Post by
ctblizzard on Jul 16, 2017 10:05pm
Explaining Annual financial for the new folks here
Lots more people reading posts these days. In my prior posts I mention numbers for the annual financials.
I wanted to explain where I got them from.
The company's year end runs from May 1 - April 30th every year.
For the year ended April 30th 2016 the sales were approx 400k
The next year end financial are due by August 30th or so (for the year May 1, 2016-April , 30, 2017)
But we already have 3 quarters of interim financials released showing about 1.1 million in sales for the first 9 months.
So conservatively I am estimating between 1.2-1.3 million (could be a bit higher) but we know it is at least 1.1 million vs 400k last year.
Now this sounds nice, but the company spent a ton of money on promotion and nearly ran out of cash , hence the stock price fall. But if things start turning with a new plan, new cash plan those financials wont look bad with the boost in sales.