RE:Life's Education Taxes100 million dollars in education. They must be really smart after the fourth quarter.
what is concerning is the doubling negative EBITDA in the fourth.
i knew they would be ugly, but this is really ugly. F N patience, why did i have to be blessed with it, it is so costly, so now i wait Q1 and Q2. They still have cash now means they are burning at less a rate than last year. Wow. (BTW amazon was much worse in the early years)
88 million of loss is impairment of assets and intangibles. (i originally though it would be inventory)
That means that they had assets on the books that were valued higher than the fair value at the end of the year. IE paid to much for greenhouse and obtaining licenses ... It has a no effect on cash. (other than it is spent and gone already, impaired or not)
At least these will make EVE's fourth Q loss look small real real small.