RE:RE:HEXO Reports Gross Margin 40%Wrong again... look at the financial statements for Q3, its written UNAUDITED ON EVERY SINGLE PAGE. Do you know how long an audit takes??? You think every quarter is audited, my god you're dumb. Q3 CALCULATIONS ARE HERE : Gross margin = 5730/30895 = 18.54%. Page 4 of the document, or page 2 of the statements.
quinlash wrote: Gross margin calculations reported by a corporation are audited. They are reported using legally binding accounting rules. Gross margin numbers, earnings numbers, company progress etc reports / numbers etc need to be sourced from the company documents, not by some known basher / shorter and distorter on a public (apparantly poorly regulated) chat forum. quinlash wrote: HEXO 2020 Q3 Reported out 40% Gross Margin. Outlined in the QTR report as well as the Call Transcript
Taken from call transcript:
Gross margin before fair value adjustments for Q3 2020 was CAD8.8 million or 40% compared with net revenues from the sale of goods compared to CAD5.7 million or 33% in the prior quarter. This increase is due to the reduction in the cost per gram as a result of the decreased packaging and a radiation costs as well as the improved yields per square foot
Link to Call Transcript
https://www.fool.com/earnings/call-transcripts/2020/06/11/hexo-corp-hexo-q3-2020-earnings-call-transcript.aspx