RE:RE:$.04 annualized earnings; strong outlook; insider buyingAfter I read your post I spent a little time with the Q3 statements to see if the statement you quoted from the news release was factual. I found, with respect to G&A and finance expense:
G&A in 2015 was around $1 million per Q or $4.15 million for the year, dropping to $3.15 million annual in 2016 and dropping again to $400k per Q or est fiscal year end at $1.6 million. Over the course of 3 years G&A was reduced by over 61%.
Finance costs in 2015 were $3.2 million dropping to $2.2 million in 2016 and dropping again to est $1.6 million for year end 2017. Same 3 years, a 50% reduction.
Resulting gross margin was 23% in 2015, 24% in 2016, 25% for 9 months in 2017 while the 3 month Q3 alone was 29%.
It appears that the figures support a decreasing cost trajectory. EBITDA, although the 2015 and 2016 percentages were unchanged it has increased in the current year, especially in the recent Q3. All in all, the results are showing real improvement.