Very Good Food Company Inc VGFCQ

Glass half empty, glass half full

[PhDtrader]

Glass half empty: Very is burning cash, revenue to market cap is 1:16 based on financials, and revenue growth is not impressive (50% year over year Q3). This is based on the recent audited financial statement up to Sept 30. Fundamentals look really bad. 

Glass half full: Very is spending wisely and positioned to scale its retail presence massively, revenue to market cap is 1:7 and revenue growth is set to be 450% or greater for Q4. The glass half full perspective is based on the statement that VERY grossed $1.5 in October (an unaudited statement suggesting a $6million Quarter is underway), and although Q3 growth was slow, this reflect a shift from e-commerce to retail. This shift is less profitable, but obviously necessary to make use of the massive production capacities coming on line. 

Expect volatility - this stock is a roller coaster - and consider all angles. GLTA.