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Active Control Technology Inc ATIVF



GREY:ATIVF - Post by User

Post by davproon Nov 29, 2010 2:52pm
357 Views
Post# 17771885

Has anyone compared the year end to the nine month

Has anyone compared the year end to the nine monthEssentially if you look at the nine months figures they say the comany had revenues of
$4,529,527
with cost of sales of
$3,569,196
resulting in a gross profit of
$960,331
Then when you look at the year end figures revenues are
$5,310,491
with a cost of sales of
$4,699,341
resulting in a gross profit of
$611,150
Therefore in the last quarter they actually lost an additional 1/3 of their previously booked gross profit or
on sales of
$780,994
they had cost of sales of
$1,130,172
for a result that they had a gross loss of
$349,228
Obviously they had some uncaptured cost throughout the year that they missed but the auditors must have caught.
Anyway in order to get a proper feeling for current margins on recurrent revenue we will have to wait for the Q1 statement. Or did I just miss something?
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