RE:RE:RE:Can someone explainRothschildish wrote: A simple google research would have answered you :
Earnings before interest, tax, depreciation and amortization (EBITDA) is a measure of a company's operating performance. Essentially, it's a way to evaluate a company's performance without having to factor in financing decisions, accounting decisions or tax environments.
For example, amortization isn't a ''real expense'', it is an ''accounting expense''. You can make the choice to not take the expense on your T2 (Canada).
Now, Adjusted EBITDA also factors in or out certain items which can be considered as ''exceptionnal'' or non-recurring. Such as legal fees, expenses to shut-down a facility, etc. The inclusion/exclusion of those elements will vary depending on the judgment of the management/accounting team. Since it is based on judgment, it should NOT be used to make investing decisions, unless you truly understand/believe the management decisions/judgment.
What you are refering to with the 9 million is actually EARNINGS (it is actually 11 millions). Those earnings are based upon accounting norms, IFRS, GAAP, etc. They included a 11 million gain (variation of fair market values and warrants). That IS an exceptionnal element, which won't occur every year and should logically be substracted from the Adjusted EBITDA.
For someone who type so much on this forum, you seem to know little about accounting and how to read financial reports.
What are you going on about? Q3/2015 adjusted ebitda came in at $9 million, yet in this year's Q3 NR and conference call , they elude to the 'prior period" ebitda as being $4.3 million.