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Non-Tech : Say Yes Foods Inc. (SYES) -- Ignore unavailable to you. Want to Upgrade?


To: WEBNATURAL who wrote (1611)10/14/1998 11:06:00 AM
From: sks1  Read Replies (1) | Respond to of 1750
 
If someone has seen the financials, could you please let us in on anything? Apparently only selected ones have received it (not me).
Thx,
SKS1



To: WEBNATURAL who wrote (1611)10/14/1998 1:12:00 PM
From: LEO RISHTY  Respond to of 1750
 
I just recieved my copy of the financials. I will post the highlights.
Revenues for 1997 were $395,700 vs $66,000 in 1996. Net loss ($4,403,200) vs ($1,552,500) in 1996. Advertising and promotion was $1,288,800 in 1997 vs $197,500 in 1996. Weighted-average shares outstanding 19,367,303 in 1997 vs 16,859,248 in 1996. Balance sheet items - Cash and equivalents $3,356,600 in 1997 vs $511,000 in 1996. The current assets to liabilities is almost 10 to 1. Keep in mind that last year was still a start up year. Things should start to look better over the rest of this year. The company discontinued their 800 number for investor relations. If anyone would like to call them for a copy of the report they should call (702) 262-6455. By the way the local Winn Dixie store was sold out of SYES white milk. They still had 2 containers of chocolate milk. They were expecting a delivery the following morning.