SG

MiddleOwn5557

For those waiting for the KULR earnings report, the tl;dr is that it's just "okay" * Revenue increased 40% -- Product sales increased 88.7%, with revenue of approximately $1.16 million versus approximately $615 thousand in the same quarter last year * Gross margin was 8% in the quarter ending March 31, 2025, compared to 29% in the same period last year. The decrease in gross margins was primarily due to unanticipated labor hours needed to complete technical projects. * Selling, General and Administrative (SG&A) Expenses**:** SG&A expenses increased to $7.20 million in the first quarter of 2025 from $4.21 million in the same period last year. The increase in SG&A expenses was primarily due to increases in advertising and marketing services as well as stock-based compensation. * R&D expenses in the first quarter of 2025 increased to $2.45 million from $955 thousand in the same period last year. * Loss from operations was $9.44 million for the first quarter of 2025, compared to $4.66 million from the same period last year. Higher operating loss in the first quarter was driven by an increase in both SG&A expenses and investment in R&D. * Net loss for the first quarter of 2025 was $18.81 million, or a loss of $0.07 per share, compared to a net loss of $5.0 million, or a loss of $0.04 per share from the same period last year. Higher net loss in the first quarter was primarily driven by a mark-to-market of the Company’s bitcoin holdings as compared to December 31, 2024 Link: [https://www.globenewswire.com/news-release/2025/05/15/3082684/0/en/KULR-Technology-Group-Reports-First-Quarter-2025-Financial-Results.html](https://www.globenewswire.com/news-release/2025/05/15/3082684/0/en/KULR-Technology-Group-Reports-First-Quarter-2025-Financial-Results.html)

thorscope

There is a video of the Boeing CEO signing the deal https://youtu.be/Tq0Y1UYSIPo?si=4f5lRF6dauz3d4SG

MissiontwoMars

Not really, I work at a major retailer and we are already in the works to move production over by 2026. Until then we cut orders, increase prices, and reduce forward guidance while cutting SG&A.

dimethylhyperspace

SG? Slightly different subject, but I'm convinced selling straddles will make money in 90% of earnings this year

callsonreddit

I am thinking to straddle Check out SG

ScarletHark

It's based on the same data as OptionsDepth's product; I had subscribed to OD before SG implemented Trace, so I just use OD now. I actually unsubbed to SG last week because I don't use it anymore. Don't really use anything anymore besides OD as I don't really daytrade anymore.

CannaVestments

Fairly uninspiring start to 2025 for Curaleaf: the top-line took a big hit as US sales dropped in both retail and wholesale, partially offset by strong international growth. Gross margins were up, but aEBITDA margins fell with higher SG&A spend. Similar to others, the outlook for Curaleaf is highly dependent on their ongoing challenge of 280e obligations > operating cash flow is negative and getting worse when accounting for unpaid taxes, and the debt position is substantial even before accounting for $437M in an uncertain tax position. Full review: **Revenue:**  QoQ: $331.1M to $310.0M / YoY: $338.9M to $310.0M *Down 6.4% sequentially and 8.5% from last year, short of expectations ($316M). Retail and wholesale segments in the US were both down QoQ and YoY (overall US sales were down from $319M last year to $275M here in Q1). International Sales were a bright spot, up 74% YoY to $34.9M. No new stores in Q1, with 2 stores in FL opened so far in Q2 (1 of which being a hemp-derived only store).* **Adjusted EBIDTA:**  QoQ: $75.8M to $65.2M / YoY: $77.2M to $65.2M *Down 14.0% sequentially and 15.5% from last year, in-line with expectations ($65M). Margins drop from 22.8% last year to 21.0% here as Cura continues to trail Tier 1 peers on this metric.* **Gross Margins:**  QoQ: 47.5% to 50.0% / YoY: 47.5% to 50.0% *Nice improvement here as management highlighted under-performing SKU reductions and other efficiency improvements.* **Operating Expenses:**  QoQ: $166.6M to $147.3M / YoY: $148.2M to $147.3M *Note the drop here is mostly due to lower depreciation and amortization in the quarter. SG&A was up to $107.3M from $104.4M last year and $101.3M in Q4. Decent cost controls year over year given new store openings in that time.* **Operational Cash Flow:**  QoQ: $47.1M to $41.8M / YoY: $46.1M to $41.8M *Down a bit sequentially and YoY but have to factor in unpaid taxes. Tax-adjusted OCF was -$8.2M in Q1 compared to +$6.5M last year reflecting the current reliance on 280e accruals. CapEx was $16.3M so FCF was $25.5M on a reported basis but very negative at -$24.5M if 280e taxes were paid in full.* **Cash:** QoQ: $107.2M to $121.9M / YoY: $105.0M to $121.9M *Positive OCF offset by CapEx along with some minor outflows related to a debt refinancing. Debt stands at $561.2M, income tax payable at $26.7M, and a uncertain tax position of $437.M.*

Jupiter168

When I was paying $35 for 2 take out SG shrinkflation “discount” UFO bowl. I knew SG is NOT Green!!

Yogurt_Up_My_Nose

if we look at SG , Sweet Green. CAVA could have the same fate. turns out just being healthy ish food doesn't command $20 meal.

OrkzOrkzOrkzOrkz0rkz

+ TESLA5R 220SG 19:12 Idag Kurs/Inköp Sedan köp Innehav -25,00% 0,33 kr -76,17% 34 179 kr -0,11 kr 1,39 kr

Turbulent_Spite3178

Be happy there’s no capital gains in SG, I see you reap handsome profits off MARA 

ProjectMagnet

anyone have any insight into how Cresco's Q1 should look beyond what was forecasted? Not expecting a blowout considering Charlie called for short term margin pressure as they scale in Illinois and PA + flat SG&A etc. I'd love to be surprised but can't imagine we're in for a big surprise this quarter.

