RE:RE:RE:FACTS from CC...Further Improvement in Revenue and EBITDA in Q3, Q4 dbeaude,
With all due respect, I recommend you to listen to the CC carefully to confirm that TID had 3 ONE TIME costs in Q2 2013 that impacted negatively the net income and EBITDA. These ONE TIME costs were:
- 1,8 million associated with a Depreciation item.
- 1,7 million associated with Drillfor acquisition.
- 1,1 million associated with a write down item.
This totals ~$4,5 million.
If it was not these costs, EBITDA would be higher than $15 million.
Matt Moorman says it clearly, please check it out.
EBITDA is on the rise and it is expected to rise MATERIALLY (as they said) in Q4 2013.