I believe the story being conveyed here regarding iQ3 is that they've "trimmed the fat", and EBITDA has improved despite a sizeable reduction in turnover.
As to why the turnover has dropped for iQ3, it could be that some of their contracts are now being handled by other parts of the company where they can take advantage of other efficiencies instead. The important takeaway for mine is that iQ3 is now leaner and operating with more headroom capacity.
All IMO; DYOR.
TNT Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
