3rd Quarter 10-Q will be filed with the SEC by 12/15/2020 3rd Quarter 10-Q will be filed with the SEC soon, by 12/15/2020.
The company changed its fiscal year with the acquisition of Simply mac moving it to start on Feb 1. With that change the month of January, 2020, is stand alone on the financials. That gives us a look at pre-covid numbers....
January 2020 Sales were $5,285,000 which would assuming all months are equal would roughly equal $15,855,000 quarterly or $63,420,000 annually.
Q1 Sales were $13,943,000 which assuming all months are equal would be a $1,912,000 (12%) decline in sales
Q2 Sales were $17,650,000 which assuming all months are equal would be a $1,795,000 (11%) increase in sales
If Q3 sales are in the same range as Q1 & Q2 that will show 3 quarter sales of $46,593,00 which makes annual sales easily $60,000,000 possibly closer to $70,000,000.
But Covid is making retail complicated so...
The company has relocated some it stores at end of lease taking advantage of better rates due to landlords struggling to keep store fronts rented due to Covid.
I also believe they have opened a new store making 43 total locations.
The company will be voting today...
""To ratify the selection of Kaufman, Rossin & Co. as the Company’s independent registered public accounting firm for the fiscal year ending January 30, 2021""
Which means I would assume that starting 1st quarter 2021 all financials will be audited and at least to me is a big deal.