SIPP Industries Inc (SIPC)

[Ownwallstreet]

Looking at the figures, how is it they expanded production yet pulled in less income? (of course their O.E. increased)


"Revenue
The revenues for the six months ended June 30, 2019 was $20,975 compared to $27,720 for the six months ended June 30, 2018."

"Operating Expenses
The operating expenses for the six months ended June 30, 2019 was $30,863 compared to $27,152 for the six months ended June 30, 2018."

https://backend.otcmarkets.com/otcapi/company/financial-report/227889/content


What is their margin per can sold?
How is it their sales are down over the same period last year?

I do not understand how they could be "expanding distribution" yet continue to see decreases in sales and revenues...



Seems quite odd to me (speaking only as a shareholder holding free shares)