RE:RE:Q2 resultsI really don’t know the answer to your question.
I am simply looking at the numbers. Revenue for the quarter was only 800K, but loss was only 100K.
I remember last year we were looking at Quarterly revenue having to be around 2 million to break even. Looks like management has tightened their belts and become a little more efficient. That magic break even amount of revenue per quarter should be quite a bit lower.
I am still confused as to why sales were increasing nicely just before the pandemic but have not rebounded. Maybe something I don’t know or customers are holding off for another reason.
Despite how disappointed I am about the lack of sales, you got to give credit where credit is due. They have made it through the pandemic without having to borrow to stay afloat, and still have cash on hand.
In any event, the CEO is confident of a return to profitability in fiscal 2023. If we get a better than expected increase in sales here in the 2nd half of fiscal 2022, we may get a pleasant surprise.
Don’t get me wrong, I’m not expecting this stock to be 10 bucks next week, but the SP will certainly gap up as soon as the company reports positive earnings.
GLTA