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SPoT Coffee (Canada) Ltd V.SPP

Alternate Symbol(s):  SCFFF

SPoT Coffee (Canada) Ltd. (SPoT) is a Canada-based company, which designs, builds and operates community-oriented cafes. SPoT operates Company-owned cafes in Canada and the United States. The Company has a total of approximately 25 cafes operating, in development or under construction in the states of New York and Connecticut, including seven corporate-owned cafes located in Buffalo, Rochester, Saratoga Springs, Elmwood, Glens Falls, Orchard Park and North Tonawanda, 11 Operating Franchise cafes Kenmore, Hertel, West Hartford, Hamburg, Roswell Park, Clarence, Williamsville, Waterfront Village, Amherst, West Seneca, Niagara Falls and five SPoT Tops cafe locations, two Express cafes operating under license to Chartwells at the Buffalo State College. Its wholly owned subsidiaries include SPoT Coffee International Inc., SPoT Coffee Buffalo Inc., SPoT Coffee Transit Inc., Valshire SPoT Inc., SPoT Tonawanda, LLC and SPoT Orchard Park, LLC.


TSXV:SPP - Post by User

Bullboard Posts
Comment by Ferukon Nov 22, 2017 4:45pm
136 Views
Post# 27014707

RE:RE:RE:RE:RE:SPP Financials Out. $287K Net Income For Q3

RE:RE:RE:RE:RE:SPP Financials Out. $287K Net Income For Q3Look at their financials, specifically Note 6C. They sold a 15% interest in a caf for $304K. The main reason they have a positive net earnings is the sale. There's also a $40K foreign exchange gain in the financials. Without these two one-time events, they're not cash flow positive yet, but getting close. Their cash on hand also dropped 58% year over year and it's not like they can continue selling locations indefinitely. They're still quite far from being in a "good" position and I expect they'll have to look at more share dilution go forward.
Bullboard Posts