RE:RE:XLY market share.CrystalGreen wrote: A reasonable discussion of targets for Q1.
I think revenues of 11 or 12mil is realistic.
Costs of only 15mil May be a little ambitious but possible.
Imho - glta - do your dd
Their cost were $50 million or $12.5 million per quarter last year. That is the number for cash expences, would not include non cash expences like depreciation and would not include cash spend on investments, such as the build of facilities.
They also have about $3.5million in debt they would have paid off in January.
EBITDA for 2019 was ($31.4million) on $8.4million in revenue.
That means they need $40 million in revenue for the year to have positive EBITDA or $10million per quarter. It is very realistic for XLY to post a positive EBITDA number for Q1.
Cannabis companies that have posted positive EBITDA have had very positive reactions with their share price so far.