RE:RE:RE:Will Sebastiens 400 M sales come true??Second of all, companies do report Gross Sales including sales taxes - it is a reporting requirement, howber on the very next line - they deduct the sales tax, again per regulation and GAAP accounting principle.
So while you are correct in stating that Hexo's Gross sales were $45,678 m - the full and accurate calculation, as shown on the financials is:
Gross Sales: $ 45,678,000 x 4 or $ 182.7 million for your annual calc purpose
Less Excise Taxes (12,510,000) x 4 (50.0)
Net Sales $ 33,168,000 x4 $ 132.7
Queen - if you tell people that Hexo's annual sales were $ 182.7 million - you are deliberaltey misleading them. Sales tax is in and out - Hexo simply collects and remits the tax to the government - it is not a goods or service.
Based on Hexo's last quarter then - annual sales for the current year are $ 132.7 million
In 2019, SSL stated confidently and repeatedly that guidance for the 2020 fiscal year was $400 million - including right after the Q3 financials were released - only to retract the figire 3 months later.
And now in 2021 - Hexo's sales are still under 1/3 of the way to that number - which I assumed he oulled out of AmieLame's a**.
quinlash - (5/21/2021 9:33:59 AM)
RE:RE:Will Sebastiens 400 M sales come true?? These are top-line sales, meaning sales before expenses etc, the same numbers that all companies state when they refer to their "annual sales figures".
I corrected a type-o below, original post referred to 400 Mil per QTR, sould be obvious I meant to say annual sales but corrected below for the sake of clarity. quinlash wrote:if we look at the last QTR report from HEXO, Zenabis and 48-North, add those numbers up and multiple it by 4 we can get a starting point for what the annual sales numbers will start coming in once the new acquistions are rolled up under the HEXO banner | HEXO | Zenabis | 48-North | Totals | Extended for 1 Year |
| $45,678,000 | $24,812,000 | $7,607,000 | $78,097,000 | $312,388,000 |
| $41,300,000 | $28,490,000 | $6,713,000 | $76,503,000 | |
| $36,100,000 | $30,280,000 | $10,472,000 | $76,852,000 | |
| $30,900,000 | $22,361,000 | $2,806,000 | $56,067,000 | |
At a QTR over QTR average rate of growth of 8% HEXO will require no more than 3 additional QTRs to come in over the 400 million dollars in sales annually. If the growth rate goes up due to the company expanding into new markets, the rolling out of new products or HEXO pulls in another smaller company, then the target of $400 becomes reality in less time.