RE:RE:RE:RE:Atul , KINDLY PLEASE PUT YOUR BUSINESS ON SALEApparently not. Companies tend to spotlight their EBITDA performance when they do not have very impressive (or even positive) net income. It's not always a telltale sign of malicious market trickery, but it can sometimes be used to distract investors from the lack of real profitability. IMO...The market knows that. Which is why the stock is headed to zero. Wake up. If things were good, the stock would be moving up, not down and he would spewing his vile garbage on the conference call. Why no conference call? (Net loss $577,621) The Drawbacks of EBITDA
EBITDA does not fall under generally accepted accounting principles (GAAP) as a measure of financial performance. Because EBITDA is a "non-GAAP" measure, its calculation can vary from one company to the next. It is not uncommon for companies to emphasize EBITDA over net income because it is more flexible and can distract from other problem areas in the financial statements.
An important red flag for investors to watch is when a company starts to report EBITDA prominently when it hasn't done so in the past. This can happen when companies have borrowed heavily or are experiencing rising capital and development costs. In this circumstance, EBITDA can serve as a distraction for investors and may be misleading.
Three Months Ended June 30, 2019 | | | Three Months Ended June 30, 2018 | | | Six Months
Ended June 30, 2019 | | | Six Months
Ended June 30, 2018 | |
| | | USD | | | USD | | | USD | | | USD | |
| Net loss before interest, foreign exchange and taxes | | | (577,621 | ) | | | (1,234,544 | ) | | | (1,131,598 | ) | | | (2,275,668
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