SwordfishOk504

No paywall: https://archive.is/SG3Jr

DarkMorning636

I didn’t say “immediate access” to the financial resources. But they’re all tangible things, not made up fairy dust. If you read my post you’d understand. They have an offer already to refinance their debt. The president re-announced the CHIPS money. Also, they do have SG&A?? Look at the quarterly report I linked. It’s right there?? We can agree to disagree but at this point I’m doubting your intelligence to even understand so goodbye

JCTL2020

Only thing I can see is that you're indeed an aggressive individual that wrongly believe cannot be contradicted. My time is valuable, I don't gonna waste it explaining to you definition of "immediate access" to over 3 billions when only amount that is certain is whatever their cash in hand is and not a farm that might not be able to get sold on time, a CHIPS money that they might never get because of failed bond negotiation etc. I am a grown up, I do research with factual data and certainly I am a very realistic individual, there's a difference between wishes and reality. Last but not least, it seems the WOLF you follow doesn't have any SG&A thus it might be a different company from the one I am talking about that makes no profit and have huge operation cost

BDUBS1962

I’m an ex hedge funder(don’t hate me!) and I recently did work on SG thinking it might be a good short. Between a wild valuation 75x EBITDA., declining same store sales and management turnover combined with limited if ANY price flexibility (seems very expensive), I think it’s headed for single digits. FWIW

WilliamBlack97AI

They raised capital at $1 and diluted shareholders. They now have 1.5m in cash + 2.2m in financing + several million from the exercise of warrants will give them a runway until mid-2026. Management said that SG&A/marketing expenses will decline significantly over the next few quarters until reaching EBITDA positivity in Q4 and an NI+ next year. The company aims to increase market share and scale in order to become a dominant player in its space within the next 5 years, rather than focusing on short-term profitability. Hope this helps, for more info visit airestech.com and investor presentation Thanks

Kurso

Made money on the dip and general volatility. KSS, NKE, DECK, PFE, SYM, F, AMZN, ORCL, and a handful of full of others. Still down on SG and COTY but up overall.

djwired


_hiddenscout

$CLMB * Net sales surged 49% to $138.0M in Q1 2025 * Net income increased 35% to $3.7M ($0.81 per share) * Adjusted EBITDA grew 38% to $7.6M * Gross billings up 34% to $474.6M * Distribution segment billings rose 36% to $453.6M * Strong cash position of $32.5M with minimal debt ($0.6M) * Working capital increased by $4.4M * Maintained effective margin at 32.7% * Quarterly dividend of $0.17 per share declared * SG&A expenses increased to $16.8M from $12.5M * Solutions segment showed minimal growth of only 2% to $21.0M "The momentum from our record 2024 has carried into the first quarter, leading to exceptional growth across all key financial metrics,” said CEO Dale Foster. “Our performance was driven by the execution of our core initiatives and the integration of Douglas Stewart Software & Services, LLC (“DSS”) into our operating platform. We drove organic growth in both the U.S. and Europe, demonstrating our ability to deepen relationships with existing partners while signing new, cutting-edge technologies to our line card across geographies.” “Looking ahead, we believe that we are well-positioned to continue driving organic growth and further improving operating leverage. While still early, we expect the implementation of our new ERP system to drive meaningful efficiencies across our global operations. We also plan to remain active with M&A as we evaluate accretive targets that can enhance our comprehensive offerings and expand our presence in both North America and overseas. These initiatives, coupled with our robust balance sheet, will enable us to continue executing on our goals and objectives.” Pretty good quarter.

DrHarrisonLawrence

Still the cheapest and healthiest thing out there. I’ll often alternate that with Sweetgreen but SG is still 40% more expensive and similar levels of protein so 🤷

AngelousSix66

You are right. What I meant to say is that solar coming from SG will also be tarrifed along with every other country in SE Asia.

moonkiska

That’s just a spreadsheet. A few people rolled their own. That’s from another user of SG captures the OHLC of 15s windows. You can check time & sales on most brokers though.

jefbe80

What do you think about CYCU, recent IPO, About CYCU Cycurion, Inc. provides network communications and information technology security solutions. Financial Highlights Revenues of $17.8 million SG&A expenses reduced by 47.5%, Adjusted EBITDA of $2.3 million, up 58.9% year-over-year with an expanded margin of 12.9% vs $1.4 million (7.4% margin) in FY2023, Net income of $1.2 million, a significant turnaround from a net loss of $2.1 million in FY2023 — marking Cycurion’s first full year of net profitability Earnings per share improvement to $0.07 basic and $0.01 fully diluted, versus $(0.14) in both categories in FY2023 Free Cash Flow improvement to $(1.8) million from $(2.5) million despite growth investments in personnel and platform development I am in with 100 shares at .52 per share, it might go up.

moonkiska

Wrong. CBOE absolutely has market makers and routing partners. Here is a list: ```Akuna Securities LLC All Options USA LLC Barclays Capital Inc. Belvedere Trading LLC Black Edge Securities LLC BNP Paribas Securities Corp. BofA Securities, Inc. BTIG, LLC Casey Securities LLC Citadel Securities LLC Citigroup Global Markets Inc. Consolidated Trading LLC CTC LLC Dash Financial Technologies LLC DRW Securities, LLC Dynamex Trading LLC Geneva Stock, LLC Global Execution Brokers, LP Group One Trading LLC HAP Trading, LLC HRT Financial LP IMC Securities LLC IMC-Chicago, LLC dba IMC Financial Markets Instinet, LLC Interactive Brokers Corp. J.P. Morgan Securities LLC Jane Street Capital, LLC Jane Street Options, LLC Jefferies LLC Jump Trading, LLC Lakeshore Securities, L.P. Lamberson Capital LLC Marathon Trading Group LLC Matrix Executions, LLC Maven Global Markets Trading LLP Morgan Stanley & Co. LLC National Financial Services LLC Old Mission Capital, LLC Old Mission Markets LLC Optiver US LLC RBC Capital Markets, LLC RQD* Clearing, LLC SG Americas Securities, LLC Simplex Trading, LLC SpiderRock EXS LLC Sumo Capital LLC Susquehanna Investment Group Susquehanna Securities, LLC TJM Investments, LLC Tower Principal Markets LLC TradeZero America, Inc. TRC Markets LLC UBS Financial Services Inc. UBS Securities LLC Vanaheim Securities, LLC Velocity Clearing, LLC Virtu Americas LLC Vision Financial Markets LLC Walleye Trading LLC Wells Fargo Securities, LLC Wolverine Execution Services, LLC Wolverine Trading, LLC X-Change Financial Access, LLC XR Securities LLC```

brbcryinginside

What an amazing day to buy $SG :)

shepherds_pi

I'm not sure why people are panicking... Here is how the tarrifs will affect wallstreet.. ACME Company 2024 1 Million Units @ $100/ea ( $100M revenue ) COGs $60M OH/SG&A $20M GP : $20M ACME Company 2025 800k Units sold @ $125 ( $100M revenue ) COGs $60M OH/SG&A $20M GP : $20M So... why did COGs stay the same ???? Well.. material costs went up due to tarrifs, but ACME sold 20% less units due to the increased price.. so we laid off 20% of our direct labor staff... Tarrifs won't hurt wallstreet.. BUT it will decimate mainstreet.. Just wait.. Ya'll good... carry on regardless..

