Fertilizer revenue = $300-$350/ton x 44 tons = $13-$15K for this shipment. Nice, but not life-changing. However, note that Florida Mulch claims to have a goal of $2M in 2008 fertilizer sales. That equals AGWS' entire budget for FY08 (per Wall Street Resourses report).
Through 9 months ended 6/30/07, fertilizer provided only $14K gross profit. $2M revenue in '08 @ 40% margin would provide $800K gross profit. Not bad for a company with a cap of $6M.
With expanded facilities, fertilizer revenue may wind up closer to $3-$4M, particularly with this addition of Florida Mulch.
From 10SB also note addition of McDonough, GA and Charlotte, NC in Spring '08. Plus 2nd pellet mill and possible acquisitions of plant and tree farms.
