Thank you for the clarification. However, please note Overland is not reporting $10 million EBITDA, but less than half of that and only through next two quarters.
The rest is "projected" by unnamed "analysts". So, with the hottest products in tech, a 16,000 man sales force, and global clients they can only project enough earnings to cover this $5 million bailout loan from Cyrus.
Sphere, though they are a publicly traded firm, has offered no guidance whatsoever.