RE:FYIFYI
YoY revenue increased $905,542 from 2022-2023 while Ted was CEO.
That is the largest revenue increase YoY in the company’s history. This is also in part to our BOD & strategic partnership with Blaze.
Q3 2022 was Tinley’s highest reported quarterly earnings at $418,987, until Q4 2022 with a QoQ increase to $660,312, then a slight decline in Q1 2023 to $557,091.
Then boom, highest quarterly earnings to date in Q2 2023 at $780,108, followed by a slight decline in Q3 2023 to $625,444, which is still Tinley’s 3rd highest quarterly earnings in history.
All of this occurred while transitioning from the LBF to Blaze facility. While Teddy was ceo, not to mention the significant decline in G&A expenses & increase in positive gross margins, the company stated profitability is possible sometime in 2024. Tinley is not known for financial guidance so it is notable.
Lots of criticism towards Teddy but he improved all business metrics with the help of our new BOD…
He stepped down willingly.
He’s not suing Tinley for bonus shares like Jeff.
No qualms against Jeff, but he never differed his salary, even though differing salary is only a pause until the company is in a better financial position, it is still commendable.
Teddy left the company in the hands of arguably the most qualified beverage professional in this entire sector, especially for a micro-cap!
Tinley’s in the best position ever right now, from a business standpoint & regulatory standpoint.
The company is focusing with a new CEO, & BOD with share-based incentive.