Had to step away from this little puppy for a whil
Post# of 96879
Posted On: 12/03/2016 1:30:13 PM
Had to step away from this little puppy for a while, but I just took a look at the last financials and observed something that I have been concerned about. Payroll expenses have gone down from $648998 (9/30/2015) to $198000 (9/30 2016). How many employees do we have???
Also we have not improved are Cost of Goods Sold. Really takes a bite out of our gross profit.
Without some dynamic news of cash infusion or buyout we need a substantial increase in revenue to increase PPS.
Last quarter revenue was stagnant. I don't see anything that would substantially raise this quarters revenue. Nothing tells me the first quarter of 2017 will be any different. So at best we are looking at second quarter of 2017 which won't be reported until August of 2017. I guess more patience is in order.
Also we have not improved are Cost of Goods Sold. Really takes a bite out of our gross profit.
Without some dynamic news of cash infusion or buyout we need a substantial increase in revenue to increase PPS.
Last quarter revenue was stagnant. I don't see anything that would substantially raise this quarters revenue. Nothing tells me the first quarter of 2017 will be any different. So at best we are looking at second quarter of 2017 which won't be reported until August of 2017. I guess more patience is in order.
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(1)Nanotech Entertainment Inc. (NTEK) Stock Research Links
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