Secure Point Technologies Inc (fka IMSCQ)

[b9molecule]

Walrus - not out of debt at the end of the year. Operating on a profitable EBITDA basis

EBITDA - earnings before interest, taxes, depreciation, and amortization

Computed by subtracting cost of sales and operating expenses (but not amortization and/or depreciation, interest, and taxes) from total revenue. EBITDA figure is used usually as a measure of the financial performance of a firm with large capital, restructuring, or acquisition costs (i.e. debt)