• ajwinemaker@lemmy.whynotdrs.org
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    1 year ago

    Very close to being profitable. Revenue from sales is less (typically not a great indicator), but cost of sales is reduced as well as SG&A, so the business is more efficient. Hence improved overall.

    Cash position very similar to last year.

    All in all this isn’t bad result.

    Descressing sales is a concern, but hard to really understand without more detailed info. While it could mean your competition has taken market share, it could also mean better focus on more profitable products.

    • sadreality@kbin.social
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      1 year ago

      People are also spending less as economic concern are in the air.

      Their cash reserves are now making decent returns on t bills, which is good while they are figuring out/working on the next play.

      I recently visited a store in a mall and it was not looking well. I wanted to buy physical used copies for console but selection was weak.

      I guess they will be e-commerce first company but I do have they update store format and continue to carry physical media. Its a niche market but I think gamers might trying to go back to disk in current SaaS bullshit environment.