BTCS Inc (BTCS)

[lev1111]

tell me those numbers arent beautiful, 800k in SALES, 58% increase over same period last year, common guys.
36/06/2013

NET SALES- 800,189$
COST OF SALES- 550,489$
Gross profit- 249,700$
MARKETING AND SELLING EXPENSE- 14#$%$
GENERAL AND ADMINISTRATIVE EXPENSES- 163,599$
Profit from operations- 71,384$
OTHER INCOME AND EXPENSES,net - 9,021$
FINANCIAL INCOME AND EXPENSES, net - -- --
Profit Loss before taxation and currency translation gain/(loss)- 80,405
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NET SALES (REVENUE) - For the first six months of the year, quarter ended June 30, 2013, as compared to the six months ended June 30, 2012, revenue has increased by 58% or by $294,504 from $505,685 to $800,189. This increase can be attributed to a change in strategy by Management. Our going forward sales activity reflects our management's plan of increasing focus on the development of recurring business in existing and new markets for the new Interactive LED Line. Our management does anticipate that revenues will continue to grow for the balance of the year due to the LED product line which represents a much larger value ticket item which will drive revenues higher and the current back order that the Company has built up.

GROSS PROFIT - For the first six months of the year, quarter ended June 30, 2013, as compared to the six months ended June 30, 2012, gross profit has increased by $97,017 from $152,683 to 249,700. This is primarily due to the restructuring of the business over the last year and the focus on the more profitable LED product line. Our management does anticipate gross profits to continue to rise for the balance of the year.

OPERATIONAL PROFIT - For the first six months of the year, quarter ended June 30, 2013, as compared to the six months ended June 30, 2012, operational profit has increased from $(50,092) to $71,384 an increase of $121,476. This can be attributed to the Management's focus on reducing overhead costs to maximize profitability when revenues increase. Less