RE:Wow on Revenue and no Debt!GoldenArm wrote: Excellent! They did 22.5M for 2020 and in the first quarter they are at 12.2M which is an increase of 317%. Their Gross margins for all of 2020 was 6.4M and they are already up 3.3M in one quarter.
The large increase can be due to completion and billing of a large job, but shouldn't new contracts keep pace with billings? Yes, it can take several quarters or more than a year to complete a job but without feeding the beast quarterly to replenish work completed there has to be a big dip somewhere down the road. Think about it: revenue for the quarter $12.2 million, new contracts $3.6 million. Is exercising of warrants rolled into revenue which will not be ongoing? Just asking for input or correction of warped logic, not bashing.