Post by
Rancher on Dec 29, 2022 6:39pm
DVN is a Wreck in Progress
Cost of Sales is way too high and doesn't make sense when compared to the year before. I'd like to know what they buried in the cost of sales. Expenses are far too high. I know they're growing but they are not growing profitably. I hate to say it but we're going to experience lots of dilution. Hope I can get close to break even and bail.
Comment by
lscfa on Dec 29, 2022 8:11pm
The cost of DSL equipment is included in inventory. So the co. is expensing the entire cost of this equipment when it is installed in stores even though the company recoups this cost in the monthly platform fee over 3 to 5 years.
Comment by
Rancher on Dec 30, 2022 2:27pm
Then they should be amortizing or acruuing the expense based on the how the revenue arrives for the equipment cost. Imo