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Re: player1234 post# 69850

Friday, 02/10/2023 11:01:43 AM

Friday, February 10, 2023 11:01:43 AM

Post# of 70339
No one fell for the phony "adjusted" numbers. Their real numbers were worse than expected

Even their PR has all over it that "Adjusted EBITDA is a Non-GAAP Measure". Meaning it is not generally accepted. Fun stuff in the "adjustments":

Out-of-period adjustments $516,000
Non-recurring items $6,803,000
Markets under development $1,073,000

That's $8.3m of phony stuff

Oh wait, don't forget almost $12m in "Business Transformation related charges"

No one is buying it

"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry

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