I noticed that guidance for 2024 forecast an EDITDA of $3.5-4.0M but during the webcast Ben estimated that the net profit would be break-even. Some critics, including Warren Buffett, call EBITDA meaningless because it omits depreciation and capital costs.
Nevertheless, as guidance is based on current orders, I guess we can expect the figure to be conservative and will be boosted by additional work booked throughout the current year. Certainly the most positive 4C in a long time and it seems we are now heading in the right direction.
I noticed that guidance for 2024 forecast an EDITDA of $3.5-4.0M...
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