HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

RE:HEXO 2021 Q2 QTR Report - Highlights

[mydogchach]

quinlash - (5/22/2021 10:35:43 AM)
HEXO 2021 Q2 QTR Report - Highlights
HEXO is expected to report 2021 Q3 Numbers on, or around, June 14th

Key Financial & Operating Highlights

• Total net revenue increased to $32.8M, up 94% from the prior year quarter (“2Q20”) and 12% from the first quarter of fiscal 2021 ended October 31, 2021 (“1Q21”).

So queer - in the above post you use the same quarterly revenue figure that I did $ 32.8 million.
But when you did your incorrect annual sales estiamte, you used $45.6 million x 4, which I said was misleading and wrong. I guess you now agree that you were wrong.
In other words, you over-reported their revenue by about $ 13 million x 4 = $ 52 million - plus you used the same incorrect calculation for the other 2 companies.

You're either an outright liar, or a misleading pumptard - but regardless, your research and posts are incorrect and you do a dis-service to your fellow posters. 


mydogchach - (5/21/2021 8:53:12 PM)
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