At this nascent stage, it would be fair to estimate PHOT would not be cash flow positive for at least another year. However, grossly missing an earnings estimate without an explanation is concerning. Generating less pro forma revenue compared with 2012 (9 months) is disconcerting. Why are their same store sales decreasing?
That's not the point. This was supposed to have huge quarterly growth! THAT was the play! I can live with dilution to pay for growth. BIG miss equals BIG problems. Either the CEO lied or he's misinformed.