RE:RE:RE:GREAT QUARTER! (Surprising tho)The ATM should be over now...they sold.4.5M shares in NOV @.145 c ; which "might" explain the Sp weakness if those that bought were up to no good. quote=johnale]
- Gross margin moving in the right direction - 53% up from 41% adj for the write downs. which is great.
(price stability will come to the market eventually with expanded retail competition and that 53% will be realized without inventory write downs)
- shareholders equity increased for the first time in 4 qs
188mil from 132mil - implying 38.5 cents a share value.
- obviously 300k positive adj ebita is just awesome at 11.9mil in net revenue. Beena knows how to run a buisness.
- Cash burn looked like mostly from financing activities in q, but not too concerned with ATM available and profitability close.
- I don't like how we arrived at the revenue side number - but if the wholesale numbers are sustainable (stable-ish) then rec sales can provide growth - I'm not going to complain.
Dumping truverra facility, also another 1mil annualized cost saving measure on the bottling side - shows they can still be even leaner - which is crazy.
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