RE:RE:RE:RE:Financials are outGood highlights.
We all knew sales were not going to be there since they just started selling at the end of this financial reporting period.
All that I needed to see was the cash in the bank. 4 million and only 300k in debt. No future financing needed at this time, no dilution.
Game on!
Interpolation2 wrote: It is the next two financials we need to focus on but the following are very positive:
1) >$4M in bank today which us up considerably from year end. Some of that would be warrant proceeds but also significant sales.
2) Invoices paid in arrears and depending on the sales contract revenue may not necessarily be recognized until payment.
3) Batch testing including spoilage charged to COGs ... therefore COGs is overstated necessarily.
4) In over 100 stores, TNY27 up and running, repeat orders.
5) All revenues are in Q4 --- that is very important. 12 months of costs (some of which tied to sales in Q4) and about 3 months revenue of a new beverage that was slowly gaining traction.
Not pumping ... next two quarters are what matters. March 31 inerims are not far off now .... $4M in the bank suggests no concerns for a while ...
Cheers and GLTA kingbear wrote: I gotta say I expected much higher than this, but it's the next quarter that is really telling.
GetUpAndGo wrote: COGs are 5.5x Sales? WTF.