Discrepancy between GM on interim statements vs annualized Hi folks,
Has anyone else noticed the discrepancy between GM as reported on interim statements vs that reported on the recent audited statements ? For instance, for the 9 months ended June 30 2016, GM % is 61% ($2.582 MM Gross profit / $4.216 MM Revenue). On the audited Sept 30 2016 statements , GM% is 67% ($4.430 MM Gross profit / $6.644 MM Revenue). I'm sure there's an explanation, I just haven't figured it out yet. Thx.