I really only understand the EBITDA line as all amortisation, depreciation and other stuff seems to swing all over the place.
If you look at page 41 of the presentation they actually made a $2.8 million EBITDA loss compared to a $4.1 million profit last year, this is after adding back the change of accounting of $4.7 million of costs that were previously in the EBITDA number. Hiding this sort of easy comparison down at page 41 is rather deceptive IMO. Its actually makes the front part of the presentation misleading when they only claim a 55% reduction in EBITDA when its actually more like a 168% reduction in EBITDA.
The Board of this company excels at confusing and misleading shareholders.
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