mal was inahaltliches, keine Seitenhiebe ins NBT
Kontrastprogram GLG- alles in Kanadischen Dollar, also weniger Wert als US Dollar www.glglifetech.com/2019/08/14/glg-life-tech-corpora… unter revenue: Revenue for the three months ended June 30, 2019, was $2.8 million compared to $6.0 million in revenue for the same period last year. Sales decreased by 53% or $3.2 million for the period ending June 30, 2019, compared to the prior period. The sales decrease of $3.2 million was driven by a 53% decrease in stevia sales, primarily resulting from a significant decrease in orders from the Company’s distribution partner. The Company attributes this decrease to reduced customer demand due to existing inventories and to competitive price pressure in the global stevia market. Monk fruit sales remained steady between the two periods, but monk fruit sales make up a relatively small percentage of overall revenues. China domestic stevia sales also held steady between the two periods, although international sales continue to predominate, making up 83% of the Company’s revenues (83% in second quarter 2019 versus 92% in second quarter 2018). Haben nur max REBA 97, was bei Sunwin als weniger wertig gesehen wird Another factor contributing to the Company’s financial situation is the competitive price pressure in the stevia market over the last year that has reduced mainstream “Reb A” products (such as Reb A 80 and Reb A 97) to the lowest price levels in years. While these products have historically formed the core of the Company’s product sales, the margins on sales of these products have grown increasingly slim. To address this, the Company is taking a three-pronged approach. Nett ausgedrück, die Hände sind gebunden Company Outlook One of the most critical items that management is addressing is the development and implementation of plans to stem the losses that the Company has suffered in recent years and to ameliorate the Company’s financial position. As a result of those sustained losses, the Company lacks the cash necessary to fully fund the business operations and its strategic product initiatives. The Company is managing its cash flows carefully to mitigate risk of insolvency. Management has been successful in improving the Company’s cash outlook during the second quarter, compared to earlier in the year. Nevertheless, without an infusion of cash in the months ahead, the Company will not be able to realize its strategic plans and could eventually cease to be a going concern.
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