RE:RE:RE:RE:RE:RE:HEXO - NEXT QUARTER EARNINGS $55M ALL INquinlash - (9/24/2021 6:44:36 PM)
RE:RE:RE:RE:RE:HEXO - NEXT QUARTER EARNINGS $55M ALL IN Touran77 wrote:
Quietinvestor wrote:What will losses be??
Most of the loss from zena was due to interest on debts.
Hexo said they would take care of this debts right away.
Redecan is profitable.
48N peanuts.
Hexo we will see :). 10M less in sales last quarter but same loss, nice decrease in costs.
Only Hexo/Zena for the next one.
GLTA!
Tonto
HEXO has been decreasing loses QTR over QTR, that is why they experienced EBITDA improvements for 7 QTRs (almost 2 years). I would suspect that they will be either on par with previous QTR report losses or off by a small percentage on either side of the last report.
The EBITDA measure takes into account.. Interest, Taxes, Depreciation and Amortization hense most of the concerns raised by our nay-sayers will be omitted from the calculation due to what EBITDA does and does not cover. EBITDA is the latest fad - used by unprofitable companies to report something postive to investors in order to distract from NET LOSS.
Basically - a company starts with Net Loss and removes legitimate expenses - like the interest expense it pays on debt - until it reaches "Positive EBITDA" The calculation is done internally by the company and doesnt classify as a GAAP calculation - because the company can pretty much come up with any number they want.
While you'll see the company produce the number with quarterly reports - the EXTERNAL AUDITORS, who follow GAAP and all other regulations dont report it with the Year End Financials, the official, legal financial document.
Bragging about having 7 consecutive quarters of positive EBITDA is an empty boast - the question should be why after 8 years in operation cant Hexo produce an annual net profit.
Profitable companies dont need to brag about positive ebitda - they brag about NET PROFIT.
Warren Buffet refers to companies that use ebitda as 'bush league'.