Motor_Machine8597

Msia de queue for Chagee not crowded like SG! However, there were a lot of delivery orders than physical customers in the tea shop when I was in JB. But the drinks good as ever! The staff always lets me take their Chagee drink bag no matter the bag size I requested. SG queues for Chagee especially the one at Orchard is CRAZY! Was having tacos at Guzman Gomez (opposite of Chagee shop) and already finished my tacos before it was my turn to pickup my Chagee drink (30 mins wait lol). Madness. I always question myself what kind of magic they put in the drink to make me go addicted for the drink. Long queues for bubble tea is already high in SG. Chagee is another level. Chagee for life!!! Chagee never disappoints!

lwhitephone81

Look through my post history - I've explained many times why you shouldn't listen to DFA salesmen like Ben Felix and why the SV premium is a myth. To give just one example, the FF/DFA data say SV stocks should outperform SG stocks by 4% *per year*. Using your ETFs, here is 25 years of real world data: [https://testfol.io/?s=6vq7RJkHvcz](https://testfol.io/?s=6vq7RJkHvcz) . You should hold small caps in the market weightings. If their elements of value only add up to 10% of the market, that's all they deserve in your portfolio. Common sense tells you we can't all overweight some different bit of the market, and all get free lunches. Corporate bonds are just stock/bond hybrids, so they don't add any value beyond just stocks and bonds. Make bonds the risk free bedrock of your portfolio.

brbcryinginside

$SG is not a fast casual restaurant company it’s a tech company. The tech? Idk. Something something automation. Something A1 sauce.

brbcryinginside

I went to $SG today. Usual white women, finance bros, and tech asians there. But today I saw a basketball team and some Latinas as well. Bullish

brbcryinginside

$SG is a $10 billion company trading at $2.5 billion right now, you fuck wit me?

brbcryinginside

You mfs don’t know a quality stock when you see one. $SG should be at 28 AT LEAST. Earnings will take it past 30

brbcryinginside

!banbet SG 26 30d You regards saw $SG under $20 and you didn’t buy?

brbcryinginside

!banbet $SG $26 5/17

brbcryinginside

Went to $SG today and it wasn’t just white women, finance bros, and tech Asians. I’m very bullish on $SG

brbcryinginside

I full ported $SG at lunch today. Why? I was hungry and it seemed like other people were too

noplanman_srslynone

If you now realize the candlelight was fire; the meal was cooked long ago - Stargate SG1

BlizzardThunder

he needs a coach to play him at SG a solid 20% of the time so he can just see the game differently. or something like that. 100% usage as a point guard with these kinds of inefficiencies is not great. raw stats don't mean anything if you're negating them with negative plays.

lwhitephone81

\>That’s ignoring the availability, study, and analysis of the CRSP data  CRSP is a data set published in 1977 by DFA co-founder David Booth. It's maintained with a $300M "donation" by Booth to the Booth School of Business. \>that academics have used to arrived at similar conclusions. If you're suggesting other academics have validated the CRSP data, that's never happened. In fact, that dataset has never been independently validated, except with recent (1970s-) data by MSCI and others, which shows no SV premium. \>VBR is cheap and has been doing well enough.  The CRSP data says SV should outperform SG by 4% per year. Look at actual fund results and tell me if that in any way reflects reality. \>AVUV ( admittedly ex-DFA folks)  AVUV has provided increased fund cost, taxes, risk, with reduced performance vs total market. It's been great for the sellers, bad for the buyers.

theorem21

As a result of these risks, emerging and frontier stock markets are typically cheap. The Romanian stock market currently sells for nine times forecast earnings for the next 12 months, SG Securities tells me. Colombian stocks sell for an average of eight times forecast earnings. And Hungary and Turkey, both run by their own so-called strongmen: less than seven times earnings. Overall, emerging-market stocks worldwide sell for an average of around 13 times forecast per-share earnings, SG calculates. The U.S.? Somewhere between 20 and 25 times, depending on how you calculate it. It makes no sense. Not only is the U.S. market grossly expensive compared with (other) emerging markets; it’s also expensive compared with developed markets. You know — places that have political checks and balances, legislators who turn up for work, political leaders bound by laws, rules and civilized norms, and where they don’t put budget policy in the hands of a guy waving a chainsaw in the air. Developed markets trade for just 13 times forecast earnings, according to SG data. In other words, the U.S. is now an emerging market that sells for about 50% more than developed markets.  I don’t know if stocks in places like Japan and Singapore and Australia and Switzerland and Germany and France and Britain and Sweden will generate higher returns than those in the U.S. in the years ahead. But I know they are much cheaper. And it’s pretty apparent now that they will entail a lot less risk. I don’t invest where there isn’t the rule of law. And I don’t want to invest in a country where the market is being controlled by a caudillo and his cabal, and in order to make money I need to sign up for their for-profit information service to get inside stock tips before they change government policy.  Thanks. But no thanks. About the Author Brett Arends Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, "Storm Proof Your Money", was published by John Wiley Co. Copyright © 2025 MarketWatch, Inc. All rights reserved.

brbcryinginside

I like all men but the only stock I like is $SG

Extra_Somewhere_5255

Aside from the fact you have avoided my statements on condoning violence, I'll play along. What is the definition of fascism? How does this definition fit with what Trump is doing, and how does he not give "two fu(ks" about anyone but himself? Have you been outside of the US, or know someone who lives in a foreign country and comes here? Have you seen how expensive US goods are in a foreign country, and why people who come here "stock up" on goods which are readily available in their own country yet are so much cheaper here - the answer tariffs. Talking about DOGE? Have you ever worked in the private sector, balanced your checkbook? If you spend more than you make, you have 2 options top line revenue (income) or bottom line (operating expenses). You can either increase sales/income or adjust SG&A, COGS, which in turn may mean laying people off or cutting expenses (i.e. not going on vacation/travel freeze etc). I am sorry, programs are being cut however this needed to happen and every president has campaigned on this just never did anything about it (Obama - 2011 Campaign to Cut Waste headed up by none other than Joe Biden) Trump is just doing what he said he was going to do. I have family and friends who have been impacted but most of us in the private sector have also been impacted at some point in our lifetime. More than happy to debate any point however unlike you, I have never condoned nor wanted anyone to die for a differing political viewpoint.

