MoneyMax101 | Jetcon’s Revenue & Profit Decline Continues

Jetcon’s Revenue & Profit Decline Continues – Mar 2020 (Q1) Earnings Review

Jetcon Corporation Limited (JETCON) recently reported their March 2020 (Q1) results. Here are the highlights.

This is just a summary, but for more charts, ratios and other details visit JETCON’s page here

This Quarter (2020Q1) vs Same Quarter Last Year

Revenue was $227.75m vs $246.06m (-7.44%)
Apart from Q4 which saw a small increase, the revenue decline has been continuous over at least the last 7 quarters (see Revenue YoY chart)
Cost Of Sales / Direct Expenses was $-191.12m vs $-202.08m (-5.42%)
Gross Margin decreased YoY from 18 percent to 16 percent (according to management)

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#JETCON was already in a tight spot before #coronavirus. Can’t imagine what the next results will be like….

@Stephen / Fri May 01, 2020 09:23 am
This is nothing new still as we’ve been discussing #JETCON for a while now and their last few…

@Stephen / Wed Apr 15, 2020 07:10 pm
Base case target price of $0.75 for #JETCON. We expect a material decline in JETCON’s FY 2020 revenue…

@Stephen / Wed Apr 15, 2020 02:03 pm
Well said. But the #JETCON bulls normally don’t like to hear it

@Stephen / Tue Mar 03, 2020 01:24 pm
Key Audit Matter At reporting date, the value of the company’s inventory amounted to $444,682,692 representing 65.33% of…

@Stephen / Mon Mar 02, 2020 11:36 am

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