RE:Do the Math
Problem is a 20% drop in high margin revenue with a fixed SG&A cost structure results in a much more significant drop in EBITDA. They were just eeking out some profit in previous quarters and now the business that's left has to grow by 25% just to get back to the same point. EIther that or they need to start slashing SG&A. Whichever they choose will tell you which direction management thinks the business is going.