Jetcon has finally released their results for 2020
We don't have to say it... Management says it was one of their worst years 😖.. Unprecedented
Sales 🔻 38%
Expenses 🔻 6%
Loss of $6.7m
We don't have to say it... Management says it was one of their worst years 😖.. Unprecedented
Sales 🔻 38%
Expenses 🔻 6%
Loss of $6.7m
Despite that, management says Jetcon continues to be in good financial shape, with no outstanding loans and strong inventory
Based on my calculations...
Sales are picking up as they sold over $160m in Q4 (Dec) much more than $86m in the June quarter...
Based on my calculations...
Sales are picking up as they sold over $160m in Q4 (Dec) much more than $86m in the June quarter...
...but, still nowhere close to the mid $200m to $300m they would make per quarter in sales
Covid was unforeseen, but that aside, JETCON's sales have been declining quarterly for the last 9 quarters, since 2018 Q3
They've made a loss for ~9 of the last 10 quarters
Covid was unforeseen, but that aside, JETCON's sales have been declining quarterly for the last 9 quarters, since 2018 Q3
They've made a loss for ~9 of the last 10 quarters
And it has shown in the stock's price as well
The stock is down 3 years straight, since 2018
They've had it rough but lets hope for some recovery
The stock is down 3 years straight, since 2018
They've had it rough but lets hope for some recovery
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