SangerGRBY

More BYD attos in SG than TSLA

AssistanceCheap379

It was a crown jewel in a similar way India was. Trade was plentiful, but the people weren’t exactly doing well for the most part. Most people there still lived in poverty under the British and the GDP per capita was lower than that of those in Malaysia proper. Most of the trade bypassed the Singaporean population and instead directly benefited the British or their trade partners. The people of Singapore barely got any taste of it, except when they stole and sold illegally, generally goods taken from the trade networks. LKY famously cried when SG was forcefully given independence, partially because Malaysia considered it a net negative to keep it. And while he wasn’t the only reason why SG is where it is today, he and PAP definitely pushed it into the 21st century very quickly and even by force. He and the PAP were in my mind “benevolent authoritarians” and thankfully it didnt really get out of hand, as the government saw the strength of Singapore was it’s people. If it had had any natural resources, I’m not sure things would have stayed the same. I’m pretty sure the people would have been kept relatively uneducated as the resources would be extracted and sold to the highest bidder. It could have gone the away of Norway obviously, but more likely than not it would have gone the way of Belarus or Congo or Iraq.

randoreader16

Singaporean here. Singapore wasn't a backwater when he took over. It was described as the crown jewel of the British empire during colonial times and was the hub of British colonial activity in Asia prior to the japanese occupation. LKY was a decent leader, yes, but it's a myth that he alone was the reason why SG is where it is today.

rmsk79

I’m Singaporean too, and the last time we were a village was in 1819. In 1965, SG’s nominal per capita GDP was around the same level as Mexico and S. Africa. Not at the top but also not one of the poorest places in the world.

e30jawn

True. SG-1 was the best

LuhSeppuku

Look man, I am a long-term investor, which is exactly why I do not like this stock. The golf equipment industry is an oligopoly, incredibly competitive, even 1/3 of Acushnet’s revenues are spent on SG&A. This company’s only chance at growing their revenue is through spending a lot more on marketing, it is not like they have a competitive edge at all. Their shafts are the same as any other shaft, they just call the stiffness “dots”. They have 1 year worth of cash to turn this thing profitable before they have to dilute it an insane amount. Think about it, be realistic, is this company really going to grow their revenue so much over this year that they can overcome operating expenses (not including COGS) that are significantly more than their revenues? I think that would be a stretch in a stable economy, and considering how things are looking right now it just seems flat out unrealistic. This is about as discretionary of a product as you can get. Golf itself is discretionary, aftermarket shafts are another level. Let’s also not forget that these products cost A LOT more to your average Japanese resident than it does for your U.S. resident. If their revenue doesn’t absolutely explode this year they will need to raise another $5-10M in a seasoned offering and then there will be 10x as many shares outstanding. I am well aware that risk is required to make return, but come on be honest, this thing is such a long shot especially in the state of the economy.

pinholeandwheels

Bro, they will tank the market actively, theres a huge opening for them on geopolitical stage and they are not gonna waste it. You think China doesnt own a significant amount of US equities worldwide, large portions of HK/SG markets are their proxies. Seriously, if people dont think this is resulting in a global severe offloading of US related holdings, they are not paying attention to news last couple of years. Countries are gonna grab the opportunity to sink the US because of this clown.

brbcryinginside

Anyone else eyeing $SG?

LuhSeppuku

If you have to “cash out at the right moments” it is not steady gains you bozo. Did you drop out of high school or something? Maybe middle school? I thought you were being sarcastic based on just how flawed your logic is. Now let’s start off by looking at the stock price performance, which from what it seems, is the only thing you think about. The stock is literally down 66% in the last month, and 98% the last 6 months. So to be quite frank, wtf are you talking about? Now to get into the actual fundamentals of the company… they are shit. How many quality companies have to do two reverse stock splits within a year? None. Going back a few years this company was financed with debt… how they got access to debt in the first place? I don’t know. But they clearly couldn’t make it work and so they went public, using a notoriously corrupt underwriter. Since the IPO, the stock is down 99.98%. Anyways, they raised equity, burned through all of it very quickly then did a seasoned offering to raise more. Now all of you keep talking about YoY sales, which when they introduce a new product line you should be looking at quarter to quarter growth for comparability. From Q3-Q4 revenues have flatlined. And yeah margins improved in Q4, but operating expenses are still more than Revenues by more than 2x!!! Now to talk about their product, although marketed as innovative, it is not. They simply changed the name from “flex”, “regular”, “stiff”, etc., to “one dot”, “two dots”, “three dots”, etc., This is a product that has no real competitive edge, it is purely based on marketing so you best believe that in order to drive more sales SG&A will continue to increase significantly further extending how long it will take to break even. At the current rate they will be out of capital within 1-2 years. Which they will then need to issue more shares. Not even to mention dilution from the warrants. Also, let’s not forget the stock is already on the verge of being delisted… And, to top it all off the company is highly cyclical, they operate in an oligopoly, with no competitive edge, the golf equipment industry is based on fads, and the company has a long history of negative cash flows. So… you bet I’ll mark your words, and when this stock is delisted within the next couple years, I will be sure you hear about it.

Amon7777

Anyone else looking pits for the restaurant industry? In particular SG and SHAK how have insane valuation, near zero profitability (especially SG), and among the first things people cut in economic uncertainty.

AwesomeShikuwasa77

Fundamentally it’s easy: TESLA is a desaster. - sales in all major markets declining (US I am not sure, but all others are red; https://www.acea.auto/files/Press_release_car_registrations_February_2025.pdf) - Chinese and also EU manufacturers are catching up. - Elon takes every opportunity to piss off his core customer group and I don’t think that eMobility will catch up quickly „on the other side of the aisle“ - the stock is overvalued even after the huge dip. 117PER for a non-growing stock - also please note that Elon merged x and xai and did not connect it with TESLA. Having said that, TESLA‘s stock has often moved completely irrationally in the past. So you never know. Being familiar with the automotive industry I can say, however: 20% sales reduction will tremendously hurt any OEM. Although TESLA has a really good SG&A cost discipline, the sales drop hurts all major income sources: contribution margin of cars and CO2 certificates.

yxing

Shilling? Doubt. Seems like she and her husband are based in SG and use a major brokerage from there. Nobody would give a shit if some major US brokerage was in a screenshot.

brbcryinginside

SG 

_hiddenscout

$AGX * Record Q4 EPS of $2.22, up 149% year-over-year * Q4 revenue growth of 41% to $232.5 million * Power industry services revenue grew 65% to $196.9 million with 21.3% gross margin * Backlog more than doubled to $1.4 billion from $0.6 billion * Strong balance sheet with $525.1 million cash/investments and zero debt * FY2025 net income increased 164% to $85.5 million For the full fiscal year, Argan achieved **revenue growth of 52.5%** to $874.2 million, while net income increased **164%** to $85.5 million. The company's execution efficiency is evident in both its gross margin improvement (16.1% vs 14.1%) and SG&A leverage, which declined as a percentage of revenue to 6.0% from 7.7%. The backlog expansion to $1.4 billion, up from $0.6 billion in the power industry segment alone, provides substantial revenue visibility. Post-quarter, Argan secured an additional 1.2 GW natural gas plant contract in Texas, further strengthening future earnings potential. The company's financial position is exceptionally strong with $525.1 million in cash and investments (approximately $37 per share) and zero debt. The power industry services segment, contributing 79.3% of consolidated revenues, shows particularly robust momentum with 66.5% annual growth. Argan's strategic positioning at the intersection of conventional and renewable energy infrastructure places it ideally to benefit from the accelerating energy transition, grid modernization initiatives, and increased power demand from data centers and manufacturing reshoring.

