Loss before income tax = -$3.4 million
add back: share based payments: $1.3 million
add back: impairment expense: $1.36 million
= $700k of losses
Take -$0.7m / $9.656m of revenue = -7% profit margin. The cash burn situation isn't that bad.
But does anyone know why there is a huge impairment expense?
Ann: Preliminary Final Report, page-7
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