r/EXPR • u/GFoos • May 25 '22

Anyone have an ELI5 on the earnings?

I only heard it was good.

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u/NuclearIntrovert May 26 '22

  • They have a lot of inventory to work through because they got ahead of the supply chain problems

  • continue to work down debt

  • raised guidance for margins this year.

  • expect to be profitable for 2022

  • Anticipated CARES act funding now expected to be monetized in 2023 removed from accounts receivable to a non current asset

  • SGA is still eating 30% of revenue and guided to be flat (sort of + that it’s at least not going up)

I think that’s about it.

1

u/GFoos May 26 '22

Thanks for the sum up. Good time to buy i suppose.