VIBE Q3 Disappoints AGAIN - Putting Lipstick on a PigAnother poor quarterly report from VIBE:
- revenue continues to decline even with the addition of new stores
- Q3 revenue down ~28% compared to same period last year
- Q3 revenue (which includes sales from new stores) down 3.6% compared to Q2
- net Q3 loss increases to $1.1M compared to $926K for same period last year
- black market in California continues to steal revenue, no end in sight
- trading volume is non-existant, have investors given up on this stock ?
- no analysts covering this stock, Beacon (Doug Cooper) has stopped updates/opinions
- stock price is retracing to 52-week low of $0.125
- recessionary pressures and tax loss selling will be headwinds to the stock price
- investors should see a new 52-week low before YE or in early 2023
Dumpster and the False Prophet will continue to try and put lipstick on this pig but the financial facts don't lie.
VCAN 2.0