Dynamic Technologies Group Inc - Class A ERILF

Industrials Diversified Industrials

Empire Industries Ltd designs, fabricates, manufactures, erects and sells proprietary engineered products internationally. It operates in the segments of Ride-Systems Manufacturing, Parts & Service and Corporate & Other segments. These include Design and manufacture complex ride systems, Provider of parts and maintenance services to existing ride systems. The group operates its activities internationally.

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Dynamic Technologies Group Inc - Class A

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Comment by poneon May 20, 2015 11:34pm

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Post# 23747824

RE:Free Cash Flow

pone wrote: How is it that Empire cannot produce any free cash flow, even when it is transitioning to most of its business coming from the Media Based Attractions segment? They claim positive EBITDA, but free cash flow never materializes.

As best I can tell, the free cash flow is disappearing into increased receivables. The 2014 revenues were up 20%, but the 2014 accounts receivable was up 28%. The difference might be our potential free cash. Now the question is whether they are just not managing AR correctly, or is there a problem with the business model for Media Attractions that makes them unable to collect cash as quickly as they spend it.

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