Replies to post #7407 on Galaxy Next Generation Inc (GAXYQ)

[Walker]

Yep - should be much higher now with current environment! Thx

[I-Glow]

In analyzing a financial statement never look at the revenue first - always look at the balance sheet first and what is disturbing is that most of the assets are Intangible Assets and Goodwill which can be impaired at any time.

Then I look at the profits or losses from operations.

For the last 10-Q the losses for the quarter were $2,100,937.

Losses from the Operations are the Revenue minus the COGS and SGA.

This is a measure of competence or incompetence of management to efficiently operate the business.

And the management is extremely incompetent.

IG

[Magnum7419]

"Financial Results for the Three Months Ended December 31, 2019:

Revenue for the three months ended December 31, 2019 was $0.9 million, an increase of $0.2 million or 35%, as compared to $0.6 million for the three months ended December 31, 2018. Of note, revenue associated with the entertainment theater ticket sales and concessions was $0.3 million for the three months ended December 31, 2018. Without such, the revenue growth for the three months ended December 31, 2019 over the comparable three months ended December 31, 2018 would have been 147%. Additionally, deferred revenue amounted to $0.6 million, as compared to $0.2 million for the year ended June 30, 2019. Deferred revenues increased due to the increases in the customer base for interactive panels and related products as well as additional deferred revenues of Concepts and Solutions, acquired in September 2019."