GrowLife Inc (PHOT)

[neverenough44]

Phot has been able to show increasing revenue but at what cost to the shareholders? I pulled the revenue and outstanding shares from the past four quarters. I then broke it down to revenue per share (revenue divided by shares) to get a ratio that could be compared across all four quarters.


For the three months ended September 30 2013, our revenue was $1,313,399
As of November 14, 2013 there were 711,855,833 shares outstanding
Rps = .0018

For the three months ended June 30 2013, our revenue was $872,557
As of August 13, 2013 there were 620,034,915 shares outstanding
Rps = .0014

For the three months ended March 31 2013 our revenue was $760,709
As of May 14, 2013 there were 531,062,596 shares
Rps = .0014

For the three months ended December 31, 2012 revenue was $674,620
As of April 1, 2013 there were 496,322,787 shares
Rps = .0013

What can you take away from this? I am not really sure but it appears that despite increasing the share count by almost 100 million in the last three months the revenue has increased enough to raise the revenue per share number has as well.