Replies to post #12406 on Saleen Automotive, Inc. (fka SLNN)

[Anvil]

gross margin is measured as percentage, not absolute dollars. Gross profit is measured as absolute dollar, nor percentage. Would suggest some financial analysis 101.

I actually am rooting for the company, as it makes good products, but Steve Saleen has been a disater as a manager, and it shows.

[BigBake1]

Not when those reductions in operating costs came at the expense of workers, vendors and suppliers, there is nothing positive about that. When people get laid off because there isnt sufficient work for them that isnt positive. When people take reduced salaries because the company can no longer pay them their agreed to salaries, that isnt a positive event. When creditors no longer extend credit, it is not a positive event by an stretch.

The operational costs decreased not because of "cutting the fat", they decreased because the company cannot pay for them. Just like all of the debt they cannot currently pay and are in DEFAULT on.