Glycine Revenue
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Casioman
I’m a NYC bus operator. I’ve been into watches since i was a teenager. I love the Casio brand and lately into Invictas. Working my way up to Tag Hueer and Rolex. 👍
Mt Vernon, NY, USA
Member since
Last active: 3 days ago
17.78 cm
You realize this is for Glycine the chemical and not watch right? Invicta does not own the Glycine market.
I know, I thought it was funny. U got it fast. Lmao
Oooh....yes, also a flower. I bet the flower still makes more than Invicta. I am thinking a few of us can probably find enough cash to buy Glycine before Invicta collapses.
Oooh....yes, also a flower. I bet the flower still makes more than Invicta. I am thinking a few of us can probably find enough cash to buy Glycine before Invicta collapses.
Actually, as a whole Invicta watch group does make around 500 million with their entire portfolio. Don’t believe that google search of 32 million. No watch company makes that much.
Actually, as a whole Invicta watch group does make around 500 million with their entire portfolio. Don’t believe that google search of 32 million. No watch company makes that much.
Sales do not equal revenue. Their last annual revenue was about 33 million, which yes, is nothing. I suspect it will be less the next report given recent news. Lots of sites scrape revenue filings, here is a top search result.
https://www.konaequity.com/company/invicta-watch-group-4393761894/
Don’t believe that report. 32 million would bankrupt Invicta. You have any idea how much they spend in operations to run Glycine and Invicta? And Invicta is operating worldwide.
That is cool, you do not have to believe it, but there are dozens of other business data scraping sites that have the similar figure from their filings. The reality is they are a private company and we will never have the whole story, but one only has to look at their spending (licensing and marketing) to see the writing on the wall.
Example; In 2019, their biggest cash cow, ShopHQ's parent company faced delisting from the exchange. Invicta provided a six million injection at the time to try and save them and protect a crucial distribution channel while taking on an equity stake. At that point, the stock was worth $.37 a share...it is now worthless since they filed for bankruptcy in June. I could share other examples, but this will be the last of my free financial insights.
Again, we get it, you are a fan, they have many and brought so many people into the hobby and I owned one early on, but we cannot separate that from the actual business, which looks ominous.
How much you think it costs to operate Glycine which uses mainly swiss movement. I understand they use quartz in lower levels.
But the airman and the sub are selling very well. In fact the Airmen does very well in england and other parts of the world.
And you want me to believe they only make 32 million. It’s a nice size money but not enough to sustain Glycine.
That is cool, you do not have to believe it, but there are dozens of other business data scraping sites that have the similar figure from their filings. The reality is they are a private company and we will never have the whole story, but one only has to look at their spending (licensing and marketing) to see the writing on the wall.
Example; In 2019, their biggest cash cow, ShopHQ's parent company faced delisting from the exchange. Invicta provided a six million injection at the time to try and save them and protect a crucial distribution channel while taking on an equity stake. At that point, the stock was worth $.37 a share...it is now worthless since they filed for bankruptcy in June. I could share other examples, but this will be the last of my free financial insights.
Again, we get it, you are a fan, they have many and brought so many people into the hobby and I owned one early on, but we cannot separate that from the actual business, which looks ominous.
By the way many corporations use bankruptcy to restructure their companies. Exactly what Invicta did. Not sure what u don’t understand.
By the way many corporations use bankruptcy to restructure their companies. Exactly what Invicta did. Not sure what u don’t understand.
You do not need to explain bankruptcy or anything as it relates to corporate finance. Reminder, this was not them that went bankrupt, it was their investment. No firm or person, no matter what, wants their investment to go from $6 million to zero. This is one of many bad decisions. Been a fun discussion.