TSXV:NYX.DB - Post Discussion
Post by
stocksnbonds on Nov 17, 2017 5:12pm
Financials out
Financials look good but scroll to the bottom......
This is what is presented at first in the highlights.
Third Quarter 2017 Highlights
- Revenue of $58.5 million, or growth of 7.7% year-over-year;
- Royalty and license revenue of $35.8 million, or growth of 35.2% year-over-year;
- Adjusted EBITDA of $17.4 million, an increase of 20.2% over the prior year period;
- Adjusted EBITDA margin of 29.8% compared to 26.7% for the prior year period;
- Net cash provided by operating activities of $34.3 million for the nine months ended September 30, 2017 compared to net cash provided by operating activities of $17.8 million for the prior year period;
- Signed 18 new agreements for the Open Platform System and Open Gaming System;
- Launched OGS content across 12 new client sites; and
- As of September 30, 2017, held development commitments with 40 customers that have not yet launched.
The company has been losing money throughout the year. It's concentrated on EBITDA yet not focusing on the simple profits and losses. This is why they sold the firm. The company was in no position to sustain the debt. They needed to chop costs and did not. See below the basic profit and loss numbers below the fancy highlights in the PR.
Three Months Ended September 30, Nine Months Ended September 30, CAD$ (in 000s)
2017 2016 2017 Net income (loss)
$(10,941) $ 41,350 $ (29,483)
They have a TOTAL LOSS for the year of 29 million so far !!! I still feel a competent group of managers and CEO can bring this company to a valuation it truly deserves. $2.40 takeout is a joke whether it goes through or not. This firm was managed into the ground. I hope shareholders excluding Davey get their reward. He held the firm back and still is. It was WH that brought OB to the table. People forget that. WH is simply looking for a guarantee that it's investment in the software comes through, hence it bought into NYX. Davey is a poor CEO. Just my opinion.
Good luck all,
sb
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