TSXV:RYU.H - Post by User
Post by
SuperMoneyon Apr 14, 2019 6:13am
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Post# 29624112
Speculation
SpeculationThe following is the 2017 year end financial results:
https://web.tmxmoney.com/article.php?newsid=7341006500660646&qm_symbol=RYU Based on the above Q4-2017 financial report, the revenue
for the year ended December 31, 2017 was $3,019,586 and the gross profit for the year ended December 31, 2017 was $1,382,293.
The following is the Q3-2018 financial results: https://web.tmxmoney.com/article.php?newsid=7662829093868339&qm_symbol=RYU Based on the above Q3-2018 financial report, the
revenue in the first nine months of 2018 was $3,274,011, 77% higher than the same period in 2017 and the gross profit in the first nine months of 2018 was $1,734,126, 53% higher than the same period in 2017.
If we assume that the revenue and the gross profit for the last quarter of 2018 are the same as the third quarter of 2018, i.e. the revenue for the last quarter of 2018 is assumed as $1,223,524 and the gross profit for the last quarter of 2018 is $710,545, then the total revenue for 2018 would be $3,274,011+$1,223,524=$4,497,535, which will be 49% higher than 2017. The gross profit for 2018 would be $1,734,126+$710,545=$2,444,671, which will be 77% higher than 2017.
Of course, the last quarter of 2018 was a holiday season and so the sales should be the hughest of the year. So, the above estimates for the Q4-2018 could be even better.
Disclaimer/Warning: the above are only my opinion/assumptions that could be totally wrong. It is NOT any investment advice. Do your own DD.