Replies to post #36713 on CaliPharms Inc (KGET)

[rawman]

And everyone here should know the difference between "gross income" and "net income". This really is investing 101 stuff and mansplaining it to us only makes you look ridiculous.

CONTRARY TO THE POST, "REVENUE" AND "INCOME" ARE VERY DIFFERENT! THEY ARE NOT THE SAME THING!!!!

REVENUE IS SALES! INCOME IS WHAT IS LEFT AFTER EXPENSES ARE SUBTRACTED FROM SALES!

GROSS INCOME/GROSS PROFIT IS WHAT IS LEFT AFTER THE COST OF OPERATIONS, i.e. "COST OF GOODS", IS SUBTRACTED FROM REVENUES.

NET INCOME/NET PROFIT, i.e. "THE BOTTOM-LINE BEFORE TAXES", IS WHAT IS LEFT AFTER NON-PRODUCTION COSTS, SUCH AS ADMIN, MARKETING, ETC., ARE SUBTRACTED FROM GROSS INCOME/GROSS PROFIT!

WELCOME TO "REAL" ACCOUNTING 101!

THE CLOWN IS DEFINITELY MISLEADING INVESTORS WHEN SPEWING "REVENUE" (SALES) ESTIMATES, WHILE CALLING THE ESTIMATES "INCOME" (PROFIT)! THIS IS CLASSIC BOBO BS!