Posted On: 10/03/2016 2:13:35 PM
Post# of 75043
Re: the wise one #26188
For a little perspective and to add clarity to the 120% sales growth in the 4th Qtr. FY 2016 I took a close look at the financials from the 3rd Qtr. FY 2015 ( that's the Qtr. the drinks were launched) all the way to the present financials listed in the 10-12G/A which are the audited financials for FY 2016. This was not an easy task as not all quarters were broken out and I had to do a little math to come up with the chart below.
3rd Qtr . FY 2015 $ 68,382.10
4th Qtr. FY 2015 $ 421,467.00
1st Qtr. FY 2016 $ 276,571.00
2nd Qtr. FY 2016 $ 313,116.00
3rd Qtr. FY 2016 $ 157,138.00
4th Qtr. FY 2016 $ 328,651.00
These numbers reflect, as best as can be determined, the quarterly sales since the product launch. While there was, indeed, a quarter-to-quarter 110% increase in sales in the 4th Qtr. FY 2016, it came on the heels of a 50% drop during the prior quarter. I am uncertain whether the increase can be attributed to an increase in market or the touted summer selling season.
In any case, if the early (first 6 quarters) sales are any indicator of future performance, well...I'll let you be the judge. For myself, I am VERY interested to see the 1st Qtr. FY 2017 sales figures and how they relate to costs. Right now I can't determine if we are on a path to future success or if the company is struggling to move sales. There have been quite a few PR's about events, new products, potential financing and even a buyout, yet thus far, I don't see it reflected in growth. I would love some input here.
3rd Qtr . FY 2015 $ 68,382.10
4th Qtr. FY 2015 $ 421,467.00
1st Qtr. FY 2016 $ 276,571.00
2nd Qtr. FY 2016 $ 313,116.00
3rd Qtr. FY 2016 $ 157,138.00
4th Qtr. FY 2016 $ 328,651.00
These numbers reflect, as best as can be determined, the quarterly sales since the product launch. While there was, indeed, a quarter-to-quarter 110% increase in sales in the 4th Qtr. FY 2016, it came on the heels of a 50% drop during the prior quarter. I am uncertain whether the increase can be attributed to an increase in market or the touted summer selling season.
In any case, if the early (first 6 quarters) sales are any indicator of future performance, well...I'll let you be the judge. For myself, I am VERY interested to see the 1st Qtr. FY 2017 sales figures and how they relate to costs. Right now I can't determine if we are on a path to future success or if the company is struggling to move sales. There have been quite a few PR's about events, new products, potential financing and even a buyout, yet thus far, I don't see it reflected in growth. I would love some input here.
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