RE:RE:@Randomtask answering your post makes me idiot.OMG LOL. Whisky, I think you've found the issue with their business. Meni probably also thinks everything they sell is 100% profit! You've cracked the code. Hop on the horn with IR and explain your new discovery!
randomtask wrote: You still have no idea how this works do you? There is revenue, then cost of revenue, then expenses. You can only apply to your wages what is left after you pay for the cost of goods. In N's case, they only keep 2.4% of what they sell, so on 24M, x that by 2.4% and that's what you have left to pay the $6-7M in expenses. If you ever looked at the financials you'd see that's all laid out line by line but instead you're too daft or too lazy even to look, nevermind understand. What you have below is embarassing.
whisky11 wrote: With $8 million in revenue with 2.4% margins, you're right it's not impressive but this was the price for acquiring new clients.
This $8 million covers to some extent (plus extra cash) all expenses in the fourth quarter.
Now concentrate for a while, they make instead of $8 million ,$16 million in revenue let's say in second or third quarter of this year. The second $8 million don't have to cover wages of board of directors, expenses with the rental, Insurance of the properties and workers, and wages of all Namaste employees.
Do you get it? No? Let's go Little bit further, there is $24 million revenue , first 8 million covers wages of the Board of Directors and and employees. Remaining $16million to make as revenue cost less so the same time profit and margins will skyrocket.
If you read this post carefully it explains why your father after talking to you ,would punch your mom
That explain he couldn't accept having an idiot son.