I'm new to BidEnergy amd came across it thanks to Livewire. A fund manager on Livewire made the claim that BID is near profitability, however this doesn't make sense to me. I read a FY19 fin report from earlier this year and BID's NPAT was in the order of -$4.5m (on approx 9m revenue). EBITDA was -$3.9m (after income tax benefit). Can someone help me understand how the FM from Livewire might have concluded that BID is near profitability?
BID Price at posting:
$1.03 Sentiment: None Disclosure: Not Held