Post by
Captain71 on Sep 07, 2022 10:47am
Q3
Pretty disappointed with 619K revenue. Was expecting a million as everything was opened up, but they are still blaming the Pandemic for the poor financial performance. On a positive note, loss of only 117K on such low revenue is pretty respectful.
If the CEO defines success as a return to profitability in 2023, they need to stop blaming tariffs and the pandemic and get those sales revenues up.
Expenses and margins are actually pretty good, so even getting back to the pre pandemic revenue of around 2 million a quarter should yield decent positive net income.
GLTA