RE:RE:RE:RE:Promoters I don't know if you don't get the nuances of how finacials can be distorted or you are just avoiding this , suffering from confirmation bias or just biased.
Let's go over this.
Melida said:
"One final comment. In Q3 Pyro did a very good job of getting its costs down without negatively effecting operations. And it has gotten its gross margin back over 40%. That's a fact and that's significant."
I stand by this comment. Why wouldn't I? I'm not contradicting myself. Not on the least.
The financials confirm that costs have been reduced and the gross margin is over 40%. Pick away at how and why but the financial summary, included in the Q3 financials, does that for us. If you need more information as to whether these cost reductions are sustainable or whether the gross margin will be maintained in future quarters I will refer you again to management. One time measures that reduce costs are not the least bit unusual
Melida This simple isn't true , as Ininderstand the finacials
By excluding the amortization, the difference in gross profit margin between 2023 and 2024 narrows significantly. Originally, with amortization included, the gross profit margin appeared to have improved by approximately 12 percentage points from 2023 to 2024 (29.83% to 41.79%).
However, after excluding amortization:
- The adjusted gross profit margin for 2023 rises from 29.83% to 35.82%.
- The adjusted gross profit margin for 2024 is 42.20%.
This narrows the difference to roughly 6.4 percentage points instead of 12. This analysis shows that nearly half of the perceived improvement in gross profit margin from 2023 to 2024 was due to the lower amortization cost in 2024 rather than other operational improvements.
We also don't know the nature of the cost reductions and whether this as well is a one time event
At the end of the day-to me there is no indication the business operations have improved, I see this as a distortion, and the balance sheet deterioration, ongoing losses, negative working capital, and further impairment in shareholder equity all support this.
And hey, the market seems to agree as the stock is down over 90% and continues to break=k down