Financials - first pass Hi all.
First glance through financials but thought we might have a discussion about it if people are interested.
When you look at the top line, and the gross profit, it sounds promising from the press release, but when you look deeper on SEDAR the positive revenue of a round 5 million sounds promising, but the SG&A, came in it, almost the same, and when you account for the other expenses, there was an actual lossof 4,074,857
Also, if you look at the statement of cash flows, there was an increase
So if you look under section 5 under the distribution of revenues, there was an overall decrease in the preceding nine months 23 million down to 15 million , and in the past three months, your own year, 9 million down to 5 million
So on deeper review there was an increase with PUREVAP, everything else had a significant decline such as DROSRITETM 71,431 from1,983,524 yoy over the past three months
Bottom line,while , the company does note the increasing revenues on the one hand, it seems to be cherry, picking since the overall revenue is decreasing, and there is a net loss.
It seems the sales aren't sustainable and declining across most segments
Thoughts
Thoughts