Ann: Veris Quarter 1 FY2020 Update, page-4

I agree Ed 1. 9.9% isn't a margin that will see us go forward. Yes it's an improvement but I repeat something I've said for a long time:"no company can exist on a low margin". Is 9.9% a low margin? Indeed it is, when the company targeted 16%. On say $130 million revenue, the extra 6.1% amounts to around $10 million dollars which would go straight to the bottom line. It's the difference between a net loss and a healthy net profit. It is only the latter that will return the share price to where it should be. The focus on EBITDA is a part picture that can be, and is most likely, misleading of the final result. Those disgruntled with the Board will hardly be appeased by this. Until we get to 16% the Board is still falling short of its own target. Would I set 16% as a gross margin? Nope, I wouldn't settle for less than 20%.