That EBITDA figure you refer to is a past figure, so don't get fooled by that. EBITDA this year is going to be significantly impaired because of the cyber incident. What future EBITDA looks like beyond that is anyone's guess as no one knows what impact that incident has had on clients and renewals. Also, revenue has been declining for years, so EBITDA was eroding even before the cyber incident. The incident was like rubbing salt into an existing wound
There's a big holder that is obviously in the process of ridding itself of its holding in the company. Looks like they have sold about half of their position so far. It seems that the cyber attack was the final straw for them. They have taken a massive loss on their original investment.
Add to My Watchlist
What is My Watchlist?