Tenet Fintech Group Inc. C.PKK

RE:RE:RECORD REVENUE OF $7M FOR SECOND QUARTER

[lscfa]

reformatted chart...
 

 

	Lending rev	Platform rev	Supply chain rev	Total Revenue	Supply chain expenses	Supply chain gross margin
Q2 20	828,042	1,001,980	5,433,482	7,263,504	5,422,993	10,489
Q1 20	960,372	851,166	2,137,857	3,949,395	2,104,150	33,707
Q4 19	897,653	742,945	2,716,869	4,357,467	2,699,391	17,478
Q3 19	311,747	1,534,340	2,653,866	4,499,953	2,619,916	33,950
Q2 19	1,284,714	617,008	0	1,901,722	0	0
Q1 19	949,511	0	0	949,511	0	0

 

lscfa wrote:

I view the supply chain segment as similar to the original raw material business segment. Very thin margins on purpose to attract users and get them to use the platform's other features which generate higher margins. The supply chain expenses that are now outsourced will still be substantial when brought in house.  

 

 

	Q2 20	Q1 20	Q4 19	Q3 19	Q2 19	Q1 19
Lending rev	828,042	960,372	897,653	311,747	1,284,714	949,511
Supply chain rev	5,433,482	2,137,857	2,716,869	2,653,866	0	0
Platform fee rev	1,001,980	851,166	742,945	1,534,340	617,008	0
Total	7,263,504	3,949,395	4,357,467	4,499,953	1,901,722	949,511
Supply chain expenses	5,422,993	2,104,150	2,699,391	2,619,916
Expected credit loss	254,080	361,525	51,232	176,103	32,576	4,467