The announcement states that McArthur Skincare has turned over approx. $23 million since it started in 2010, probably the main reason SKN purchased it.
So 2017-2010 = 7 years.
$23 million divided by 7 = $3,285,714.29 in sales per year.
Then divided by 4 (to get into a trading quarter), you get $821,428.57 in sales per quarter.
Yes, I understand sales would not have stayed the same each year (from year 1 to year 7)… this does not change the picture we are looking at here.
SKN rebraned McArthur as Papaya Activs….
So, SKN has McArthur / Papaya Activs business, Soleo Sunscreen, Invishield, etc, etc, etc and sales to customers last quarter were only $47,000…. Forget everything except McArthur / Papaya Activs, what on earth happened to the sales of papaya products???….sales declined 94% compared to the 7 year quarterly average before SKN purchased this business.. How did SKN destroy this business in 4 years……
There are simply too many things about SKN that do not make sense.
SKN Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held
