"Gross margin surged 279% from a negative margin i
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Posted On: 06/25/2017 1:12:48 PM
"Gross margin surged 279% from a negative margin in Q1 fiscal 2016 "
, "the company spent nearly half a million dollars on new equipment recently, making it possible to do all their pesticide testing in house, rather than outsourcing. The cap ex should deliver an ROI through improved margins and hastened turn-around times once the equipment is in full operation, which is anticipated by the end of the month."
"To further bolster margins, Signal Bay bought three new courier and sampling trucks. This means no more paying mileage and fuel to drivers to use their own vehicles involved in these operations."
"Looking ahead, Signal Bay plans to employ organic and inorganic strategies to maintain its steep growth curve. This means building company-owned labs from the ground up and acquiring existing cash-flowing labs. This is all part of a corporate goal to have 18 EVIO Labs operating by the end of next year, a milestone which Waldrop says that are on target to meet."
https://www.accesswire.com/465509/Signal-Bay-...sting-Labs
, "the company spent nearly half a million dollars on new equipment recently, making it possible to do all their pesticide testing in house, rather than outsourcing. The cap ex should deliver an ROI through improved margins and hastened turn-around times once the equipment is in full operation, which is anticipated by the end of the month."
"To further bolster margins, Signal Bay bought three new courier and sampling trucks. This means no more paying mileage and fuel to drivers to use their own vehicles involved in these operations."
"Looking ahead, Signal Bay plans to employ organic and inorganic strategies to maintain its steep growth curve. This means building company-owned labs from the ground up and acquiring existing cash-flowing labs. This is all part of a corporate goal to have 18 EVIO Labs operating by the end of next year, a milestone which Waldrop says that are on target to meet."
https://www.accesswire.com/465509/Signal-Bay-...sting-Labs
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