Hannover House Inc (HHSE)

[speckulater]

Not Yet Possible To Calculate Q4 Gross Margins

Also, looking at gross margins, they were 24% this Q and 29% in Q3

Your post is so full of misstatements, impossible calculations and errors, I am not even sure where to begin. But let us start with Gross Margins.

Gross Margin is a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
http://www.investopedia.com/terms/g/grossmargin.asp

Today's HHSE PR:
Gross Revenue $1,153,136
Pre-Tax Net Income of approximately $279,268

There is no mention of Cost Of Goods Sold, so is not possible to calculate Q4 Gross Margin.



Q3 Gross Margins = 34%, NOT 29%

Revenue 1,205,392
Total Cost Of Sales 790,477

(1,205,392 - 790,477) = 414,915 / 1205,392 = 34%

My point here is this; shortly after he announced third quarter results, he announced that Q4 would be better than Q3.

I do not recall any such thing. Please refresh my memory with a specific link.



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