Boy that would be true except the FACTS prove that to be nothing but BS. Best not forget Elite's increasing revenues quarter over quarter - year over year.
Total revenues were up by more than 50% on a year-on-year basis. 3.3 million for this year’s quarter as compared to 2.2 million for the June 2015 quarter. 3.3 million in total revenues includes 2.6 million in manufacturing fees. You can compare that to the manufacturing fees of 1.7 million for the June 2015 quarter and that was a good quarter back then and the March 2016 quarter just 3 months ago, manufacturing revenues were 2.2 million and that was a very good quarter. So it went from 2.2 to 2.6 million from the March to the June quarter.
So on a percentage basis, manufacturing revenues are up more than 50% on a year-on-year basis and 19% when compared to the immediately preceding quarter.