RE:RE:RE:Can Do $40 million in 2021 EbitdaWith their line of credit largely paid off, they are generating more cash than is required by their scheduled payments for their term/amortized debt. If they can negotiate an accelerated payment that would be great. They ended 2020 with about $45 million of debt. I think they can generate $15 million of free cash flow next year (and maybe more if the BAR program has more legs).
I think at $30 million of debt, we can start to think about return of capital, either in the form of dividends or buybacks (maybe M&A?).
Revenue declines should slow in Q2...mostly because of easy comps. I'm more focused on overall profit levels. This is a tough business. Revenue declines is part of reality.
Interested to hear about their technology platform they discussed in the release (first I hear of it).