RE:Great year end reportThe problem is that the improved and increased revenues do not translate to the gross profit, impacting their ability to repay all the debt that was required for the second line.
If increased revenues don't translate to improved earnings it's hard to see where they company will really go.
In the 2018 annual report the earnings where much more robust as the total debt to equity was around 1:1, given this they had next to no interest expense. This year the total debt to equity is around 3:1 and will grow with the construction. As much as everyone likes to use EBITDA, interest is a real expense that needs to be paid back and if your gross margins don't allow you to make sufficient money to pay it back in any time or fund expansion what hope do you have?