They're investing for growth, outlook was always to run close to zero EBITDA (goal is to maintain positive EBITDA, not to increase it or even target profitability). They know that every dollar they spend now will result in a lot more down the track, so why would they not spend the additional revenue as it comes in?
Trading a short term sugar rush of increasing EBITDA & net profitability for long term growth.
From memory someone said it better than me last quarter when the same complaint was raised.
SKF Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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