Andras, thanks for the Q2 report. I did a bit of reviewing of past numbers to try to get some idea of trends. Here are my numbers. Please correct any errors you detect.
....................Q2/98.............Q1/99.............Q2/99
Revenue.....3,548,823.......6,507,812........7,397,526
Marketing/..2,964,145.......4,574,093........4,939,454
Admin
S&A/Rev........83.52%..........70.03%...........66.77%
Marketing and Administration have shown some slight decline, as shown. However, because M&A are still very much too high, this trend will have to accelerate, if we are to meet Dr. Trotman's statement of April 9, 1999 in which he gives about a year and a half to profitability. That leaves 14 months to profitability. Our S&A need some major attention. Let's see what we do in Q3.
The growth in revenue is gratifying. It should stand us in good stead once we turn the profit corner.
In summary, I am slightly more optimistic, but the level of expenses does not sit well.
Best regards, Ed
P.S. Yes, I am planning to hold GNS for at least the short term. |
