Focus on Revenues. They MUST go up, as cafes open vs being closed. Bodes well for our next 4 quarters in a row!!
I expect low revenue this earnings report, since it is for April - June and we were mostly CLOSED for that period. Then, for the first quarter of FY22, which is July - September period, (NOW), which will be reported in NOVEMBER, I expect revenues to go up as Tempe did very well but ASU was closed for about half that time period, Tucson opened for PART of the quarter, and Toronto opened for PART of the quarter. So revenues UP for FY22 1Q. Then, the FY22 2Q period of October - December 2022 will have Tempe and ASU open the entire quarter, Tucson open the entire quarter, Toronto open the entire quarter, and Gueph open for part of that time. Chicago doing better too. Call it firing on almost all cylinders. Revenues will be up much higher, and I'll also go so far as to say I expect a positive NET earnings for that quarter. I think we are finally at the point where we have enough restaurants open that the profit for each one should overpower the operating costs on the corporate level and we should have net positive earnings. That won't be released until February, for the December quarter, but let's see if we can do that. For the 3Q and 4Q of FY22, I think we shall see solid numbers, GOOD revenues, and by then we should be back on the path for more expansion. They are focusing right now on getting these restaurants back up and running (been only a month since Toronto opened gain) but expansion should start again in 2022. That would mean a future of more revenue, more cafe profits to offset corporate overhead, and a higher net profit. SO the future looks bright to me. Starting AFTER this release of earnings, IMHO the LAST one with bad (comparatively) revenue numbers, since we were CLOSED for this period, and the future looks bright after this release.
I'm bullish on the next 12 months. After that? IF they do the expansion I have pushed for years, then I'll be bullish for that too. But next 4 quarters WILL (bold statement) have INCREASED revenue per quarter, based on more locations open each one, and EXISTING cafes that we have right now. Unless there is another shut down, we MUST show higher revenues, as locations open versus closed means more revenue. Period.
That is the short version - in my way of posting. LOL
