Profit is revenue minus expenses. Pie's argument is they're only report revenue, not profit. You can have all the revenue in the world but if it's not covering expenses then you're unprofitable. Being debt free is another discussion, that just means they're not servicing loans.
Their day to day operations (opex) may incur expenses greater than the revenue, i.e. wages, vehicle rental, gas payments, water treatment contracts etc etc.
The quarterly cashflow reports are more useful than this.
QPM Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
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