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Bullboard - Stock Discussion Forum Lifeist Wellness Inc V.LFST

Alternate Symbol(s):  LFSWF

Lifeist Wellness Inc. is a Canada-based health-tech company. The Company leverages advancements in science and technology to develop innovative products to support human wellness and transform lives. The Company's key asset is its United States biosciences subsidiary Mikra Cellular Sciences Inc. (Mikra), a biosciences and consumer wellness company focused on developing and selling products... see more

TSXV:LFST - Post Discussion

Lifeist Wellness Inc > If Namaste double revenue ,expenses marked in yellow
View:
Post by whisky11 on Apr 13, 2021 8:31am

If Namaste double revenue ,expenses marked in yellow

Won't go up hundred percent. Maybe just 20% and that will make Namaste profitable. I've seen it in my own life. When I bought Kabota tractor it cost me $40,000 to develop one piece of land.
But I sold it for 40% more than my neighbours. Now that tractor is for free I just spent money for maintenance and fill it up with the Diesel . And I still sell my land for 40% more than my neighbours.


Cost of goods sold for a company represents the direct costs and direct labor costs that are incurred in the production of goods. In other words, cost of goods sold are the costs that are directly tied to production, which can include the following:

 
  • Direct materials such as raw materials and inventory
  • Direct labor or wages for production workers
  • Costs for equipment and machinery used in production
  • Utilities such as heat and electricity for the production factory
  • Shipping costs for the products
Comment by randomtask on Apr 13, 2021 8:57am
Gross margin determines what amount of revenue you can allocate to paying expenses.  All of your drunken copy and paste means nothing and really cements that you've never in your life read or understood a financial statement. If margins stay the same and revenues double ($16M), they will have $384,000 to use against appx $6M in expenses.   To breakeven, with current margins ...more  
Comment by Namascam on Apr 13, 2021 9:08am
Inb4 "If they do 16 million in sales per quarter there will be 9 million profit" kek
Comment by whisky11 on Apr 13, 2021 9:12am
randomtask]Gross margin determines what amount of revenue you can allocate to paying expenses.  All of your drunken copy and paste means nothing and really cements that you've never in your life read or understood a financial statement. If margins stay the same and revenues double ($16M), they will have $384,000 to use against appx $6M in expenses.   To breakeven, with current ...more  
Comment by randomtask on Apr 13, 2021 9:19am
1) Please provide some sort of supporting argument to your tenfold margin increase (this is so blatantly wrong it's not even funny anymore)   2) I didn't realize that we discriminated against mental health.  Yes, i regularly see a pschologist and counsellor which helps provide clarity.  I also work with a life coach, like most professionals do.  I work out and run ...more  
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