Ann: CM8 achieves significant financial turnaround, page-15

Trade the trade, traders!

CM8 comparing UNDERLYING EBITDA from H1 of 2020 to H1 of 2019.
This announcement showed the difference in UNDERLYING EBITDA losses.
"Underlying" is another word for a company's internal financial reporting, not official ASX reporting numbers. The "unaudited" also makes it obvious.

H1 Revenue was $14m in 2019
H1 Revenue is $8.5m in 2020

FYI this announcement is pretty awful and once people realise it, the share price will tank below today's opening price. It might not happen today, but it will happen when people dig into the financials.


This company has unusual financial reporting because of all the write-downs of intangible assets. So much so, I made a quick video covering the awkward financial reporting and went over the revenue and profit trends of the company. It appears to be in heavy decline in revenues, and I expect this will naturally flow into the profits as well.