THCZ financial figures: I looked back at HotS

THCZ financial figures:

I looked back at HotStocked's criticism of THCZ, and it looks like their biggest concern was THCZ's last financial report. Their figures showed THCZ has having:

Cash - $523 thousand
Current Assets - $724 thousand
Current Liabilities – $1.2 million
Quarterly Revenue – $68 thosuand
Quarterly Gross profit – $21 thousand
Quarterly Net loss - $345 thousand

I believe THCZ said, in their own statement, that the revenues from the current production line were $69 thousand, and that they were predicting revenues of $700 thousand from the next production runs. And that was before the released the new low-calorie flavor.

If you apply the new numbers to the old numbers, I think the old numbers are no longer a concern. The revenue increase would be 10 fold, the net loss would significantly decrease, and the liabilities could be pared down if THCZ choose to tackle those (although I think that it is wiser for them to invest the profits back into marketing and production than worry about liabilities at this point). The numbers all seem within acceptable limits for a start up that is only a few months into its lifespan.

I can't wait for the next revenue update!