Gambelero

What I’m saying is that there’s no magical revenue number that’s going to save them. If they’re able to boost revenue significantly while keeping costs down, obviously that will be a good result. It’s delusional, though, to take four years of revenue growth—while they bought out Hexo, Medmen, Sweetwater, Montauk, Breckinridge, and the Inbev (Anheuser Busch) and Molson craft brew operations—and project that out as if that will be the organic growth rate (much less adding some sort of logarithmic acceleration to that estimate). There is also the issue of the difference between gross and net margins. The micro breweries have healthy gross margins, which means (you are correct here) as low margin distribution revenue comprises a lower weight of total revenue, gross margins will increase. Nevertheless, these other operations add a lot of SG&A—which ways heavily on profitability.

AdamHorn8

Cohen sold more shares today (after selling his whole bonus Friday)… PLTR puts looking even better. Source: https://archive.fast-edgar.com/20250317/AV22QQ2CZ222SZZ222252Z4ZG5SG6JB2L272/

RagingBearBull

I think im selling all my US equities. Gonna keep bonds, buy some scratch off and then buy china, japan, EU, and SG etfs. my spend like 2K on some cad etfs for the hell of it.

_hiddenscout

$LMB * Record net income of $30.9M, up 48.8% YoY * Record adjusted EBITDA of $63.7M, up 36.1% * Gross profit margin increased from 23.1% to 27.8% * Strong ODR revenue growth of 31.9% * Positive 2025 guidance indicating continued growth * SG&A expenses increased by $9.8M to $97.2M * Operating cash flow decreased from $57.4M to $36.8M * Current ratio declined from 1.50x to 1.46x * GCR segment revenue decreased by 31.9% “In 2024, we produced record gross profit, record net income and record adjusted EBITDA by expanding and strengthening customer relationships in six verticals – healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment,” Michael McCann, President and Chief Executive Officer of Limbach Holdings, said. “As a result of this momentum, for 2025 we estimate revenue of $610 million to $630 million and adjusted EBITDA of $78 million to $82 million. ... "We have been transitioning the business to ODR for the past five years and are nearing the point of achieving steady topline growth both organically and from acquisitions. We continue to focus on working closely with mission-critical building owners whose aging infrastructure is critical to their operations. By specializing in existing buildings, we support customers and help drive sustainable, long-term growth.” 2025 Guidance Revenue - $610 million - $630 million Adjusted EBITDA - $78 million - $82 million

CannaVestments

Gross profit: $25.4M SG&A: $27.2M Interest Expense: $9.4M Even with ZERO taxes paid, they are burning $11M a quarter from current operations. S3 doesn't save them

lwhitephone81

The data back to 1975 I'm referencing was [here](https://www.reddit.com/r/Bogleheads/comments/1itmnnz/comment/mdqsh5r/?context=3) and it looks like it was deleted (you can still see my response with the results). However the 1975-1994 period there might be reconstructed...looks like MSCI only started publishing SV SG indexes in 1994. That data is [here](https://www.msci.com/documents/10199/ea61cf94-7046-4a91-acf7-1c1113e24c53) and [here](https://www.msci.com/documents/10199/22a61463-6788-438a-bde1-5eb57fff3d85). For either period, we see that SV and SG tracked within .3%/year of each other as random chance would dictate from any two random bits of the stock market. Track stocks that start with 'A' vs stocks that start with 'B', and you'll get similar results. A couple other indexes (S&P, Russell) go back to the late 1970s with similar results. The tainted FF/DFA data is the only data ever "discovered" showing incredible the incredible results (like SG outperforming SV by 4% per year) DFA made billions marketing. Of course, their investors never got those promised rewards. \>that have been extensively documented in academic literature and validated by MSCI Research as key drivers of risk and return in equity portfolios.” That's sure not what their data says!

davecrist

>In any case no one’s ever replicated the amazing results of the study - other sources, like MSCI, found no such premiums between SV and SG, for example. Do you have a reference for this? I had a little time today and tried to find examples of MSCI not finding various premiums and found several direct references to indexes they provide that tout the benefit of factor investing and in particular with the FF factors. This document, for example, mentions them: https://www.msci.com/documents/10199/9f8cadb3-5923-442d-96d1-7434b6593416 With a section at the bottom that mentions factor advantages: “MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios. MSCI FaCS consists of Factor Groups (e.g. Value, Size, Momentum, Quality, Yield, and Volatility) that have been extensively documented in academic literature *and validated by MSCI Research as key drivers of risk and return in equity portfolios*.” ( emphasis mine)

No_Fix7843

bbai # Negative Aspects: 1. **Significant Net Loss** – **$108M loss** in Q4 2024, much worse than **$21.3M loss** in Q4 2023. 2. **Declining Adjusted EBITDA** – Dropped from **$3.7M (Q4 2023) to $2.0M (Q4 2024)**, signaling lower profitability. 3. **Rising SG&A Costs** – Increased **22% YoY** to **$22.2M**, reducing operational efficiency. 4. **Weak 2025 Guidance**: * Revenue guidance of **$160M–$180M** suggests **flat to slightly declining growth**. * **Negative Adjusted EBITDA expected**, indicating continued losses. 5. **US Government Dependency Risk** – Potential **shutdowns or shifts in national security priorities** could affect revenue. rip

ManBearPig_1983

Isn’t Oracle part of Stargate SG1 team? Prez mentioned them in his 90 minute rant. Them and Black cock

shogunofmars

I would be sad about Taylor and Mitchell moving though, since I only have a cheap acoustic (my nice guitars are electric, a Gibson SG I got for cheap from a pawn shop and a warmoth Nashville tele). But I don't play as much as I should, so I can't justify buying one haha. 

