Back in Sept it was determined that 1.7 mil in rev
Post# of 355
Posted On: 12/17/2016 1:35:11 PM
Back in Sept it was determined that 1.7 mil in rev would cover expenses. Now we can boost rev to 4 mil based on Nov numbers just released.
SGBY is now bringing in 10,000 a day in revenue and there is no logical way their expenses exceed that IMHO !!!!
If 1.7 mil in rev will cover costs in Sept, is it not reasonable to think 4 million in rev will cover costs 60 days later....
"If we say just 1,000 accounts on the conservative side, that’s $1,731,000 in annual revenues. This will allow the company to repay its debts and cover overhead."
https://www.insiderfinancial.com/a-closer-loo...by/117062/
"Bend, Oregon, Dec. 08, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTCQB: SGBY) the market leader in cannabis quality control testing and laboratory services announced today that the company achieved record sales growth for the second month in a row. The November 2016 revenues exceeded the record setting cash flow announced last month by over 50%.
CEO William Waldrop stated, "In conjunction with the new Oregon regulatory environment and the fall cannabis harvest, we are continuing to see increased testing revenues for our EVIO Labs Division. For the month of November, the company set another record month generating over $345,000 in revenue.” These revenue numbers are preliminary and have not yet been audited or reported in accordance with GAAP standards."
https://globenewswire.com/news-release/2016/1...ember.html
SGBY is now bringing in 10,000 a day in revenue and there is no logical way their expenses exceed that IMHO !!!!
If 1.7 mil in rev will cover costs in Sept, is it not reasonable to think 4 million in rev will cover costs 60 days later....
"If we say just 1,000 accounts on the conservative side, that’s $1,731,000 in annual revenues. This will allow the company to repay its debts and cover overhead."
https://www.insiderfinancial.com/a-closer-loo...by/117062/
"Bend, Oregon, Dec. 08, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTCQB: SGBY) the market leader in cannabis quality control testing and laboratory services announced today that the company achieved record sales growth for the second month in a row. The November 2016 revenues exceeded the record setting cash flow announced last month by over 50%.
CEO William Waldrop stated, "In conjunction with the new Oregon regulatory environment and the fall cannabis harvest, we are continuing to see increased testing revenues for our EVIO Labs Division. For the month of November, the company set another record month generating over $345,000 in revenue.” These revenue numbers are preliminary and have not yet been audited or reported in accordance with GAAP standards."
https://globenewswire.com/news-release/2016/1...ember.html
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