Vystar Corp (VYST)

[turn144]

I am sure the net was a loss given the extensive work required to get the 4 to 1 merger done and restating everything to be in line with proper reporting. The fact that they had to restate assets and add back to the balance sheet would impact the expenses overall but a necessary activity.

Important items.

Rev was $6.4M for 9 weeks - that is a quarterly run rate of $9.2M and an annual of almost $37M. And a piece of the growth is VYST products that have greater margin.

Gross Profit was about 41% - not bad but I am sure there is impact in there for the restatement of inventory.

Great asset base to work from.
Share count unchanged - NO matter who owns them.

While the detail will provide further scrutiny, I think the take away is that everything is complete and now they can move forward and implement their overall strategy.

One item I will look for is their cash position and how they intend to finance growth.