Friday, February 24, 2023 1:39:27 PM
They did have a positive gross profit. But $9 million loss in net, is quite terrible from $59 million in revenue.
Their revenue was basically $59 million.
All costs and expenses combined were $9 million more than that amount, in giving them a net loss of $9 million, from the $59 million in revenue.
Which is about a (negative) 15% net profit margin (in the red).
Tradition (APSI) audited financials from 2021 were way better in total revenue, net profit, and of course net profit margin.
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