TSX:BBTV.DB - Post by User
Post by
CanadianKiaon Nov 14, 2022 9:42pm
302 Views
Post# 35098580
woahhh
woahhhIts amazing how they try to make everything sound great!
Look at that! Debt Forgiveness lol only way they will get their debts paid off lol
Effective September 30, 2022, BBTV reduced part of its long-term debts by 40% through debt forgiveness to position the Company for a potential new debt financing to further strengthen the balance sheet and fuel growth. This is tough to look at. OUCH!
| Three Months Ended |
| | Q3 2022(1) | Q2 2022(1) | $ Change | % Change |
| Base Solutions revenue | $84,563 | $86,932 | ($2,369) | (3 %) |
| Plus Solutions revenue | $10,513 | $12,996 | ($2,483) | (19 %) |
| Total revenue | $95,076 | $99,928 | ($4,852) | (5 %) |
| Gross profit (which includes PPA
Amortization) | $703 | $806 | ($103) | (13 %) |
| Gross Margin (which includes PPA
Amortization) | 1 % | 1 % | | |
| Adjusted Gross Profit | $ 8,173 | $ 8,266 | ($93) | (1 %) |
| Gross Margin Excluding PPA
Amortization | 9 % | 8 % | | |
| Net loss | ($4,775) | ($14,244) | $9,469 | (66 %) |
| Adjusted EBITDA | ($3,181) | ($5,654) | $2,473 | (44 %) |
| Cash flow from (used in) operating
activities | ($3,286) | ($6,361) | $3,075 | (48 %) |