Post by
PortlandBlazer on Jan 09, 2022 11:09pm
Just the facts, ma'am just the facts
Grab your dollar store calculator, here we go:
Calculated data:
Q3 2021 Gross Margin = 3631017 / 8011907 = 45.32%
Q3 21 revenue / Q3 20 revenue = 8011907 / 5516713 = 45.23% YoY revenue growth
Source: Page 9 of Q3 2021 MD&A filed with Securities Commission
Profit and Loss
Dec 2019 March 2020 June 2020 Sep 2020 Dec 2020 Mar 2021 June 2021 Sep 2021
Product sales $ 3,449,555 $ 4,239,582 $ 5,312,655 $ 5,765,578 $ 5,293,704 $ 5,033,314 $ 6,585,891 $ 7,564,444
Royalty and other revenue 80,044 430,722 204,078 430,086 232,751 462,141 342,810 447,463
Total Revenue 3,529,599 4,670,304 5,516,733 6,195,664 5,526,455 5,495,455 6,928,701 8,011,907
Cost of sales expense 3,557,199 2,943,478 4,223,719 4,117,730 3,866,517 3,014,833 3,799,334 4,380,890
Gross profit (loss) (27,600) 1,726,826 1,293,014 2,077,934 1,659,938 2,480,622 3,129,367 3,631,017
Expenses:
General and administration 2,866,337 2,045,274 2,190,871 2,215,419 2,037,401 2,134,017 2,743,969 3,197,464
Share based Compensation 529,177 129,579 93,697 41,517 372,876 69,050 129,888 99,789
Sales and marketing 582,280 535,026 539,028 478,724 389,288 316,123 459,913 373,205
Depreciation and amortization 601,046 568,345 230,278 239,751 235,826 224,931 223,740 484,721
Total expenses 4,578,840 3,278,224 3,053,874 2,975,411 3,035,391 2,744,121 3,557,510 4,155,179
Loss before undernoted items
Interest expense, net 668,645 551,101 547,743 350,265 833,226 429,221 455,414 519,713
Transaction costs 270,568 - 41,051 127 19,986 34,620 51,920 248,349
(Gain) loss on disposal of assets 94,187 7,822 310,017 (10,139) (14,529) - 6,233 -
Loss on impairment 18,735,818 - - - - - - -
Other (income) loss 37,842 (28,439) (9,781) 70,249 (102,813) 84,466 3,647 12,453
(Gain) loss on debt modification - - - - - 172,956 - -
(Gain) loss on debt extinguishment - - - - - 88,079 - -
(Gain) loss on changes in fair value of
w arrant liability 44 - - - - 2,974,493 (1,689,283) (2,377,547)
(Gain) loss on change in fair value of derivative liablities (247,618) (278,141)
Loss on change in fair value of liabilities 95,215 - - 565,328 356,809 - - -
(Loss) income before income taxes (24,508,759) (2,081,882) (2,649,890) (1,873,307) (2,468,132) (4,047,334) 991,544 1,351,011
Income tax expense 796,537 358,284 304,932 848,379 (555,996) 275,000 542,445 600,650
Net (loss) income from continuing operations (25,305,296) (2,440,166) (2,954,822) (2,721,686) (1,912,136) (4,322,334) 449,099 750,361
Net loss from discontinued operations (13,454,438) - - - - - - -
Net (loss) income (38,759,734) (2,440,166) (2,954,822) (2,721,686) (1,912,136) (4,322,334) 449,099 750,361
Other comprehensive loss 125,930 - - - - - 449,099 39,377
Comprehensive (loss) income (38,633,804) (2,440,166) (2,954,822) (2,721,686) (1,912,136) (4,322,334) 898,198 789,738
Basic and diluted loss per share (1.09) (0.07) (0.08) (0.00) (0.05) (0.09) 0.02 0.01
Weighted average number of common
shares outstanding 35,503,527 37,386,524 37,469,164 38,322,637 38,795,543 48,591,756 57,956,291 59,237,024