RE:Q2 on sedarlscfa wrote: No bloody explanations for lower margins....
| Q ending | Rental Revenue | Service Revenue | Sales Revenue | Total Revenues | COGS | Gross profit | Gross margin | CFO |
| Jun 22 | 1,268,641 | 1,416,990 | 0 | 2,685,631 | 2,265,533 | 420,098 | 15.6% | (1,521,485) |
| Mar 22 | 902,380 | 3,077,305 | 0 | 3,979,685 | 2,372,058 | 1,607,627 | 40.4% | (744,929) |
| Dec 21 | 808,557 | 3,416,385 | 372,923 | 4,597,865 | 3,560,156 | 1,037,709 | 22.6% | (4,730,576) |
| Sept 21 | 794,833 | 2,182,516 | 1,409,428 | 4,386,777 | 2,528,037 | 1,858,740 | 42.4% | 3,846,930 |
| Jun 21 | 699,595 | 0 | (47,491) | 652,105 | 103,482 | 548,623 | 84.1% | (981,127) |
| Mar 21 | 537,283 | 0 | 513,597 | 1,050,880 | 74,128 | 976,752 | 92.9% | 14,079 |
| Dec 20 | 270,960 | 607,476 | 920,396 | 1,798,832 | 987,888 | 810,944 | 45.1% | (1,017,115) |
| Sep 20 | 434,560 | 0 | 107,764 | 542,323 | 83,880 | 458,443 | 84.5% | (1,270,376) |
| Jun 20 | 525,088 | 126,103 | 3,498,948 | 4,150,141 | 2,901,692 | 1,248,449 | 30.1% | (316,946) |
| Mar 20 | 543,738 | 239,057 | 1,851,992 | 2,634,786 | 977,553 | 1,657,233 | 62.9% | 311,465 |
(Net sales - COGS) / Net sales
Looks like their Service revenue went down sharply impacting their gross margin. Rental revenue has steadily increased month over month. Their service and sales revenue fluctuate a lot. Their COGS has stabilized around 2 million. Once they get their rental revenue to surpass their COGS they should be alright. At the current pace they're looking at early next year.
I bought this stock with a 5 year window. I have 2-3 more years and they're getting better so I hope by that point everything is good.