Hemp Inc (HEMP)

[Det_Robert_Thorne]

HEMP's 2Q/19 filing due today

HEMP's 2Q/19 filing is due today, though as he normally does, I'm expecting CEO Perlowin to issue a Notification of Late Filing on HEMP's website.

Because HEMP has both $705K in Account Receivable and $831K in inventory on its Balance Sheet, it's a little hard to forecast 2Q/19 revenue, so I expect a pretty wide range of $400K - $900K.

Operating Expenses, especially stock-based compensation, will wipe out the gross margin, so I expect as loss of $4M +/- $400K.

The OS will most likely have surpassed 5.2B as of June 30, 2019.