Re: Jamestown, here we come!
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Feb 14, 2024 06:04PM
(Edit this message through the "fast facts" section)
From the Q4/Y/E transcript
John Gibson- Looking at Q4 specifically, we had revenues of $11.9 million, an increase of 86% year-over-year and adjusted EBITDA of $1.2 million and overall net profit of $0.8 million. Gross margins were up year-over-year, however slightly reduced from the prior quarter due to expediting, higher transportation and storage costs stemming from the July port strike in Vancouver. One thing to note is that we actually achieved the Q4 revenue in approximately eight weeks, due to the parts delays as a result of the port strike. We expect gross margins to normalize in the next quarter and are anticipating overall gross margin improvement.
$11.9m in 8 weeks works out to $19.3 in 13 weeks.
So very doable on one shift in Mississauga.
I expect Jamestown will assist with some numbers, as team will need to go though some development. Will come into play if the back log keeps increasing.