"My concern is the Gross profit is not a profit it's a loss."
My concern is that you have SOOOOO many concerns when you have none sentiment for NUH stock and you do not hold any shares of NUH. Is your concern genuinely about the affairs of NUHEARA or you are concern that you may not be able to generate enough doubts and fears for weak hands to flee NUH shares for your own gain. Just guessing!!
NUH has large cost of sales. It is perfectly acceptable especially at this early stage of pushing a new product to the market. New start up like NUH (just a reminder, this only started in Jan 2017 about 8 months ago) will always have more initial outlays than revenue; as long as it is managed properly.
See all the good results of this recorded cost of sales.
" The company expanded its global web store presence from USD and AUD transactions to now include CAD, NZD, and GBP transactions, and further extended its online presence with the launch of a US Amazon store in June 2017. Prior to year-end Nuheara announced the first of many planned geographical retail expansions, with the introduction of leading UK distributor Maxiim and the UK retailer Dixons, and orders from major retailers in the US, including Best Buy, Brookstone, Fry’s, and Target. Channel expansion into Hearing Care Practitioners also commenced, with IQbuds™ now available at Bloom Hearing Clinics in Australia"
These are great achievements for a short 8 months. I believe for future quarters, there will not be that much marketing expenses. Even in this HC website. I use to see NUH adverts here everyday - for months. Now, you do not see it here much. If I recollect correctly, perhaps a few days in the last 2 months.
The other thing you are also SOOOOO concerned about is the 1.79mil payables. I believe this is part of manufacturing cost for the 17,000 units of lovely IQBUDS. May I remind you that NUH does have 1.125mil of inventory as part of their current asset. NUH paid for them but they got the product at hand. That is what this business is all about.
If you are still SOOOO concern about what is buried in the various items of the report, I suggest you send NUH an email with your queries and I am sure they will try their best to accommodate you if they are not SOOOOO busy building the business.
p/s Pls share with HC if you get a reply. Thank u in advance.
NUH Price at posting:
7.5¢ Sentiment: None Disclosure: Held
(20min delay)