CannaVestments

Unimpressive close to the year for 2024- results were roughly in-line with expectations but growth remained limited for going on 3 years, margins contracted slightly, and cash flow is almost entirely driven by unpaid taxes as balance sheet liabilities continue to accrue. Curaleaf continues to pursue a range of growth opportunities- most recently the hemp-derived market as they continue to expand their offerings as well as the international market, a bright point of growth in the portfolio (Q4 int'l revenue grew 72% from last year), although this hasn't proved enough to offset losses elsewhere in the portfolio. Ultimately, a lack of profitability despite significant scale remains the outstanding concern for a company with with growing balance sheet liabilities. Full review: **Revenue:**  Q4- QoQ: $330.5M to $331.1M / YoY: $345.3M to $331.1M FY- $1.34B to $1.34B *Essentially flat sequentially and down 4.1% compared to 1 year ago, a small miss on expectations ($332M). FY 2024 revenue was down just a bit ($4M) from 2023, and flat with 2022. Q4 2021 to Q4 2024 growth was just 3% despite 34 new stores and half a dozen new AU markets opened up during that time. Cura opened 2 new FL stores during the quarter. Management highlighted international performance, with revenue rising to $31M in Q4, up slightly from $30M in Q3 and $18M one year ago.* **Adjusted EBIDTA:**  QoQ: $75.3M to $75.8M / YoY: $83.0M to $75.8M FY: $304.5M to $300.8M *\~Flat sequentially and down 8.6% compared to Q4 2023, with margin declining from 24.0% to 22.9% YoY- this was in-line with consensus ($75.5M). FY 2024 aEBITDA was down 1.2% compared to 2023, with margin essentially flat at 22.4% in 2024 v 22.6% in 2023.* **Gross Margins:**  Q4- QoQ: 48.6% to 47.5% / YoY: 45.2% to 47.5% FY- 45.6% to 47.6% *Down slightly sequentially, but up compared to last year Q4 and up 2% for 2024 vs 2023. Good to see improvement but also still below Tier 1 peers.* **Operating Expenses:**  Q4- QoQ: $151.3M to $166.6M / YoY: $142.2M to $166.6M FY- $571.6M to $619.0M *Rise in OpEx sequentially, YoY, and for the full year 2024 vs 2023. Note that the majority of this rise is non-cash with higher depreciation and amortization, with SG&A up $3M QoQ and up $7M for the full year. Decent cost control given new store openings but problematic given the lack of top-line growth.* **Operational Cash Flow:**  Q4- QoQ: $42.3M to $47.1M / YoY: $2.3M to $47.1M FY- $75.3M to $162.6M *Note that almost all the improvement here stems from unpaid 280e taxes. Tax-adjusted OCF was just $14.0M for the full-year 2024 compared to $14.9M last year. CapEx was $27.2M in Q4 and $93.2M for 2024.* **Cash:** QoQ: $90.0M to $107.2M / YoY: $91.8M to $107.2M *Several moving parts here- positive OCF and additional debt offset CapEx spend and a few M&A consideration outlays. Debt stands at $568.6M and the uncertain tax position now at $392.2M.*

lwhitephone81

You've linked to 3 studies there. The first two merely reproduce the FF regression results using some of the more recent (post 1962) CRSP data. That data was originally co-compiled by DFA founder David Booth, and is maintained at the Booth school of business with a $300M grant from Booth. If you use a different dataset, like the MSCI 1975-2024 data, you'll get no growth/value outperformance, for example. Even the recent data is highly suspicious. Look at [this chart](https://images.ctfassets.net/a320zjmb1inn/2cofQQLeW2TjvB31Pe7Ei5/25d6205bdd107d705c82a7558aaf6d0a/valuepremium0708_1.png?w=1200&), which shows incredible and consistent outperformance by value until the FF study was published and DFA started creating SV funds 1992...at which time it completely disappeared and value and growth began to move randomly, as you'd expect. I'm not arguing that regressions were calculated incorrectly. I'm arguing that when you get an incredible result, like the FF data, where small growth underperforms small value by 4% per year with the same risk, for example, you should be very skeptical. It's just so easy to torture historical data to get any amazing patterns you want. Problem is, the market doesn't care about your patterns. Or your sales brochures. The third study concludes some premiums exist sometimes in some places. Ok. \>Never mind folks like Ben and Merrimenn ( admittedly a DFA student) and Ferri You know what these gentlemen have in common? They all have nice houses, paid for with DFA money. I'd rather listen to the experts over at [bogleheads.org](http://bogleheads.org), like nisiprius, a member of the advisory board and probably the most respected member there, or Taylor Larrimore, co-author of the Boglehead's guides, who know this stuff is bunk. \>That kind of impact, if not real, is approaching conspiracy theory levels of influence. Ok then where are the small and value premia in real world fund results? Where is the outperformance of SV over SG the FF data promises? Why didn't small outperform large caps in the original DFA fund after almost 50 years of data? Why do we get the same lack of outperformance in the DFA intl SG and SV funds? That's publicly available, audited return data, not conspiracy theory.

lwhitephone81

\>peer-reviewed research is a thing and industry often sponsors research for its own benefit. That's true, but there are different degrees of sponsorship. Fama was literally a W-2 employee of DFA when the research came out. And the "academic" authors were paid millions by DFA to sell the resulting funds. That's just a little different from, say, Google sponsoring a robotics project at MIT. \>the whole point of publishing research is so others can evaluate, develop, and extend knowledge  I don't think that was the point of publishing this particular paper - I think it was the source document for a new marketing strategy DFA desperately needed after the first one (small caps) failed. In any case no one's ever replicated the amazing results of the study - other sources, like MSCI, found no such premiums between SV and SG, for example.

