I believe the company is trying to under promise and over deliver, since that underwhelming result in Feb 2018. Since then it has been quite clear this is the case.
the original revenue guidance was increased by $6 million yet the Ebtda range didn't. at the time the company said this was due to "pure conservatism".
I'm not sure of the exact disclosure rules, but I think any variance below 10% does not have to be disclosed to the market. $30 million Ebtda is just shy of 8%, therefore does not require disclosure.
if it was me, rather than ramp the shares higher for no reason, I would keep a nice little surprise for results day..... but that's just me
Ann: Advance notice of results briefing, page-8
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