As you’ve probably noticed, Amazon is no longer paying us commissions when you shop there. We had been growing that revenue stream quite nicely, and my guess is that they decided they didn’t need us any longer. I’m very disappointed, but wasn’t surprised, since they aren’t doing business with folks like Rakuten anymore, either. It’ll … Continue reading Amazon vs. Walmart
I’m pleased to convey that, provisionally, our September cash gross profit (revenue minus the cash cost of revenue) looks to be 13X last September’s number.
Our Form 1-SA was filed with the SEC on Friday. It’s our financial recap of the first six months of 2021. In this posting I get to go into more detail about what we’ve experienced, why we’ve experienced it, and some thoughts on the balance of the year. All with a focus on cash.
I’m quite pleased with Amazon this month (it’s one of our canaries in our coal mine – a leading indicator). As always, these numbers are preliminary, subject to change without notice, and may be a misguided leading indicator. (Sometimes it’s just the canary’s time to go.)
Good things are happening. Some of them are easy to see publicly (our new member count, for instance). Some will become apparent when we issue our semi-annual financials next month. Some you can interpolate from watching how many shares are being earned.
Each month we’ve been sharing our Amazon results because how we’re doing at Amazon gives us, and you, insights that we think are valuable. This month, we’re adding our membership growth results for additional insights. This post also has an ulterior motive beyond knowledge and insights. It also gives us a chance to nudge you … Continue reading Amazon & Membership July Results
Last week we sent out a newsletter to our Educational list that talked about how we work with Amazon. We had a member have a negative reaction to it and he (Tom W.) wrote me a nicely written, considered email. He likened our highlighting Amazon (and our efforts to get people to use it, even … Continue reading Letter from a Shareholder about Amazon
If we get too big for our britches, call us on it. You own the company. Don’t accept second rate service.
Letter from a Shareholder I love letters from our shareholders. Sometimes the answers involve information that, to be fair to all investors and prospective investors, should be published to everybody at the same time. Sometimes there are great suggestions that everybody should think about. Thus this post. Ryan P writes (and I’ve slightly edited): In … Continue reading Did We Impress?
Update 6/13/19 11:15 a.m. We received qualification today. We have submitted our revised offering for requalification. Depending on how fast the SEC responds to it, it is possible that after June 13 we will not be able to offer stock back rebates for some unknown period of time. Obviously we hope that doesn’t happen, but … Continue reading SEC Upcoming Action