RE:RE:PowerBand Sees July Gross Revenues Climb To $2.4 MillionCo. continues to mislead readers afte being told to clarify past NRs. You can't call gross transactions gross revenue and suggest gross margin applies to this no. Gross revenue would be ~10% of gross transactions.
It is unfortunate that you are stuck several months in the past lscfa! Clearly, it is you who is now misleading people.
Yes, the company used to report "Gross Sales" or what you call "gross transactions" which represented the dollar amount of transactions through its websites and were of the order of 15 million/month when it STOPPED doing it in MAY.
Since then, it has not talked about what you call "gross transactions" and now reports "gross revenues" correctly. Read the July news release again and you will see that the 2.5 million reported are the actual revenues booked for July the company will report in their next financial report.
With all due respect,
Hen