Two things from your post @Tradinator (thank you for sharing)
"and we expect it to be cash flow positive in 2H24e."
I agree and that's with its existing (and much reduced) debt obligations. If ZIP can merely maintain its recently improved margins and metrics it services and eventually pays down the outstanding debt. Hence age old investor fascination with positive cash flows above most things.
Second, are Citigroup and all the other analysts morons? Have they not been paying attention to the HC down-rampers and realised that EBTDA is just a rubbish made up purple mist figure by ZIP to confuse investors?:
"Upgrading earnings forecasts: "With Zip hitting profitability earlier than expected (1Q was cash EBTDA positive, CitIE: ~$6 million), we upgrade our FY24e cash EBTDA forecast from $6 million to $17 million and see upside risk," the analysts said."
Why on earth are Citgroup and other analysts basing forecasts on such a 'made up' metric?
Two things from your post @Tradinator (thank you for...
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