RE:RE:ebitda emphasis is sort changing the co.The example used trailing no.s for comparision purposes only....we know that Q4 ebitda is to be 25% higher than Q1 editda, so
1.25 x $10.85 = $13.56 for a $54.25 million annualized run rate
EV / ebitda multiple of 7 => $380 mil EV
less debt of $136.5 => $243.25 mkt cap
117 mil shs. => $2.08