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consultant
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January
Financial report summary
?Management Discussion
- Revenue– Our revenue for the three months ended March 31, 2019 decreased by approximately 15% to $218,737 compared to $258,807 for the three months ended March 31, 2018. Revenue for the nine months ended March 31, 2019 decreased to $826,327 from $880,865 for the same period ended March 31, 2019. The decrease was a result of decreases in tire repairs revenue and used tire sales. Tipping revenue continues to rise.
- Cost of Revenues – Cost of revenue decreased from $234,792 for the three months ended March 31, 2018 to $226,094 for the three months ended March 31, 2019 and from $633,184 for the nine months ended March 31, 2018 to $553,411 for the nine months ended March 31, 2019. This was primarily due to decreases in disposal and scrap costs.
- Gross Profit -As a result of the decreases in cost of revenues gross profit increased by $25,235 for the nine months ended March 31, 2019 despite the decrease in revenue. Gross profit for the three months ended March 31, 2019 decrease by $31,372