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Tuesday, January 18, 2022 3:38:56 PM
Folks with the limited information we have to work with (their last public filing from the quarterly period ending Feb. 2018 -link below) take a look at the:
Ecosciences Consolidated Statements of Operations
For the three and nine months ended February 28, 2018 and 2017
For the three months revenue jumped from $4,836 to $21,160 (437% increase)
For the nine months revenue jumped from $14,223 to $67,021 (471% increase)
Costs of goods for three months from $954 to $5,320 (557% increase)
Costs of goods for nine months from $7,650 to $22,621 (295% increase)
Therefore, we see that revenue if it was maintained at the same rate of growth, could be quite significant in 2022.
The costs of goods was consistently growing with the revenue indicating that the material costs of the tablets was controlled.
Also note the high margins of the product:
$21,160/$5,320 = 397% 3 months 2018
$4,836/$954 = 506% 3 months 2017
$67,021/$22621 = 296% 9 months 2018
$14,223/$7,650 = 185% 9 months 2017
If Ecosciences has growth and profit margins like we saw from 2017 to 2018 we could be sitting on a rocket fueled stock.
This stock could be the biggest turnaround story in 2022.
https://www.sec.gov/Archives/edgar/data/1493174/000149315218005308/form10-q.htm
GLTA
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