Forward Solutions started off the first quarter strong with revenue totalling $109,721.21 USD. Of the revenue generated the largest portion, 84.9%, came from the portfolio of five e-commerce stores being run simultaneously.
Costs Of Sales
The product cost for the five e-commerce stores for Q1 totalled $49,701.75 USD which results in a 46.6% profit margin before operating expenses.
Forward Solutions does not carry any marketing/advertising expenses as we generate sales by utilizing our social media blog.
Aside from Wages & Salaries, the second biggest expenses are processing fees and exchange rate loss from operating in US Dollars within Canada.
Forward Solutions saw an $18,559.67 USD profit in Q1 that will be carried forward into Q2.
CBO | Forward Solutions Inc.