Hi Boogie
Hate to sound like a broken record (see my last post) but your analysis is wrong beacuse you are not comparing apples with apples.
Last year the company a loss of $750k. For 2016 they are predicting a profit of $1.8-$2.0m. A considerable improvement.
This is, as has been mentioned, an apparently conservative forecast so there is hope for further improvements.
If you want to compare 'underlying' (aaaaaagh!!!!!) results then you would need to 'add' several one-offs, share-based expenses and tax breaks to the 'current' forecast of $2m.
Hope that helps.
Cheers
Hi Boogie Hate to sound like a broken record (see my last post)...
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