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 > Margins Drop to 2.4%! - Lying Lhama Promised Improvements

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Comment by randomtaskon Mar 30, 2021 8:36am

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Post# 32904602

RE:RE:RE:Margins Drop to 2.4%! - Lying Lhama Promised Improvements

That was for the entire year.... Q3 - 9.7% ( i think); Q4 - 2.4%.

Margins at 2019Q4 were actually twice as high... so while revs have improved, margins in 2020 are down 50% over 2019...

Profitability just went out the window for this year for sure and likely 2022 unless they can quarterly revs to $250M from $7M

Namascam wrote:

Moetown1 wrote: So margins got worse when they are supposed to get better?

I see 2 mil on 25m net revs, approx 8% Still, a step in the wrong direction... I too expected far better margins considering Meni told us "the discounts are pass-through from our vendors" which was a total lie, and we see the proof right here. If the discounts were given at the vendor level, we would have seen margin improvements, not further destruction.