RE:RE:RE:RE:RE:Q1fergus2 ,I thought my comment ws complete phrased as a question.
I really don't know what more to say except companies usually have fixed costs ( overhead like compensation , insurance, rent etc etc. )
The company had a 45% fall in revenues and gross profit is essentially unchanged. So I looked up the defintion of gross profit which seems to be
"Gross profit is the profit a business makes after subtracting all the costs that are related to manufacturing and selling its products or services. You can calculate gross profit by deducting the cost of goods sold (COGS) from your total sales."
The company must have a highly adaptable business model ; maybe one where installers are not employees but sub contractors , prepaid a lot of expenses ( inventory which is high( , stuff like that .
I get the point about becoming an technology software company with higher margins.
I still find it unbelievable!
Has anybody heard of layoffs ?