Value Microcaps Zip Code Changers

[Bobwins]

Good.v -.085 to C$.435

Goodlife Networks 2018 results showed C$20+million total revs after acquiring two companies and loss of 2.2million. Run rate is C$40million and company has forecast C$60million for 2019.

In the P&L, there is a line item for transactions of 3.7million. If those are one time expenses for acquiring the two companies, then Goodlife could return to profitability in 2019. The acquisitions popped top line revs but also dramatically lowered gross margins from 45% to 29%.

Looking forward to Q1 to see how sales have done AND the impact of gross margins on profitability. Based on company provided comps, Good.v is undervalued by a big margin. But they need to keep growing AND show that profits are possible with the new mix of business.

https://stockhouse.com/news/press-releases/2019/04/04/good-life-networks-doubles-yoy-revenue-to-over-20m-in-fy2018#36Duk4b0JSY7w4YD.99