Post by
Swingzup1 on Nov 30, 2020 10:27pm
Simple dot connecting.....
So revenue as everyone can see wasn't as eye popping and net loss was up(which i predicted in previous post) but this quarter was one of growth and efficiency. Ill explain, they cut a lot of contracts( food delivery)and most have noted by seeing there app. Those contracts added to the revenue but operated at a loss. This quarter showed revenue growth with those contracts not contributing as much or at all, which is indication that there new business model and contracts can make up for the loss of the food delivery revenue but with greater profit margins. The proof of this is in the YOY net loss reduction and the profitable month of October. Now in regards to higher net loss, that is due to expansion into ontario. This quarter included the expenses of the initial launch into ontario but with none of the revenue. But proof is in the pudding that the spending was the right choice by the fact that October was first profitable month in company history. The company released this info and will release November info to show investors that yes q3 wasn't as pretty as q1 and q2 but necessary for what is to come and October is proof of what is to come.........GLTA and never invest past ur comfort. Know the difference between a trade and a investment. Always act accordingly.
Comment by
SmartmoneyBog on Dec 01, 2020 12:57pm
Hopefully we don't drop off much further then these levels. Must say, this is very frustrating!! Im guessing the news on November should be more promising.