RE:Before everyone lose their minds..Mattboy wrote: I lost money today due to the SP but I refuse to sell. Leasing is actually a great option and will not only drive recurring revenue for the company but cause companies to want more torches.
There are also beneficial tax reasons to lease instead of buy.
By leasing, they can deduct the total lease cost, meaning the cash they paid for use of the item during the tax year in question. This equals the deduction. In buying the capital item, they must lay out the full cash amount, but they can only deduct a portion of the cost each year as it is used. In the long run they will likely end up with more torches and not be forced to put out so much money.
Thanks for sharing the info for those who don't get it. This leasing should be seen as it is intended for. Bringing in more clients, great & small, to embrace this disruptive tech. that in turn will bring in ever greater cash flows than the torch sales would have accomplished for PYR.
Qtr end results are coming out in the days ahead which will shed further light on PYR earnings growth. Rest assured, IMO, it will be quite good in more ways than one can expect.
Best wishes to All, good health,
Sincerely,
Topseeker