Saturday, April 16, 2022 11:58:48 PM
Cost of Goods Sold 90%
leaving 10% for cash flow.
Sales and Admin 20%
Sales Cost 10%
Before any Financing costs (another ~18%), MSLP is losing .20 cents on every $1.00 of sales.
Sales are crashing at MSLP's largest retailer, Costco.
2020 Costco was ~$27m
2021 Costo was ~$18m
Costco sales down -$9m YOY -33%.
Wait until you see the huge Interest Cost explode even higher as the private placement in December begin accruing interest in Q1 and 2 of 2022.
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