GREY:INSHF - Post by User
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Toweringmarson May 14, 2020 3:07pm
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Post# 31029169
RE:RE:Inner Spirit has $10.84M continuing ops loss in 2019
RE:RE:Inner Spirit has $10.84M continuing ops loss in 2019
cudjo wrote: not much unexpected sales wise, the loss is however, larger than what I thought it would be, bottom line, this company will experience a weak sp and support, hardly any bids out there after the years financials, for at least another 4-5 quarters IMO. Next quarters result wont result in any pop as investors would have factored in the growth due to the whole world being housebound. This company needs to get the branches in place over the next 4/5 quarters to get any reasonable idea of value, and they have to stop bleeding. Good luck, wash your hands
Agreed, I was rather disapointed in the SG&A costs as well. I do believe they'll have better quarters ahead, but I would have to say that the franchise royalties for the year are a little weak. It'll be anyones guess as to how long it will take the Ontario locations to get licensed and opened, but at least we can look forward to the 2 locations out east this summer. Though I think they're going to have a tough time meeting that 80 store mark by year end without Ontario getting on things quickly.