My understanding is that Adjusted EBITDA allows one to add back other expenses such as rent, investments and other one off items to inflate EBITDA.
In the Dec 22 half operating cash flows were -$128k but investing cash flow was -$4m which contributed to the fall in cash from $16.2m in June 22 to $11.9m in Dec 22. In the briefing today it was mentioned that cash was now around $8m. So it appears to me that some of these investment cash flow items are the problem.
EVS Price at posting:
9.3¢ Sentiment: None Disclosure: Not Held
