We are pleased to announce our Key Performance Highlights for May 2017 (unaudited). We had our 3rd highest revenue month in company history behind November/December 2016. (Please note that these are based upon internally prepared financials and subject to adjustment at year end upon independent audit by Moss Adams).
- May revenue of $790k, up 32% to prior year and 5% ahead of budget for the month.
- YTD revenue of $3.25 million, +3% to budget, with TTM revenue of $7.6 million.
- Gross margin $’s, operating expenses and EBITDA all on budget for the year.
- Closing May cash of $1.5 million and net inventory of $1.3 million.
- Major inventory ramp coming in Q3; will need fresh capital by Sept 1st.
Thank you for your continued support!
*The unaudited financial information is preliminary and subject to potential adjustments. Adjustments to this financial information may be identified when a review of historic financial statements has been completed in conjunction with our year-end audit, which could result in significant differences from this preliminary unaudited financial information.