Lets say their gross margin is 50% which is about normal for the last two financial years:
$22mill of revenue gives $11mill gross profit.
Last years expenses alone were USD$18million not including the gain on disposal of assets.
That would still have an extremely high net loss for the year, and that doesn't take into account any inflationary increases in expenses.
Lets say their gross margin is 50% which is about normal for the...
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