Amfil Technologies Inc (FUNN)

[BubbaInSC]

Good News Bad News

The good news is that Tempe generated $700k for FY23Q1; and is projected to pull in ~$2.8 for FY23.

The bad news is that Tempe generated 40% of the revenues for all the cafes in operation.

Which means that the other 6 cafes are generating ~$166,666 per quarter - and all have negative net profits/losing $$$

That's very, very concerning.....especially since restaurants already bounced back about a year ago?

Guess those faux witness accounts are boolshyte??

IMO, FUNN needs to dump Provo, 2 Toronto cafes, and ChiTown.....if they are to be taken seriously in regards to making cafes positive net profitable.....and move towards selling franchises in the USA.


I think everyone would have been more impressed had FUNN execs published what the actual gross revenue was for each site, and not just for Tempe.

PLUS THEY FORGOT ALL ABOUT PROVO.

‘Tempe’ is EBITDA positive for the 4th quarter in a row with $700k revenue in Q1