Replenish Nutrients Holding Corp C.ERTH

Q4 on sedar

[lscfa]

Guidance - already sold more fertilizer in 2024 than all of 2023..

 

	Revenue	Gross profit	Margin
Q1 24 (e)	10,000,000	1,500,000	15.0%
Q4 23	3,580,323	244,980	6.8%
Q3 23	3,552,419	377,741	10.6%
Q2 23	4,295,830	593,168	13.8%
Q1 23	2,489,729	138,792	5.6%
Q4 22	4,449,437	1,030,616	23.2%
Q3 22	2,722,955	392,020	14.4%
Q2 22	7,034,294	974,317	13.9%
Q1 22	3,063,714	(247,016)	(8.1%)
Q4 21	7,673,011	2,167,466	28.2%
Q3 21	2,559,209	411,186	16.1%
Q2 21	1,585,662	420,071	26.5%
Q1 21	481,698	301,773	62.6%

[longrun86]

The thing I find confusing is the margin. I get that the conventional fertilizer input has been volatile; however, if they have a truly proprietary product I would have expected a higher gross margin to reflect this. These margins seem more in line with an undifferentiated commodity. Am I missing something to this? Genuinely curious about the company and its potential. LR

[lscfa]

I have been asking these guys to breakout revenues and they did on lastest Q1 results. Granulated margins are much higher than blended so need to get on with selling more granulated.       Blended  Granulated  Tons sold 2,067 196

[lscfa]

The reported margins of 8% and 28% are misleading as there are other direct costs. Assuming an allocation based on % of revenues here is revised table. The CO's gross profit is mostly from power sales. Get on with granulated sales.     Blended  Granulated  Power Service