VRS 2.13% 4.6¢ veris limited

Ann: Veris Ltd Q3 FY2021 Update, page-3

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    So far we know our revenue totals $76 million, and our EBITDA $7 million including $5 million jobseeker for the first half. We don't know if any jobseeker payments contributed to the $1.77 million EBITDA for Q3 because it wasn't reported. I went back through a few quarterlies and some had an extra row at the bottom of the tables labelled "net profit". That's not the case this time so is it a fair guess we made a net loss? Probably. Is there improvement? Possibly. Are the margins at a reasonable level? Not likely. Is the Board on track? I suspect for the first 3 quarters we are still showing a net loss so you be the judge. For me $76 million of work for next to nothing net, means no, but at least the train hasn't derailed.
 
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