InvestorsHub Logo
icon url

RelayLou

05/15/23 10:47 PM

#343166 RE: Juancy #343165

Still keeping my eye on the ball. Finally starting to run uphill. Good to see all the old group still here and watching closely. GLTA
icon url

BubbaInSC

05/16/23 1:52 AM

#343175 RE: Juancy #343165

The Growing Operation LOSSES and WORSENING NEGATIVE Net LOSSES are a FACT

If FUNN had reduced expenditures like payroll; they could have closed the gap, but they didn’t.

Well past COVID, cafes are only generating about $300 k each, or a rate of $1.2 mil per year.

It may very well mean that they are topping out with gross revenues per cafe.

Unless they can turn over tables more quickly or raise prices or close down most unprofitable cafes in Provo, ChiTown, and Toronto

Like I said, can they close gap without relying on PPP loan forgiveness? So far, the answer is no






True, just trying to put some perspective on the negative profitability narrative .