Replies to post #9974 on Kaival Brands Innovations Group Inc (KAVL)

[BuyNStonks]

On paper it looks like that. Unfortunately KAVL reported Q2 erroneously.

There is ~1.6M in revenue and "cost of revenue - related party" that was not reported correctly in Q2. I am not sure how exactly that would flesh out in net income. This can be verified by looking at both 10Q's side by side and adding things up. Q2+Q3 Revenue != Revenue for 9 months ended 7/31/20 on most recent 10Q.

Based on my math in post 9875 their gross profit actually increased 2% between Q's

EDIT: KAVL has been informed and their auditors indicated that it wasn't necessary to report. They are however considering the release of an amended 10Q for Q2.