Always a mixed bag-the cashflow number was positive. However......
Read the fine print on the Adjusted at the end of the preso-it is a joke. If they come out with "EBITA Positive" for the FY but what it actually is adjusted EBITDA positive then I think it is time to be done with this company. All of their numbers are made up, this is why I look at the numbers as per ASX listing rules. They need to be actually profitable, the board has had long enough to make this work, all that has happened is a massive erosion of shareholder value in the past 2 years. No doubt the next quarterly sales will have "record/bumper/amazing/stellar" style adjective to hype the market up. I also call baloney on the constant name dropping-does NASA really see EVS as an integral partner? Same as that city in Saudi Arabia, for a $500m city, what is EVS getting as a share and will it be turned on?
EVS Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
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