RE:RE:RE:RE:RE:re: ' Thank me later' ?.......I HAVE BEEN F***** SCREAMING "Is there guidance in that barrage of nonspecific verbage? If there is I must have missed it. FYI guidance is a specific number either revenue or earnings over a specific period. So not guidance just the usual Gilles BS."
CZO has never provided a specific numerical guidance for a given quarter in its history. With Q2 complete, at the AGM, Gilles described what has happened in the first half of 2023 as "a little bit of a glitch". Gilles further said it is a matter of "timing" and that "we are very confident that we will experience another solid year and beyond". CZO is further holding a record $5.14 million in inventory on stand-by and you know the gross margin. Lastly, CZO's news release said "sales lag by one quarter". If sales are lagging last year by one quarter you can work out the number it needs in Q3 for sales to be lagging last year by one quarter. It's simple math.
CZO news release; Aug 29, 2023:
"- $5.5 million first six-month 2023 sales vs. $11.7 million for the same period in 2022; sales lagging by one quarter due to stocking campaign by one major customer in 2022 and further Marketplace reorganization"
"...sales from the base business are trailing by one quarter for the first half of 2023 as compared to the previous all-time record period last year"
“Despite a slower start to the year, our business remains solid, and we expect the reordering pattern from one major customer to resume shortly.
With Q2 Complete: June 6, 2023 AGM Notes:
Gilles, "So at the end of the day we are really, really we are poised for growth. We have a fantastic team in place. We have a healthy balance sheet We have great financials. We have built a profitable company despite a little bit of a glitch for the first half of this year; but we are confident that the re-ordering pattern in our base business will get back to normal. It's a question...our base business is not in danger. It's a question of timing. So we are very confident that we will experience another solid year and beyond. We are poised for success and we will look for different ways to unlock value."