Sugarmade Inc (SGMD)

[x100xPercent]

50% gross margins, meaning they make 50% profit from every sale. They had $1 million in sales for the quarter so approx. $500k was profit. Don't know if that excludes taxes, but still they are profiting. The overall operation is what they are saying is negative, but that is okay AND expected. Look at 90% of stocks out there in their financials, most of their operations are negative. Again, this is EXPECTED because they are currently rapidly expanding. As I mentioned in a post I made a few days ago, they will likely not show net profit as an operation for another 6 months to a year, after they slow down on growth, maybe even longer. But that is not even close to the determining factor of where the stock is going.

x100xPercent