Friday, December 20, 2019 4:55:37 PM
On my initial review (not detailed/just paging through), I'm happy there are revenues (hopefully more to come!), and gross profit. Operating expenses have gone up, most notably in the professional fees category. I didn't really see any explanation of the professional expenses. I wonder if these will continue to be high and increase, or if they will taper off as the company has gone through significant changes in the past year (and won't be needed as much in 2020 and beyond).
A lot of the notes look to be recycled/regurgitated from previous quarterly/annual reports (maybe the notes are required, I don't know. I was surprised that the inventory level was $0 (so what do we really have to generate revenue on?!?). Overall, the financials don't look great (and haven't for a long time, if ever). Hopefully NNRX can continue to weather this storm and turn things around, little by little. As I've stated in the past, we need revenues and income to steer this company in the right direction. I say good luck to Mr Bishop!
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