RE:I remember tamaracktop wrote: I remember asking Kurt during consecutive webinars what the company's revenues per employee was. The last time it was $340,000, and Kurt said his goal was $500,000 per employee. They're nowhere near that. They're going backwards. To my mind $52 million in sales and administration expenses is unacceptable. 42% of last year's revenues lopped off. How much are they paying people? I should get a job there.
Some people may have misread my point here, which isn't surprising because I didn't convey it very well at all.
My point was that Xebec has plenty of fat to trim, and that any resultant savings would/will go straight to the bottom line.
Greenlane, as an obvious comparison, reported 2021 revenues of $55.35 million and SG&A expenses of $13.98 million. ( 25.3% of revenues)
If Xebec had the same expense ratios as Greenlane, it would have reported an operating loss of $3 million instead of $24 million on 2021.