Stated by $CRWG Founder & CEO Sanjay Sabnani on th
Post# of 886
Posted On: 08/06/2015 10:19:52 AM
Stated by $CRWG Founder & CEO Sanjay Sabnani on the 3Q Earnings:
"We are pleased to report a record revenue quarter. Our pivot into the gaming space was a focused attempt to regain sales momentum and leverage. We are excited to share results that we believe show our strategy is working. While we still face challenges when it comes to procuring additional financing, we believe that having growth in sales and gross profit should help. While our transition into gaming through the merger with Plaor has changed the composition of our cost structure, with a higher cost of revenue for platform fees as well as increased payroll and advertising expenses as compared to our forum business, we believe that continued growth in revenues from gaming will offset and leverage these higher expenses as we achieve scale."
"We are pleased to report a record revenue quarter. Our pivot into the gaming space was a focused attempt to regain sales momentum and leverage. We are excited to share results that we believe show our strategy is working. While we still face challenges when it comes to procuring additional financing, we believe that having growth in sales and gross profit should help. While our transition into gaming through the merger with Plaor has changed the composition of our cost structure, with a higher cost of revenue for platform fees as well as increased payroll and advertising expenses as compared to our forum business, we believe that continued growth in revenues from gaming will offset and leverage these higher expenses as we achieve scale."
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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