Depreciation?????
Can someone tell me if their treatment of COGS is typical? It seems very suss to me!!
Rather than treat the hardware they manufacture and sell as COGS - they deflate their Cost of Goods Sold and pretend their gross margins are high.
Then filter the COGS through the Depreciation line?
Ann: Catapult Reaffirms FCF Positive Guidance, After Strong Qrt, page-8
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