TZL 0.00% 4.7¢ tz limited

significant increase in gross margins

  1. 3,815 Posts.
    I am surprised nobody has commented on this standout fact from the financials:

    2008 Revenue - $14,973K
    2007 Revenue - $15,865K

    2008 COGS - $9,745K
    2007 Revenue - $12,305K

    Therefore 2008 GM is 35% whereas 2007 GM was 22%

    This is a HUGE increase (although short of the expected 50%, this will come once production is assumed on a huge scale)

    So what can we attribute to this?

    1)Increase in volume raw material purchased lowering cost?
    2)TZ have been successful in putting together a long term contract for supply of material?

    These number back up the the verbal we have had (and some have refused to believe) that demand is there for Intevia.

    All indicators from the financial look very appealing. Well done management for taking the company in the right direction.

    Also note that there are legal financing costs which eat into the profit. These costs will not be recurring as most of the work relating to NASDAQ listing has been completed.







 
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