Whatever. Still a very poor result for ENG after 9 long years of trying to turn a profit. A $7M loss, read the report again, that stands out like the proverbials.
Pretty atrocious. Does anything else really matter at this point? 9 years........accumulated losses $40M......
What's the point of focusing on EBITDA if there has never been any E?
Give me good old fashioned cashflow & profitibility any day thanks and we all know who has that in this sector, lol.
I thought ENG were going to do much better than they did, I was expecting a 10% jump in revenue and around $3M in losses, this is a dissapointement and they deserve a kicking.
ENG Price at posting:
$1.00 Sentiment: None Disclosure: Held