RE:Negative gross margin Small operators more profitable...
Ayurcann
| Qtr ending | Revenue | Gross profit | Margin | Op. Income |
| Jun21 | 2,659,087 | 2,313,898 | 87.0% | 1,237,521 |
| Mar 21 | 2,626,516 | 1,842,161 | 70.1% | 1,008,754 |
| Dec 20 | 1,560,073 | 302,132 | 19.4% | (38,231) |
| Sept 20 | 787,980 | 168,526 | 21.4% | (48,735) |
| Jun 20 | 602,376 | 476,426 | 79.1% | 305,479 |
| Mar 20 | 9,453 | (105,026) | (1111.0%) | (321,601) |
| Dec 19 | 0 | 0 | 0 | (42,099) |
adastra
| | Revenue | Gross profit | Margin |
| | | | |
| | | | |
| Q2 21 | 1,241,763 | 545,641 | 43.9% |
| Q1 21 | 589,138 | 186,922 | 31.7% |
| Q4 20 | 1,245,097 | 620,044 | 49.8% |
| Q3 20 | 825,903 | (49,582) | (6.0%) |
| Q2 20 | 428,355 | 215,119 | 50.2% |
lscfa wrote: How about some transparency. Recall when LABS, VLNS and others where bragging about how much processing capacity they were building out. Now there is not a peep from any of them about how much capacity they have. This over-building is showing up as a big depreciation expense in costs of revenue. They need to scale up the business to turn a gross profit.