KRED Q3 Financial Summary

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1

I think these are great results. Am I missing something?

Q3 2014 Financial Summary

  • Net sales increased 95% to 341,264 for the third quarter ended September 30, 2014 as compared to $174,581 for the same period in 2013
  • Product sales increased 97% to $332,867 for the third quarter ended September 30, 2014 as compared to the product sales of $169,262 for the same period in 2013
  • Consumer product sales for the three month ended September 20, 2014 was $328,667, a 439% increase from $60,944 as compared to the same period in 2013
  • Investment in advertising and marketing increased to $252,404 for the third quarter ended September 30, 2014 as compared to $32,452 for the same period in 2013
  • General and administrative costs were $562,494 for the three months ended September 30, 2014
  • Net loss for the third quarter ended September 30, 2014 was $752,485, or $0.01 per share
2

How can they be in all the Walmart stores in the country, plus all their other locations, and have only three hundred thousand dollars in sales?

Just wondering

Saul

1 Like
3

I think these are great results. Am I missing something?

Out of curiosity, how do they compare to 2012 figures? Comps against 2013 are going to look good and exaggerate the growth rate since the company was starved of working capital during 2013.

Neil
(no position)

4

I think these are great results. Am I missing something?

So far, Chandra, I think you are just missing some wait time. They do seem to be real and moving hard in the right direction.
Mykie