Quote 1:
“$6 mill fixed costs pa, 45% gross profit margin, and approx $2m marketing. Answer: $5.5 mill EBITDA”
Quote 2:
“Right now, I expect marketing budget to be about the same or modestly higher”
For the sake of clarity... you expect marketing to be equal to or modestly higher than $4.4M.
Quote 3: (when asked how statement 2 fits into statement 1)
“Fits well, thanks”
Wow. Just wow.
All the best with your various forecasts.
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