That group should be called Wall Street Simpletons. Yes profit went backwards if you don't adjust for a one-off tax and R&D adjustment that totaled 100% of their profit.
"The previous financial year included a one-time benefit arising from previously unrecognised tax losses and deferred research and development expenditure of US$20.9 million, which contributed to the net gain of US$18.8 million"
Adjust for that and a $2m loss became a 16m profit - looks like good growth to me. Never mind that EBITDAF grew >1500% last year and is expected to more than double this year. I'll take that.
PPH Price at posting:
$1.44 Sentiment: Buy Disclosure: Held