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Re: surfkast post# 13989

Sunday, 04/17/2022 5:45:21 PM

Sunday, April 17, 2022 5:45:21 PM

Post# of 14876
Net loss can be carried forward & used to reduce taxable income in the future.

How can anyone claim that the company is doing good (well)?

It's not rocket science and startups & rebooted companies do it all the time & succeed. They're consistently increasing revenue quarter over quarter. Continue to spend to improve existing and develop future revenue streams... adds to the revenue. Eventually your product line is rounded out, the revenue surpasses the expenses and you're off to the races.

It's the first year in many that they have had any meaningful revenue, period. All it took was bringing in new management eager to actually grow a business.