Lifeist Wellness Inc V.LFST

Alternate Symbol(s): LFSWF

Lifeist Wellness Inc. is a Canada-based health-tech company. The Company leverages advancements in science and technology to develop innovative products to support human wellness and transform lives. The Company's key asset is its United States biosciences subsidiary Mikra Cellular Sciences Inc. (Mikra), a biosciences and consumer wellness company focused on developing and selling products. Mikra's products consists of Focus, Protect, Serenity, and CELLF.

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Lifeist Wellness Inc > Math for the Dishonest Donkey

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Comment by randomtaskon Mar 25, 2021 10:35pm

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Post# 32884030

RE:Math for the Dishonest Donkey

I know you're not bright enough to understand this but that's ok I'm going to spell it out for you again next week

randomtask wrote:

All from Page 4 - Q3 Interim Financial Statements released Oct 29, 2020.

Gross Revenue - $5,684.847
Cost of Goods - $5,132,466
Gross Profit - $552,381 Gross Margin - 9.72%

Expenses - $6,703,073

Revenue required to breakeven at 2020Q3 = $6,703,073 / 9.72% = $68,961,676.95

While expenses are slightly increasing QoQ, margins are not improving accordingly. Meni lied about improvements in Net Losses QoQ in town hall, they have not been improving.

They either need a signficant increase in margins or an unattainable increase in revenue. I think you may see Revs hit $15M by end of year; you would require a a 45% margin to breakeven with that revenue which is just never going to happen in any year.

Expenses are only going up, meaning that margins and revenues need to as well. Bottom line here kids, there is absolutely no way they get anywhere near breakeven in 2021 and will 100% require another round of financing.

Before i hear the whining about margins improving - let's table this for 7 days (or longer) until Q4 is released and then i can spoon feed math to you again.