Each year at this time we receive a report from our accountants telling us how we did for the year. During 2018, we produced a record amount of speakers. Despite that, we didn't show a profit for the year. This is mainly due to the fact that we set our pricing once a year and then get frequent price increases from our various suppliers. The value of the dollar also impacts our costs, as does the impact of tariffs on commodity pricing world-wide. All of these reduce the margins built into our pricing from the previous year.
That said, we will obviously have to adjust our pricing accordingly.
Over the years, our goal has been to produce speakers of the highest quality at the lowest possible prices. We are basically trying to cover our costs.
When adjusting pricing, we always like to provide potential customers a head's up so that they can act in sufficient time to avoid any increase in cost.
We expect to have updated pricing in place by April 1st.
Thanks for your understanding...