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Re: Odessa99 post# 10379

Saturday, 11/12/2011 10:05:57 AM

Saturday, November 12, 2011 10:05:57 AM

Post# of 80868
Here are the actual PROFIT figures:

Q1=-$5 Million
Q2=-$7.4 Million
Q3= -$7 Million (Conservative Estimate)

Despite setting record sales; this company cannot pay bills

Annual Profit Results:
2009: -$1.9 Million
2010: -$19.5 Million
2011: -$26 Million (Based on Q1 and Q 2; generous est of Q3, Q4)
2012: -$40 Million (Extremely Generous Est based on previous performance)

Sales growth means nothing when you can't stop spending. Anybody can achieve sales growth by spending outside their means...