GREY:SCSZF - Post by User
Comment by
vandenpon Oct 01, 2001 8:29am
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Post# 4245989
RE: NEWS update
RE: NEWS update
The NR states:
|||||||Savings realized from these cost-cutting measures will amount to at least $65,000 per month.|||||||
and
|||||||In the meantime our company will, as a minimum, operate on a break-even basis.|||||||
With at least $195,000 per quarter in savings ($65,000 per month * 3) and a burn rate that has averaged ~$900,000 per quarter (Q1's burn rate was $898,214, Q2's burn rate was $897,201) they will have to clear an extra ~$700,000 per quarter to reach this |||||||break-even basis|||||||
Total sales for Q1 and Q2 = $586,026
Total cost of sales = $287,367
To me it looks like SCS would have to generate an EXTRA $1.4 million PER QUARTER in revenues to make up this $700,000.
What does this mean?
1. They've increased revenues SUBSTANCIALLY and have kept it very secret. (unfair)
2. They won't come close to breaking even and the NR is B.S.
3. My #'s are way off.
4.
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6.
Please feel free to correct, add to, or comment on this post.