Post by
jermiah777 on Apr 13, 2022 6:54pm
Yearly financial report
Marc Aneed very recently as of March 5th stated this on the investor update:_____________________________________________While our 2021 year-end financials will be out shortly, we maintain our guidance in the forecasted range for our investments at ~$60MM with bottom-line profitability. The 2022 ambition remains to generate $90-$110MM and, with gross margins that will stand the test of time as the teams drive growth in their respective sectors.____________________________________________think about it...the fiscal year for EWG ended Nov 31 2021. So when Mark said "we maintain our guidance of 60 mILLION with bottom line profitability", three months has ALREADY passed since the year ended for EWG. He would have had ample time to know roughly if they are out by 5 million or 7 million and announced a change to 2021's revenue. But he does not. But says " we maintain our guidance.". Clearly his entire credibility and that of the company would be ruined if financials now show something drastically different. 58 -61 million is the range the investor community is expecting. But.this should be obvious. Why? Because Belle Pulses finished the previous year 2020 with 60 million of revenue. Now granted in the agricultural business things can fluctuate depending on crops and prices of peas. So stating 60 million is reasonable. So what about the 90-110 million for 2022? Well the Mark stated the numbers in investor update March 5th, 1st quarter was already over. They would know already what Amara sold in 3 months. And now they are being sold in even more locations. So Marc said he can't wait to share how Amara is doing. And same thing for Sapientia's super snack food. And add in that they are expanding production at Belle Pulses. So it seems very reasonable that he has a very good basis to make his 2022 projection