RE:RE:RE:RE:RE:Gross margin vs attrition rate Torontojay wrote:
Rogg47 wrote: Torontojay wrote: Rogg47, you wouldn't stand a chance against me. I'll spare you the embarrassment unless you really do want to challenge me?
Yes, Ackroo is profitable.
I hope it has been profitable in 2023 but not in 2022, neither in 2021, Financials don't lie!!
I hope it has been profitable in 2023 but not in 2022, neither in 2021, Financials don't lie!! If you looked closely at the financials in 2022, the company incurred a charge of $1,164,978 on a consulting agreement settlement expense. This was a one time expense that significantly reduced the income reported that year. Of course, you probably ignore all of this because it suits your own propose. If you remove the non recurring expense then the company was in fact profitable in 2022. They were profitable in 2020 as well but you failed to report this. The only true bad year they had was 2021 even though adjusted ebitda still came in at $ 409,217.
In the last 6 years the company reported positive adjusted ebitda but I doubt any of this really matters to you.
Ok let say that the expenses related to this settlement weren't related to 2022 but they weren't recognized in the year that they occured so results of that year (overvalued) too should be adjusted by your logic! 2022 losses of $2 036 940, settlement of $1 164 978, still give us a loss of $871 962!! Oupsss.....
So 2020 they were profitable?!? Hummmmm looking at the FS, they've lost $1 302 626! Oupsss again.... 2019, another loss, this time of $1 179 441. I'm pretty sure you know that website but just in case, my suggestion to you is that you should take a look at Sedarplus before posting your numbers!! ;-)
https://www.sedarplus.ca/landingpage/ You will have to give me your "profitable" definition!!...
Do you know that a company could file bankruptcy even if they have postivie EBITDA?? Positive but not enough to cover their debt payments?!....