Should be close to EBIDTA positive
1. "Adjusted EBITDA loss for the quarter was $900,000 compared to a loss of $2 million in the first quarter of 2019, an improvement of 55% or $1.1 million primarily as a result of decrease in cash operating expenses of $800,000 and incremental benefits resulting from the third-party revenue stream"
AGM minute
2. The trailing $5.17 M revenue of Oregon given in the first graph of the deck shows $800,000 increase compared to 4,370,832 for the 2020Q1.
1&2 show GLH should be very close to the goal of EBIDTA positive specially considering that (2) is only for the Oregon and other states may had improvements too.
I wish the deck report provided more comprehensive data instead of selling the best part of it.
It is surprizing that management refused to comment on the EBIDTA. In the last two quarterly meetings they forcasted to reach a positive EBIDTA in quarter 3 and then "even earlier". But when and where it belongs (Deck presentation) to attract new investors suddenly remembers to do not make forward looking statements. Isn't it the main purpose of the investors prsentation?
from Deck:
Question # 1: What is your current cash position and when do you expect to be EBITDA positive?
.... We do not make forward looking statements.