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larrybaz

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larrybaz

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Tuesday, 08/15/2023 1:19:16 PM

Tuesday, August 15, 2023 1:19:16 PM

Post# of 113879
SMID - To report a loss when they report. From the NT 10-Q:

Based on preliminary results, not reviewed by an independent registered public accounting firm, for the three and six months ended June 30, 2023, an increase in revenues over the comparable prior periods is expected to be reported. Due to higher cost of goods sold as a percentage of revenue and an increase in general and administrative expenses, a loss is expected to be reported for the three and six month periods ended June 30, 2023.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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