Great Financials ...and Accounting 101!In spite of a concerted effort by a few to paint these financials as "brutal" that is far, far from the reality. While I am no accountant it is important to recognize that in the accounting world there are very specific nuances that shape financials which to the casual observer (day traders and shorters included) could be painted as doom and gloom.
For example the issuances of shares in the absence of cash in acquisitions can result in a negative on paper that has no reality in the operational successes of the company. But the timing of such acquisitions as it relates to the sp at the time of acquisition can have very different accounting impacts.
The bottom line includes the following:
* as predicted the company came in with great revenues exceeding $20 million (first year of operation)
* with annual financials, the losses and/or profits, on a quarterly basis, are now part of the sum
* it costs money (a significant sum) to move from a private entity to a public company (this is a one of)
* it costs money to start a company ...inventory, wages, etc
* the acquisition of GoStop, regardless of its true value, was expensive (see the second point)
* testing continues to grow month to month over the last few months (Q1 2022 financials soon)
In the end, NO COMPANY begins taking in revenues without already being in debt first. There are MANY companies who essentially have no balance sheet, have outstanding shares far larger than ScreenPro, have no forseeable revenue stream ...and yet have a sp that is much higher. Based on those facts alone and some basic market metrics in assessing the value of a company, there is no rational reason for ScreenPro to have a sp less than $.25.
On another day of bleeding SCRN held its own. While it may not happen there is no rational reson to expect anything less tomorrow.
GLTE!!!