Replies to post #11747 on Labwire Inc (LBWR)

[the_worm06]

so the fact that LBWR had a negative $458,000 in operating cash flow for the first 9 months of 2008 and had to borrow $600,000 to stay afloat means nothing?




==================

Posted by: SOROS Date: Tuesday, February 17, 2009 3:50:32 AM
In reply to: Creede Bighorns who wrote msg# 11737 Post # of 11747

LBWR's business requires no manufacturing. Most companies dying have huge manufacturing costs. LBWR has NONE! Only costs for servers, etc., and those only as needed with new business. The money comes first always in LBWR's case. Great business model in a tough economy. Those with manufacturing costs have to keep borrowing to stay afloat.

Low/no up front costs moving forward, service required by law, great margins, only scratched the surface of eligible companies to do business with, word of mouth and satisfaction primary way to get new business, flawless reputation for ease of use and customer service -- #1 in the industry!

[EarnestDD]

Of course Labwire has no manufacturing costs ... its in the SERVICE Industry.

[creede]

That's right. I believe that fixed costs are met somewhere between $4 - $5MM. That should mean more $$ on the bottom line as revenues ramp up.