Replies to post #110611 on Savvy Trades and Investments

[larrybaz]

SRTS - I agree that there must have been something that happened with their largest customer that caused their sales to drop off a cliff in Q1 2023.

2022 Q1 Total Sales: $10.34M (largest customer $8.37M) - all other sales: $1.96M
2023 Q1 Total Sales: $3.41M (largest customer $2.05M) - all other sales: $1.36M

Sales to their largest customer dropped a whopping 76 percent.
Sales to all others dropped 31 percent.

They sure didn't give any guidance during the conference call, which makes me not want to hold any into their next earnings report. In addition, like you noted, they had abnormally low operating expenses this quarter. Maybe they are back on track. Who knows. There was this bullet point in their press release that seemed encouraging on its face:

Increased finished goods inventory in preparation for anticipated continued growth in 2024