GREY:XEBEQ - Post by User
Comment by
AlwaysLong683on Sep 18, 2022 9:10pm
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Post# 34970357
RE:XBC vs. GRN
RE:XBC vs. GRNAlwaysLong683 wrote:
XBC:
closing share price: 0.57
52W Low - High 0.56 - 4.01
Market Cap: 88M
GRN:
closing share price: 0.71
52W Low - High 0.60 - 1.73
Market Cap: 107M
(source: TMX Money)
GRN has passed XBC in both share price and market cap. Why is this?
Check out GRN's Financial Statements vs. XBC's Financial Statements as at June 30, 2022.
GRN's balance sheet appears to be in better shape than XBC's.
GRN's income statement (firgures expressed in thousands of dollars) shows $18M in revenues and $3.9M gross profit for the quater ended June 30 .
XBC's income statement (figures appear to be expressed in total dollars, not in thousands of dollars) shows $44,501 in Revenues (including Government Grants) and a gross margin of only $1,756.....is this correct...?....they only had $43,885 in total sales plus $616 in Government Grants for the three month period ending June 30, 2022..? Thought they generated much more in sales than that.....?
I believe XBC bulls were claiming that the company was superior to GRN, but from the looks of it, GRN seems to be doing much better so far.