RE:Last Q2 2023 ERSorry - but it's clear you have no idea as to ho to read a financial statement.
I coudl thru your post point by point, but first of all excise tax has ZERO to do with EPS. Taxes are charged when the goods are sold - and remitted to the govenment - so it's $10. in and $10 out (in simple terms).
That's why people with ANY understanding at all - know that you dont use Gross Sales - you use Net Sales, as the Excise Tax has been taken out - and Net Sales reflect 'product sales' only. Companies with low sales, and promoters such as quinl;ash - use the misleading Gross Sales to imply sales are higher than they actually are.
But to sugegst that sales will increase by 10% - and COGS sold decrease by 10% is nonsense. Yes, you can improve the Margin, but there is a cost to processing more sales. It cost you more in growing the additional product for sales, more in wages, more in packaging, more in distribution - of course increased sales translate to higher cogs.
Regardless - Hexo's sales have now dropepd for 6 quarters in a row. They concede, like otehr companies that they have been losing market share and sales.
Sales this last quarter were a lousy $23 million - they were doing that 2 years ago before buying Redecan (for $400 million in cash). A 10% increase - any incrase - would be a positive, but 10% is a mere $3 million increase.
What are your thoughts though on the accountants saying that if Hexo doesnt get new fianncing - they'll be bankrupt before the end of summer/