One thing of note is the testing volumes carry a lower gross margin so revenue growth without installs keeping pace is definitely going to do that to gross profit. I don't like their compensation scheme either seems shortsighted.
Like I mentioned on that board, it's plausible that SDM's subsidizing of tests is gimping current installs more than anything. It takes some wind out of the sails of regulatory thesis bringing costs to zero for consumer boosting volumes, but could answer as to why that rate of progress slowed down as much as it has.
Initially I was intrigued by their business but after viewing the interview by small so discoveries I felt the CEO was deflecting the question by Paul Andreola of 'how should judge progress at Avricore going forward?'. So I put them into the penalty box of mine for the time being https://youtu.be/_wQB1MJMlx0
One thing of note is the testing volumes carry a lower gross margin so revenue growth without installs keeping pace is definitely going to do that to gross profit. I don't like their compensation scheme either seems shortsighted.
Like I mentioned on that board, it's plausible that SDM's subsidizing of tests is gimping current installs more than anything. It takes some wind out of the sails of regulatory thesis bringing costs to zero for consumer boosting volumes, but could answer as to why that rate of progress slowed down as much as it has.
Thanks Wolf for the review
Initially I was intrigued by their business but after viewing the interview by small so discoveries I felt the CEO was deflecting the question by Paul Andreola of 'how should judge progress at Avricore going forward?'. So I put them into the penalty box of mine for the time being https://youtu.be/_wQB1MJMlx0
Thanks for sharing, haven't seen this.