RE:RE:RE:Clarushmm, something is up here, they came out in March, gave guidance of 55-60M non IFRS revenue, and then in May came out again re-affirming the 55-60M non IFRS number (78-83 IFRS Rev). So they have either dropped revenue, which seems odd, I would think if they were going to drop as much as Clarus has stated, Q1 EPS was (0.11) so getting down to (0.40) EPS would state either a big revenue drop, or a massive increase in costs, but they have been cutting costs as per the San Fran layoffs.
Here's the 2 guidance statements:
Mar 2016:
2016 Financial Guidance
For fiscal 2016, the Company expects to achieve non-IFRS revenue between $55 million and $60 million (representing an IFRS revenue range of $78 million to $83 million). The difference between IRFS and non-IFRS revenue is the exclusion of our non-cash revenue. Adjusted EBITDA is expected to be between $4.2 million and $6.2 million. Approximately $6 million of continued development expenditures are expected to be incurred on the UrthePlatform in fiscal 2016. If these development costs were excluded, adjusted EBITDA would increase to between $10.2 million and $12.2 million. The Company expects its first quarter 2016 adjusted EBITDA to be negative.
And May 2016:
The Company is pleased to report Q1 non-IFRS revenues of $6.8 million (IFRS – $12.2 million), a 106% increase over Q1 2015 non-IFRS revenue of $3.3 million (IFRS $5.9 million). While this represents significant year over year growth, the Company expects increasing, sequential growth for the remainder of 2016 and reaffirms its guidance to achieve non-IFRS revenue between $55 million and $60 million (representing an IFRS revenue range of $78 million to $83 million) in fiscal 2016.
There must be something they know that hasn't been reported yet. Everything out the last few days has been positive, and DGI Q2 beat estimates, hopefully illustrating some growth in the Q for EO Market oppourtunities.
Something seems off here.,.....
CBS