INEO Tech Corp V.INEO

Q1 Sept 30 results

[Awarded]

Compared to the same quarter on yeat ago:

Sales up 61%
Cost of sales up 42%
Gross Profit up 93%
Gross margin % up 20%
Total expenses up 173%
Net loss up 206%

While sales and profit margins are going in the correct direction, better control is needed on the expenses to generate those figures.

Soon, attention must shift to the bottom line

[chrischapman256]

I imagine a majority of the increased expenses are due to their work with Prosegur, so worth the cost.