hElp

Etched Agenda – Adam, Mark, Josh, Justin, Elton, Kenna and Beth

7/22/2021

June 2021 Financials Review

· Dashboard 

· Debt Coverage at 2.65 YTD

· Revenue $219k for the month

· Profit & Loss / Budget vs Actual  

· Gross Profit at 46% 

· 12-month trailing was 37.21% 

· June 2021 was 50.93% 

· June total expenses $49k vs $61k in May

· EBITDA at about $62k for June 

· Net Income is $152k for June  

· YOY P&L 

· Total YTD sales are $232k over 2020 Jan-June - up 28% 

· Gross Profit is up $119k (33%) from YTD 2020 

· Operating Income is up $138K (227%) from Jan-June 2020 

· Balance Sheet 

· Cash is up $84k from May 

· AR is down $4k from May 

Meeting Agenda 

· Quick Items 

· Questions on June 2021 Financials and related items 

· June Cash Flow versus expectations 

· Rigging vs. OEM 

· 2021 Forecast 

· Any Changes 

· Thoughts/concerns 

· Breakeven/Partner Income/Owner Pay requirements moving forward 

· Tax/Planning Items 

· Personal Tax update

· Partners’ Choice 

Notes:

Action Items: