I think the 2005 numbers have been lowered for earnings from what they had been reported. They are showing EBITDA, income before interest, taxes, depreciation & depletion. Before in the PR, the income was reported as around $7 mil. AFTER these items. Thus, 2005 will show a loss.
What is the share count has not been answered.
Also, current assets to current liabilities is less than 1.0, showing a working capital deficit. Thus, they need some financing to bolster the working capital. I doubt they are yet in a position to do this from cash flow.
I have been puzzled as to what this "other income" figure is. This is similar in both years of around $7 million. It makes the difference between showing income and loss.
So far, we are still missing huge chunks of information.
Regards,
Anchor
