Replies to post #230818 on Blum Holdings Inc (BLMH)

[Magnum7419]

I look forward to your opinion on the issue I raised on PM.

[BriarPatch]

and along with those impressive ratios...

Gross Margins increased from 16% to 19% overall

Edible Gardens Margins increased from 6% to 25%

Shareholder Equity increased from 52.1m to 68.2m

Debt was reduced by 5m with an additional reduction of 1.5m post quarter

Not a bad report overall, a definite step in the right direction.

Margins are up, Shareholder Equity is up, Debt is down (way down) and Business is BOOMING...

[Copper Hunter]

More DD from Accountant's view:

Revenue: 7.8 million
COGS: 6.3 Million



Gross Profit: $1.5 million
Operating Expenses: 6 Million


A. Gross Margin is terrible here!

B. Even if the margin made a MASSIVE 180 turn and became healthy, then they'd still have big league losses when their operating expenses are 75% of their revenue!

C. And revenue is declining when looking at the latest Quarter & comparing it to the same 3 months of 2016. By over 1.75 million down!

D. Would of actually made money if they would of just shut down and not have operations expense&COGS last Quarter.

[BriarPatch]

looking to update my "sticky" spot. might make another "cliff notes" post for Q3, maybe over the weekend...

taking suggestions...

ps. Special thanx to chicagojosh for his informative "accountant perspective" metrics analysis.