Most start-ups take several years to reach profits.
Some never do.
Unlettered physicist stanford Ovshinsky with his amorphous semiconductors went decades without a profit and made himself and his fellow stockholders very wealthy. Stan was always pizzed he didn't have the credentials to publish in scientific journals but he boasted about wearing Italian shoes and silk suits from Hong Kong while his threadbare academic fellow physicists didn't have a pot to pizz in.
Gross sales - cost of sales says nothing at all about the bottom line or start-up costs and all manner of incidentals and can be fudged in all sort of nefarious ways by those frisky, imaginative accountants but it does seem to me that it might be of note that the gross profit on sales is yet a loss for the quarter.
The fact that, in less than a year, they have achieved over 2/3 the revenue needed to cover the operating costs ($210K revenue vs. $329K ), I believe is very positive news.
I said that first though with less elan.
I am sadly very stodgy and have double vision that makes me see much that shouldn't be seen.
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