So, leaving aside all the other expenses, Just
15,355,113 (revenue) -
13,234,149 (Direct costs) =
2,120,964 = 13.8% margin
Then the seller fees eat a staggering 10.5% (1,615,363) of the gross, leaving the company with 3.3% profit with which to pay all their expenses and make money.
It's clearly not sustainable as a business model, and the only people it's making rich are the selling platforms.
And the way management have been spinning out the news and announcements while these numbers have been brewing in the background is atrocious in my opinion.
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So, leaving aside all the other expenses, Just 15,355,113...
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