1. WP revenue = 700.7k
2. Booking.com revenue = 2.7k
3. Corona revenue = 0
4. Negative Gross Margin = -349.5k or about -50%. So for each $1 of revenue, it cost them $1.50 to make it. There's a winning formula, imo. Hint: sarcasm
5. Sales & Marketing = 5,449k.
6. To generate $703.4k revenue, they spent about $6,500k in making the product/service plus marketing it. Wow.
Do they teach this business model at INSEAD?
If you read the, imo "flowery" announcement preceding the actual report, then it is hard to believe the announcement is for the same company as the Annual Report.
The announcement also states: "launch of Corona cloud... culminating in first sales". Did they use the barter system and financial reporting standards are unable to account for beads/shells/blankets?
imo, in a person this would be called "multiple personality disorder". Is there a similar term for a company?
NOR Price at posting:
2.2¢ Sentiment: Sell Disclosure: Held
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