Replies to post #46514 on Yuengling's Ice Cream Corp (YCRM)

[SF971]

Read the last paragraph above key line items. ReachOut only included results from the date of acquisition 9/29-12/31.

The way I read the proforma is the $2,750,642 Revenue for ReachOut was from 9/29-12/31/23 or 3 months.

Just multiplying that by 4 is a yearly ~$11M Revenue for ReachOut.

The unaudited pro forma combined condensed statements of operations are based on YCRM financial statements as filed with the SEC for the year ended October 31, 2023 and the unaudited financial statements of ReachOut and its subsidiary (IND) is based on the financial statements used in developing the December 31, 2023 consolidated financial statements.

The RedGear LLC’s pro forma statement of operations is based on its full year or operations,

whereas the consolidated financial statements of ReachOut will only include the results from the date of acquisition, September 29, to December 31, 2023.

Their annual revenue (TTM) is closer to $2.7 x 4 + $4.6 = $15.4 M for FY 2023.