![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, May 16, 2023 1:52:45 AM
If FUNN had reduced expenditures like payroll; they could have closed the gap, but they didn’t.
Well past COVID, cafes are only generating about $300 k each, or a rate of $1.2 mil per year.
It may very well mean that they are topping out with gross revenues per cafe.
Unless they can turn over tables more quickly or raise prices or close down most unprofitable cafes in Provo, ChiTown, and Toronto
Like I said, can they close gap without relying on PPP loan forgiveness? So far, the answer is no
True, just trying to put some perspective on the negative profitability narrative .
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
Recent FUNN News
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM