RYU Apparel Inc V.RYU.H

Alternate Symbol(s): RYPPF

Consumer Cyclical Luxury Goods

RYU Apparel Inc. is a Canada-based urban athletic apparel brand, which is engaged in the development, marketing and distribution of apparel, bags and accessories. The Company’s products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company’s products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia, Canada. The Company’s products are produced in factories located in North America and Asia and it sells its products through retail, e-commerce and wholesale channels. The Company offers its products for both men and women and also sells its products through Websites, ryu.ca and ryu.com.

TSXV:RYU.H - Post by User

RYU Apparel Inc > How much revenue = no loss?

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Comment by athleticsguyon Dec 05, 2019 4:00pm

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Post# 30426430

RE:RE:RE:RE:RE:RE:RE:RE:How much revenue = no loss?

That's why i'm suggesting that they need to make some pretty big changes to cut expenses at a faster rate. Just look at the Q3 2019 MDA that was prepared for Nov 28th. Their Depreciation & Interest & Bank Charge categories on their Q3 report. The majority of that expense is due to rent/lease..

Cherry Picking some numbers:

Q3 revenue: 1.48m
Q3 Depreciation & Interet & bank charges (majoirty is due to rent/leases): 1.365m
Q3 salaries & benefits: 1.5m
Q3 cash on hand: 73k!!!!!!!

Holy cow... I just read pages 14-20 (Risk Factors) and i'm not sure what to say anymore...
"The Company will require additional financing to sustain its business operations. The Company currently does not have any arrangements for such financing, and it may not be able to obtain financing when required."
I strongly suggest that everyone reads these last 6 pages for yourself... I'm usually a pretty optimistic person but I feel a bit sick after read it.