CannaVestments

Weak close to a tough year for Verano. Results came in slightly short of expectations, margins continued their downward trajectory, and operating cash flow was breakeven for the back half of 2024 when accounting for unpaid taxes. The FY comparisons are tough here: revenue was down 6.4% compared to 2023 while SG&A was up 6.4%, leading to a 13.3% reduction in aEBITDA for the full-year. On the positive side, SG&A was reduced in Q4, much needed to offset top-line weakness. CapEx guidance for 2025 was dropped to just $25-40M (down from $99M in 2024), with the focus on optimizing the footprint through automation and efficiency improvements in a market where price compression will continue. Full review: **Revenue:**  Q4- QoQ: $216.7M to $218.2M / YoY: $237.2M to $218.2M FY- $938.5M to $878.6M *Up .6% sequentially but down 8% compared to Q4 2023, slightly short of consensus ($219M). FY revenue was down 6.4% : disappointing growth considering they opened 17 new stores, saw AU sales commence in Ohio, and closed on M&A in Virginia/Arizona. Management pointed to IL/NJ as major sources of weakness, along with a temporary cultivation pause in Florida.* **Adjusted EBITDA:**  Q4- QoQ: $64.5M to $62.9M / YoY: $73.4M to $62.9M FY- $304.9M to $264.5M *Down 2.5% sequentially and 14.3% YoY, also short of consensus of $65M. Margin drops from 29.8% in Q3 to 28.8% in Q4, and d*own from the 30.9% mark set last year. FY aEBITDA was down 13.3% compared to 2023, with FY margins sliding from 32.5% in 2023 to 30.1% in 2024. **Gross Margins:**  Q4- QoQ: 50.3% to 49.3% / YoY 49.6% to 49.3% FY- 50.6% to 50.5% *Fairly steady here at a good level although below peers like GTI/Trul.* **Operating Expenses:**  Q4- QoQ: $92.3M to $83.8M / YoY: $85.7M to $83.8M FY- $331.9M to $353.4M *Note I excluded a $327M impairment taken in Q4 to compare numbers. Good to see the OpEx reduction in Q4 relative to the prior quarter and year, although FY OpEx did rise 6.4% while revenue declined 6.4%- not good.* **Operational Cash Flow:**  QoQ: $30M to $44M / YoY: $32M to $44M FY: $110 to $112MM *Rise here but have to address tax-payment dynamics, with Verano also indicating they will no longer pay 280e going forward. Tax-adjusted OCF was just $2.4M in Q4 and $34.6M in 2024 (with all of it generated in H1), well down from the $114M generated last year. With $99M in 2024 CapEx, tax-adjusted FCF was -*$64.4M. *Management noted guidance of $25-40M in 2025 CapEx spend, a significant reduction.* **Cash:** QoQ: $65.0M to $87.8M / YoY: $174.8M to $87.8M *Jump here sequentially but down big from last year. In the quarter, positive OCF offset $14M in CapEx spend. Debt stands at $413.8M, income tax payable of $58.8M, and an uncertain tax position of $270.6M.*

Appropriate-Gas262

The best part is neither SG nor HK neednt to pay capital gains tax!

gopoohgo

SG was down 20% AH after their earnings. WTF happened where it is up 8%?

hambone_83

Fourth Quarter 2024 Financial Highlights Revenues, net of Discounts, of $218 million, a decrease of 8% year-over-year, and an increase of 1% versus the prior quarter. Gross profit of $108 million or 49% of revenue. SG&A expense of $84 million or 38% of revenue. Net loss of $(273) million or (125)% of revenue. Adjusted EBITDA1 of $63 million or 29% of revenue. Net cash provided by operating activities of $44 million. Capital expenditures of $14 million. Full Year 2024 Financial Highlights Revenues, net of Discounts, of $879 million, a decrease of 6% year-over-year. Gross profit of $444 million or 51% of revenue. SG&A expense of $353 million or 40% of revenue. Net loss of $(342) million or (39)% of revenue. Adjusted EBITDA1 of $264 million or 30% of revenue. Net cash provided by operating activities of $112 million. Capital expenditures of $99 million.

1bizzyone

SG woke salads aint gettin it, too much snow

Affectionate-Rock729

CRM Call SNOW Call AI Call SG Put

Motor_Normativity

SG puts is obvious here right?

wholovesshortshorts

Dude loves a salad. Not enough to buy SG, but CAVA level

dragonilly

Glad I ended up having a meeting at work and couldn't buy SMCI puts. Debating on SG puts, if CAVA didn't make it, hard to believe SG will but who knows *

DrHarrisonLawrence

Calls on Sweetgreen (SG) tomorrow

HenryObj

In addition to the good points of fellow redditors: \* EBIT decline (-161.6%) \* RSI at 39.75 (oversold), price below long EMA \* Severe operational deterioration with negative EPS trend (-$2.00), increased SG&A costs \* -6.6% revenue decline \* Operating cash flow decline (-3.7%) Doesn't look promising...

TheBigLebowski_7

$SG might see a relief rally to about $32. Sell there and buy back around $20.

Striking-Bluejay-349

No. See [page 19]( https://downloads.ctfassets.net/2md5qhoeajym/4bRHWWpn57tfMt9KEdEuhT/f9e991ab2f9a3fbe7dcfa33b63ae4917/EX_-_99.2_4Q24_Shareholder_Letter.pdf): Rivian made $154M in gross profit. They had $457M in [SG&A](https://www.investopedia.com/terms/s/sga.asp) (basically the administrative overhead of running the business, plus sales commissions and marketing). Even if they just pulled a Melon Tusk and zapped the R&D department tomorrow, then need to triple sales volume (at current gross margin) in order to break even at a net profit level.

tech01x

Well, at least they will also get money from the VW deal through services and software. So that will help bear the overall SG&A as well as R&D costs. They do need to continue to cut COGS for R2. It isn’t clear what pricing and competitive environment it will be in 2026 as R2 tries to ramp up. But from a stock price perspective, the realities of the financials will come later… hope will arise and buy the rumor with the R2 launch will come well before the financial realities will be reported in 2026.

ZeroWashu

Plus the volume they need to sell of the R2 in addition to the other vehicles just to pay to run the company is nearly eight times their volume now. SG&A and R&D combined for $3,489,000,000. They lost $1,200,000,000 producing vehicles selling at a loss across the year. That number will at least drop significantly in 2025 but even if its zero the cost to run the company is just too high for their volumes.

ZeroWashu

SG&A, the cost to run the company, is nearly two billion dollars. While R&D was less than SG&A by two hundred million together they added up to three and half billion dollars. Then we can add in the twelve hundred million dollar loss from the cost of goods to revenue that still have not actually solved, they still sold vehicles at a loss in Q4. The danger other than running out of money is that the VW partnership is prefaced on successfully generating a certain gross profit for two quarters and they haven't met that obviously and this one time credits bump probably doesn't count anyway. To overcome their SG&A and R&D, even dropping R&D under the idea they don't need as much going forward, literally requires them to sell eight times the number of vehicles they do now. They simply are spending too much to run the company.

amigo-burrito

SG calls

HenryObj

IBM seems to be overly represented in your portfolio. I found the stock to be quite expensive given: 1/ rising SG&A costs, 2/ weak operating margin (4.66%). 3/ modest revenue growth (1.44%)+ Mixed picture with -3.49% OCF decline but 10.92% FCF growth, suggesting cost-cutting rather than organic growth Can you tell us more about your thesis for this one?

