Q1 Financials Tweet Released Look at SCRN as a start up, they are building, so of course there will be losses at first. With the recent financial results that people are bashing, lets look at the facts here:
They have built their revenue up to $21 Million, their Covid testing business is doing well, especially as COVID within our communities is here to stay for now, and testing is a way of life. This will only pick up momentum and revenue will continue to increase.
The losses/liabilities cost on the financials were mainly due to RTO, which was a 1 time occurrence. Their cash flow decreased because they took their cash and purchase over a million in COVID inventory/equipment/lab supplies, etc to equip them for business which is booming. This will only advance them further in a successful COVID testing business.
SCRN released a tweet saying Q1 FINANCIALS will be released end of may….Moving forward to Q1, this quarter will be all about revenue and less about losses/liabilities….Looking forward to more success of a company with tremendous potential.
https://twitter.com/TheScreenpro/status/1522230992676732929