RE:Some Reality for the Lying Lhamarandomtask wrote: Ready for some maths, kiddo?
Fun fact, Namaste in Q1 actaully had negative gross profit since they only could apply 8% of their revenue to expenses but they had a $624,361 inventorty write down (they bought way too much for cyber weekend and it went bad - terrible management for a company that pretends to have "AI"). Ultimately they had negatiive $170k to apply to expenses.
All information from Q1 Interim Financials and MD&A released on April 28, 2021
Gross Revenue - $5,514,735
Gross Profit - 8%
Gross Profit - $454,049
Expenses (not related to cost of goods at all, totally separate line) - $6,564,746
Revs to breakeven at Q1 = $6,546,746 / 8%
Revs to breakeven at Q1 = $82.1M
Revs in Q1 - $5.5M
They only need three years worth of their current revenue but every quarter to breakeven and the lying lhama somehow thinks they will be profitable this year... Absolutely 0% chance they get anywhere near breakeven in 2021. Their only hope was Labs but they've lied about that just like they lied about dilution - which is also coming this fall :)
Teens coming this week
whisky11: Randomtask you repeatedly call me
"Lying Lhama" this is an insult, stop doing it, you human garbage