The first quarter 2021 results also include the sales margins of a significant number of RxAir units.
What is a "significant number"?
Looks like they are behind the eight ball AGAIN!
The backlog was a result of the Company taking advance orders for RxAir units while simultaneously spending the summer and fall of 2020 rebuilding its supply chain and contracting with a new manufacturer amid the pandemic-induced supply shortages and the manufacturing and shipping slowdowns worldwide.
This is what happens when a company's management team doesn't have a plan "B", "C" and "D".
Got to wonder how many orders were lost when they failed to deliver units.
It would appear the only revenue was related to closing their only store and getting a "one-time" government hand out.
Wouldn't look for today's PR to see this stock price hold here.