CAT 0.56% $1.78 catapult group international ltd

Ann: Catapult Reaffirms FCF Positive Guidance, After Strong Qrt, page-8

  1. 22 Posts.
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    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?

 
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