RE:RE:RE:RE:500,000 sell and 600,000 buy . green todayWhile I agree with your numbers (at first glance), the company does not need to become profitable for the share price to rise, it merely needs to show enough growth that investors believe the company will become profitable eventually. Share price is a measure of investor confidence the company will grow, not a measure of profitability. The market is full of companies that are losing money while their share price goes up and down, like Uber, Shopify, Tesla, even Amazon was losing money for ages before becoming profitable.
But, yes, it's a long road ahead to profitability for Namaste Technologies. I don't understand why Meni didn't compare year-over-year growth in his letter: Findify revenue at around 300%, CannMart revenue at around 200%, NamasteMD revenue almost at 200%. Those show major growth!
randomtask wrote: If we remove the $16.1M in impairment and also the $15.1M in restructuring (cleaning out the garage), you still have a net loss of $32M. (This cutting the loss in half almost)
at a reported 17% (reported) gross profit margin thats $188,000,000 in annual revenue required to breakeven.
at the highest 2019 quarterly profit margin (23%) that's $123,000,000 in revenue for breakeven.
Revenue for 2019 was $16,340,000.
When do you see revenue reaching the point where Namaste will stop losing money? These are simply the numbers speaking and from what i read, the fiscal reality of the company.