Replies to post #40515 on CV Sciences Inc (CVSI)

[ANIA77]

KSHB Q filed last week was really bad. Yes, they made $25mln.. but cost of product was $22mln ! Their margin is horrible. They will never be profitable imo Another quarter with $8mln LOSS. They loose $8mln per quarter! This is crazy.
And I was right that they already burnt through cash from last offering and had to pull $7mln from their credit line in November/December. Interest rate expenses will start hitting them hard..
Of course they needed a new offering.. they will have to keep doing that or keep adding on debt.
Profitability and Cash is a must to catch a winner stock.