The bottom line is sadly weighed down by the write-down of Life By You
As for overall revenue, it fell by 22%
This is a big blow, but it's not as bad as it sounds. They just deducted the loss of LBY from their gains this quarter. All bills and payroll is still being paid, and next quarter they will brag about the increased profit margin while announcing whatever new project is going to replace LBY.
This is a big blow, but it's not as bad as it sounds. They just deducted the loss of LBY from their gains this quarter. All bills and payroll is still being paid, and next quarter they will brag about the increased profit margin while announcing whatever new project is going to replace LBY.