JulSGP

Dude, as someone from SG, I dont even bother with our local stocks SGX is boring and the only stocks worth buying are the big 3 banks and look at the STI, they make up 50+ percent of it. Hell, even the likes of Grab and whatever local companies go to US as there is liquidity and more attention. The $$$ and excitement is all found in US markets. If you want to make money and 10X, you wont ever find it anywhere in SGX! But if you want a steady stock price increase and (boring) steady dividends increase, then yeah go for those Big 3 banks.

PikaLigero

Thank you for giving me the opportunity to add some clarifications and maybe correct some other misconceptions ;-) - loan repayment is NOT paused until 2029. The old debt matured in 2024 and 2025, the new debt matures in 2029, 2030 and 2032. Per the restructuring contract, all the proceeds from the sale of assets will be used exclusively to reimburse debt, as long as Atos can maintain 1,1 billion of cash. That applies to the 240 million EUR proceeds from the sale of Worldgrid already. - Atos had paused the headcount reduction program due to the financial difficulties. Most of the people who left in 2024 were not in the jobs that Atos wanted to cut. Atos will resume the headcount restructuring now, and in particular add a big reduction in SG&A along with the planned ramp-downs of the BPO and VAR businesses. - the capital increases through share issuances brought 145 million gross in cash, well below the 233 million that were planned. 59 million were subscriptions of shareholders. 9 million from the new CEO and the rest, 75 + 2 million EUR were backstops of the Participating Creditors. - most of the new money that Atos got was in form of 1,6 billion in new debt, at interest rates around 9% + 4% in kind (RCF and bank guarantees are lower + indexed on Euribor). These add to the 1,95 bn in reinstalled old debt.

livingbkk

Yep. I live in Singapore. Tons of companies have their Asian HQs here because there is a good rule of good tax structure. Most of the other countries in the region are too unstable or difficult. A lot of companies in the region will have a smaller office in SG or HK, and then operations in Indonesia, Malaysia, Thailand, etc.

Capable_Gap1992

> Also, a lot of that land was acquired several years ago and probably hasn't been marked to market. Depends on the market obviously but yeah, lot of that land isn't worth what they paid for it. Combine that with rising building costs, higher mortgage rates, higher SG&A.. yikes

Cathie_D_Wood

!banbet SG 5% 2d

Cathie_D_Wood

!banbet SG 5%

WenMunSun

Edit: I realized i ended this a bit abruptly so i want to add the point i'm making is it seems very unlikely to me that Rivian can make all these cuts. In fact i don't think Scaringe or anyone else at Rivian has even admitted that they need to make such cuts. In my opinion all this talk about Gross Margin profitability is a distraction, it's the only shiny thing they can dangle in front of investor's eyes. Remember, Rivian notonly needs to massively increase Revenues, have industry leading margins, and cut R&D and SG&A by 2/3rd just to break even, but it needs to do this while building a new factory, launching two new platforms and vehicles, and while improving and optimizing the current vehicles (because they aren't profitable). I just don't see how that is possible. All of these things should demand MORE upfront spend, not less. And now they have to compete with the Cybertruck which is already outselling their R1, the R2 is 1-1.5 years away, and the R3 is at 2+ years away. They sold 14,183 cars in Q4 which annualizes to around 56.5k. Their R1T now starts at $71,700 which is down from the 2023 starting price of  $74,800. So that's another headwind. I'm not even sure how they survive until the R3 launch. It seems they're betting everything on the R2 which they plan will have a production capacity of 150k/year. But they won't be able to ramp production to 150k in 2026, especially not if they launch in Q2 of 2026. I would be surprised if they even hit a 150k run rate by the end of 2027 to be honest. I also doubt they'll be able to honor the $45,000 starting price tag. I mean the R2 is just a little bit smaller than the R1 and they are struggling with profitability on the R1 at $72k. I mean come on guys, let's be real... the R2 is priced just under the outgoing Model Y ($45k vs $46k). Tesla has huge economies of scale. The R2 looks like it is a little bigger than the Model Y which means even more material cost. When you look at the interior they have more buttons and an extra screen than the Model Y... all of this is nice to have sure - but it all adds cost... There's just no way they can sell these for $45k and have good margins, if they're even profitable at that price. My guess is the real price will come it at $50-55k which would substantially higher than Tesla's Model Y. And what are you paying for? 3 inches more ground clearance and a bigger trunk? The brand? Now i'm sure some non-zero amount of Elon haters will pay just to avoid Tesla's brand but if i needed a semi-off-road capable compact SUV i would just buy a Model Y, buy a lift kit and bigger tires. Probably cost less in the end (assuming the R2 price comes in at $50k+). And don't get me started on Trump repealing Biden's IRA and EV tax credits.

Molassesonthebed

Because the minister just had to admit that only 1% out of the 28% of NVDIA enters SG. That is a huge inflow and outflow of money that should not go un-noticed. Single out? I thought the why is obvious. I talk about NVDIA because this is a thread about NVDIA and US scrutinizing their SG segment of revenue. Of course I stay on topic. Let me be clear. I have no issue with what, where or how a company incorporate, bill, ship etc. I even think NVDIA sanction is a stupid yet unavoidable policy by US. What my original comment is saying is only one: why the minister have to admit it. It will make it harder to sweep under the carpet and have some backroom discussion.

Molassesonthebed

I don't get your point. I am basically implying the same thing as you, and the SG spokeperson in the article imply the same thing too. What I am wondering is why that guy openly admitted it.

hsien88

no, the point is you can't ship the GPUs to China, so if SG isn't getting the GPUs, there is no point for Chinese companies to use SG as intermediaries.

WenMunSun

Gross profitability is still a net loss, you do realize that right? Gross profit is before any and all SG&A, R&D, and Interest, Taxes, and Depreciation. Gross just means they're selling the cars for more than the material and labor inputs of producing them. If the Operating Costs of all the other aspects of business are higher than the Gross Profits then the Net Income (EPS) will ultimately be negative. And this will be the case with Rivian. It is not enough to simply be "Gross Profitable". For Rivian to be Net Profitable and Cash Flow Positive, they need to massively reduce OpEx. And if they can't cut OpEx they will still go bankrupt even if they are Gross Profitable.

Inverse08

The reason why this thing is tanking is primarily due to the slow YOY growth it's had along with declining operating income. Driven largely by the increases in SG&A which is outpacing revenue growth. This company has been bleeding $10M a month over 6 months in 2024. Your post is the furthest thing from an analysis, more of an opinion. Invest and pray I guess.... https://preview.redd.it/cvj887184uje1.png?width=835&format=png&auto=webp&s=e61156150726141646ece2d461484f80e106f7e2