RE:thoughts and opinions on achieving profitability in Q2Some supporting information about gross profit margins over the past seven years -- for $103.5M in revenue, an average gross profit margin of 62.92%.
Q or Year | Revenue | Cost of Sales | Margin |
| | | |
Q1 2022 | $ 5,030,657 | $ 2,279,528 | 54.69% |
| | | |
2021 | $ 11,318,689 | $ 4,849,118 | 57.16% |
2020 | $ 13,652,985 | $ 4,395,886 | 67.80% |
2019 | $ 21,171,159 | $ 8,844,357 | 58.22% |
2018 | $ 13,590,516 | $ 5,524,696 | 59.35% |
2017 | $ 14,018,750 | $ 4,772,680 | 65.96% |
2016 | $ 14,331,191 | $ 4,521,502 | 68.45% |
2015 | $ 10,457,125 | $ 3,213,290 | 69.27% |
| | | |
Total / Avg. | $ 103,571,072 | $ 38,401,057 | 62.92% |