What did you think of the latest presentation?
Any thoughts on the revenue outlook? Lack of discussion on margins and spending disconcerting to you? The full year revenues were basically in line with numbers I suggested a few months ago (I projected $60-$65mm in full year 2020 revenue). I am disappointed in the lack of guidance for net margins, but I am not surprised since they were highly optimistic (in the July presentation) for a company attempting to sustain triple-digit revenue growth and build a number of consumer brands.
I hope we get more granularity on revenues in the next earnings report and the 10-K. I suppose they made some attempt with the M&A vs. organic growth breakdown on slide 11, but that really wasn't that helpful. At the very least, it would be nice to know what's coming from the original beef deal versus other product areas.
I'm surprised they included the beverage business since there's been no mention of it on the past couple of earnings calls. If there's any traction in that business, it would be great to know as it should generate considerably higher gross margins than the other parts of the business.
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