That break even should read operating break even
More like profit from operating activities instead of NP gauged over a yearly figure.
I’m just working on a daily basis for now. For those break even numbers. Should read operating activities break even figure.
But does makes sense closer to 46.5k break even right now if you factor the end of year all in costs/expenses into the picture. (depreciation, amortisation and impairment etc.)
But there are some more cost savings to come and possibly higher margins as well like the Cannabis and CBD. And there was that 1.5m other income item as well.
Difficult to factor them all in till the end of the year.
But note also those reductions have filtered through in the past Q1 in a declining process.
So expect some kind of statement like operating expenses have reduced xx% from the beginning of Q1 to end of Q1 or from end of Q4 to end of Q1.
Then the US $375,000 approx operating costs kicks in at start of q2 assuming no further reductions have been introduced.
Not investment advice, do your own research, and consult a licensed adviser
EN1 Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
