Cardiff Lexington Corp (CDIX)

[SunshineSmiles]

From the CDIX 8K afterhours:

In 2017 Platinum Tax Defenders reported $3.2 million in revenue; and adjusted EBITDA of $457,000. This merger provides Cardiff Lexington entry into the ever-growing tax resolution business.


Here is a definition of revenues compared to EBITDA: https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-ebitda.asp

Gross profit = Revenue - Cost of Goods Sold

Revenue is the total amount of income earned from sales in a period. Revenue is also be called net sales because discounts and deductions from returned merchandise may have been deducted. Revenue is considered the top line earnings number for a company since it's located at the top of the income statement.


EBITDA = Operating Income + Depreciation and Amortization

Operating income is a company's profit after subtracting operating expenses or the costs of running the daily business. Operating income helps investors separate out the earnings for the company's operating performance by excluding interest and taxes.


So even though Platinum Tax Defenders reported a 3.2 million in revenues they actually put in their pockets $475K after all bills were paid.

Who knows? LOL