Bullboard - Stock Discussion Forum RYU Apparel Inc V.RYU.H

Alternate Symbol(s): RYPPF

RYU Apparel Inc. is a Canada-based urban athletic apparel brand, which is engaged in the development, marketing and distribution of apparel, bags and accessories. The Company’s products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company’s products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia... see more

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TSXV:RYU.H - Post Discussion

RYU Apparel Inc > Financial report?

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Post by SuperMoney on Apr 15, 2019 4:21am

Financial report?

The following is the 2017 year end financial results:

https://web.tmxmoney.com/article.php?newsid=7341006500660646&qm_symbol=RYU

Based on the above Q4-2017 financial report, the revenue for the year ended December 31, 2017 was $3,019,586 and the gross profit for the year ended December 31, 2017 was $1,382,293.

The following is the Q3-2018 financial results:

https://web.tmxmoney.com/article.php?newsid=7662829093868339&qm_symbol=RYU

Based on the above Q3-2018 financial report, the revenue in the first nine months of 2018 was $3,274,011, 77% higher than the same period in 2017 and the gross profit in the first nine months of 2018 was $1,734,126, 53% higher than the same period in 2017.

If we assume that the revenue and the gross profit for the last quarter of 2018 are the same as the third quarter of 2018, i.e. the revenue for the last quarter of 2018 is assumed as $1,223,524 and the gross profit for the last quarter of 2018 is $710,545, then the total revenue for 2018 would be $3,274,011+$1,223,524=$4,497,535, which will be 49% higher than 2017. The gross profit for 2018 would be $1,734,126+$710,545=$2,444,671, which will be 77% higher than 2017.

Of course, the last quarter of 2018 was a holiday season and so the sales should be the hughest of the year. So, the above estimates for the Q4-2018 could be much better.

Disclaimer/Warning: the above are only my opinion/assumptions that could be totally wrong. It is NOT any investment advice. Do your own DD.

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Comment by had2chimeIN on Apr 15, 2019 10:54am

@Admin I think this guy is a bot. He keeps puking out the same meaningless garbage. REMEMBER FOLKS, THEY SPENT MILLLLLLIONS OPENING THE NEW STORES IN 2018. OF COURSE THE SALES ARE HIGHER! THEY STILL AREN'T CLOSE TO BEING IN THE BLACK!.

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Comment by gardy on Apr 17, 2019 2:43pm

So the question is, where are the 4th quarter, year end financials for 2018. It's been 41/2 months since the release of the 3rd quarter. they are at least 6 weeks late based on their history of releasing financials approx. 2 months after the quarter. What's the holdup? Gardy

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Comment by Alpha31 on Apr 17, 2019 3:18pm

Q4 being their annual report and fiscal year end, they have 120 days beginning on Jan 1 to file their annual FS and MD&A. Extra time is allowed due to the requirement of a full external audit which can take awhile. Quarterly filings have to be filed within 60 days after the end of the period as there is no audit requirements. Should be available on SEDAR before or on April 30th.

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