Thats the NET profit, Gross Profits is 7 figures... Do you know of any pennies expanding this fast and still able to maintain a small net profit?
The company has been heavily reinvesting profits to fuel its expansion since Fiscal 2017. The significant profit increases posted in our recent Q1 2018 financials are a direct result of reinvesting profits to aggressively expand the Snakes & Lattes distribution business last year.
The company continued to reinvest profits into the expansion of operations through Q1 2018. Staff training, construction, administrative, and general expenses have been increased due to the upcoming opening of the new 'Midtown' Snakes & Lattes location. This has resulted in the net income being temporarily suppressed, yet still profitable as we position the company for increased revenues and profitability moving forward. The increased staff training costs, and a large portion of the general and administrative costs will be optimized once the 'Midtown' location begins generating revenues, which is expected in the coming weeks, resulting in increased profitability and net income.
The Fiscal Q1 2018 revenues have made a powerful statement. The revenue and gross profit numbers truly confirm the effectiveness and sustainability of the company's growth strategy. The company remains on a clear upwards trajectory with increasing momentum in terms of revenues, profits, expansion, and diversification of revenue streams. The company continues to post quarter over quarter growth, which have now almost paralleled revenues of our most recent entire Fiscal Year End. Combined with the aggressive expansion of all business divisions, the company has positioned itself for continued growth and increased profitability throughout Fiscal 2018 and into the foreseeable future.
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