Yeah, that is an impressive gross profit margin th
Post# of 7791
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Posted On: 05/17/2022 9:49:32 AM
Yeah, that is an impressive gross profit margin that I was very happy (and surprised) to see.
Cost of goods sold: 22%! Don't recall previous numbers but wondering if we now have better (lower) manufacturing cost. That CGS is much lower than I expected. My background is accounting and I always look at CGS percentage. That difference between CGS and the sales price is the starting point and basis for your company showing eventual profit. Other expenses, as general, administrative, etc can be management controlled. But being profitable, all starts with GROSS PROFIT and that starts with CGS.
So with that said, IMO we are heading in the right direction and just need to aggressively concentrate on SALES. Because with these very impressive margins, any major increase in sales will be very positively reflected in PROFIT. And PROFIT is what it is ALL about -- for moving the stock price and our investments.
Cost of goods sold: 22%! Don't recall previous numbers but wondering if we now have better (lower) manufacturing cost. That CGS is much lower than I expected. My background is accounting and I always look at CGS percentage. That difference between CGS and the sales price is the starting point and basis for your company showing eventual profit. Other expenses, as general, administrative, etc can be management controlled. But being profitable, all starts with GROSS PROFIT and that starts with CGS.
So with that said, IMO we are heading in the right direction and just need to aggressively concentrate on SALES. Because with these very impressive margins, any major increase in sales will be very positively reflected in PROFIT. And PROFIT is what it is ALL about -- for moving the stock price and our investments.
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