From Yahoo boardEdward responded to someone on facebook about the Q2 result
"Some financial metrics for your evaluation my CFO prepared:
We are working to sell higher margin products as last quarter we moved from selling low margin products to higher margin products which impacted the revenue line.
1 - a lack of expected sales growth came mainly from ONE division (Bahamas) due to our strategic repositioning of resources towards new initiatives to be launched in Q4'21;
2 - all segments (except Hardware and MD) showed IMPROVED Sales, which is a good sign;
3 - Margins are healthy and improving: margins before inventory adjustments are "true" margins, inventory adjustments are simply our way of positioning ourselves against any future losses of inventory for the next 12 mo.; it is a purposeful strategic decision and the inventory write-downs (which are mainly provisions for slow moving inventory) will only improve now with each quarter;
4 - Opex composition of spend has changed dramatically - yes we are spending, but we are spending on different things now: there is a significant push to spend on Selling and Marketing for strategically chosen areas, which is absolutely necessary to grow revenues in the future, and yes, we are not cutting these costs to achieve short-term gains, we are investing in the long-term results!!
We are making all the steps necessary to produce LONG-term results as we are not chasing SHORT-term easy quick fixes."