Tuesday, April 16, 2019 6:59:57 PM
$6.4M net revenues for 2019 still seems too low. They did say they want to “under promise and over deliver”. Discrepancy could be part of that strategy. Also their “conservative view” might be assuming the worst in terms of which merchandise advances get booked in 2019, or like you mentioned, S2 of LL May not get booked until Q1-2020 versus when it’s delivered (Q4-2019)
Clearly the market is confused too. No stock movement.
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