Prepared by Titus Kuepfer · Prosynergy Bookkeeping
Accrual Basis · Confidential
Titus walks you through the May highlights — revenue record, margin collapse, and what to watch in June.
Revenue hit $537K — a new high. But materials cost $470K alone (88% of revenue), dropping gross margin from 34% in April to 9% in May and producing a $37K loss.
Review job pricing vs. current asphalt costs going into JuneTravis Freed ($175K) and Jeremy Weaver ($174K) are fresh billings that should pay soon. Jerry Martin ($60K) has been in the 90+ bucket since April — that one needs a call.
Follow up with Jerry Martin this weekPennsy Supply ($207K) and New Enterprise Stone & Lime ($206K) — both current. Cash at $810K covers it. Collect from Freed and Weaver first to stay above $700K after the payoff.
Chase Freed + Weaver by June 15| Feb 2026 | Mar 2026 | Apr 2026 | May 2026 | 4-Mo Avg | |
|---|---|---|---|---|---|
| Revenue | $23,440 | $138,360 | $399,725 | $537,992 | $274,879 |
| COGS | $10,338 | $121,271 | $262,107 | $488,867 | $220,646 |
| Gross Profit | $13,102 | $17,089 | $137,618 | $49,125 | $54,234 |
| Gross Margin % | 55.9% | 12.4% | 34.4% | 9.1% | 19.6% |
| Total OpEx | $45,051 | $88,015 | $61,332 | $86,315 | $70,178 |
| Net Income | -$31,867 | -$70,406 | $77,587 | -$37,191 | -$15,469 |
| Net Margin % | -136% | -50.9% | +19.4% | -6.9% | -5.6% |
Feb was pre-season — minimal paving activity. 4-month avg includes Feb ramp-up period.
MAY 2026
| Line | Budget | Actual | Variance |
|---|---|---|---|
| Revenue | $600,000 | $537,992 | -$62,008 |
| COGS % | 76% | 91% | +15pp |
| Gross Profit | $141,100 | $49,125 | -$91,975 |
| Op Expenses | $64,800 | $86,315 | -$21,515 |
| Net Income | $76,300 | -$37,190 | -$113,490 |
YEAR TO DATE (Jan–May)
| Line | Target | Actual | Variance |
|---|---|---|---|
| Revenue | $1,235,000 | $1,201,419 | -$33,581 |
| Gross Profit | $290,431 | $246,813 | -$43,618 |
| Op Expenses | $133,845 | $316,711 | -$182,866 |
| Net Income | $156,586 | -$69,898 | -$226,484 |
⚠ YTD revenue is 97% of budget. YTD OpEx is 237% of budget — operating costs are the gap.
$472K in A/P is due in June. Pennsy Supply ($207K) and New Enterprise Stone & Lime ($206K) account for 88% of it — both current.
~$472K cash outflow. Current cash $810K — coverage is solid.
Chase Travis Freed ($175K) and Jeremy Weaver ($174K) for payment before the A/P goes out. Collecting both keeps cash above $700K after the full payoff.
Deadline: June 15This report was prepared by Prosynergy Bookkeeping for management use only. All figures are derived from QBO exports on an accrual basis as of May 31, 2026. This is not a tax return, audit, or certified financial statement. Consult your CPA for tax or compliance matters.