Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

It is important to understand what is meant when I say Elite's EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION. So, let's look at the numbers and perhaps it will become clear...

The insert below is from Elite' Q2 2022. Please note the line that says income BEFORE TAXES is larger than the number of the line that says net income. That its the point...EBITDA is higher because it is BEFORE EXPENSES ARE DEDUCTED...However, when they are the BOTTOM LINE THE NUMBER IS SMALLER BECAUSE NET INCOME is the profits of a company that are left over AFTER ALL EXPENSES HAVE BEEN PAID...NOT BEFORE! https://www.myaccountingcourse.com/accounting-dictionary/net-income#:~:text=In%20other%20words%2C%20net%20income%20is%20the%20profits,have%20a%20net%20loss%20instead%20of%20net%20income.

AND HERE IS THE SLICE OF ELITE MORE RECENT 10Q FOR ILLUSTRATIVE PURPOSES. If there is continued confusion, it is not that I cannot help further, it is that...I will not!