Spectacular Solar Inc (SPSO)

[Edward]

Would like to see that but have to realistic.


Doesn't quite look like that to me. There possibly could be material adjustments.From the last financial published July-Sept. Three month 2019 quarterly.

The gross profit looks way out of whack to me. Some of the Costs of goods sold normally  include Direct materials,Direct labor,Equipment costs involved in production,Utilities for the production facility,Shipping costs . So  a 95.7% Gross margin is highly unlikely.

Also their net income is 75.2% to Gross revenues, again unlikely.


Sales of product Income  4,421,412
Cost of goods sold         180,297
Gross profit             4,241,115  (95.7%)

Net income                  3,324,824  (75.2%)

Gross margin = 95.7 %

Looks unlikely to me. That would be the highest Gross profit of any company (maybe in history)


https://backend.otcmarkets.com/otcapi/company/financial-report/234970/content