Umax Group Corp. (UMAX)

[WallStreetSurvivor]

$UMAX expects 2021 to be a year of significant growth in revenue from not only Home Foam’s current client base but new large contract clients that are now being finalized. This increased revenue from Home Foam’s current client base will have a large impact on its gross margin. Home Foam completed calendar year 2020 as a cash flow positive operation. As such, these anticipated increase in top line revenue for Home Foam will go almost all singularly towards bottom line financial performance of its parent company, UMAX.