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Monday, November 25, 2019 10:25:28 AM
Also by reading the 10Q I can see that Rotmans is profitable: non controlling interest of 42% brings $63.8k net profit, which means Rotmans is profitable by $152k in 2 months. Revenue was about $6 million in the same period, so net prodit margin is 2.5%. Not much obviously, but profitable. And I m sure it is very conservative because the merger created additional expenses during the transition (reorganization, new software...).
Anyway I ve said that since the beginning, Rotmans is not what will bring growth to Vystar, it s their other products. But now that the filings for the merger are released (8K-A will follow), management will now be able to focus on the future contracts.
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