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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Post by tamaracktopon Nov 10, 2021 8:33am
347 Views
Post# 34108888

3 things in Greenlane's release that make Xebec look better

3 things in Greenlane's release that make Xebec look better
"Sales pipeline3 valued at over $850 million as at September 30, 2021."

Why does Greenlane include sales pipeline in their quarterly highlights?
Xebec doesn't 


Gross profit of $3.1 million, gross margin (gross profit excluding amortization) of $3.4 million (25% of revenue).

Why does Greenlane exclude amortization when announcing their margins
Xebec doesn't

and finally:

Management evaluates the Company's performance using a variety of measures, including "Adjusted EBITDA", "gross margin" (gross profit excluding amortization), "sales pipeline" and "sales order backlog". The non-IFRS measures should not be considered as an alternative to or more meaningful than revenue or net loss. These measures do not have a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to other financial measures determined in accordance with IFRS. The Company believes these non-GAAP financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company. Management uses these and other non-IFRS financial measures to exclude the impact of certain expenses and income that must be recognized under IFRS when analyzing consolidated underlying operating performance, as the excluded items are not necessarily reflective of the Company's underlying operating  performance 

This item appears in the notes attached to the financials titled
 NON-IFRS FINANCIAL MEASURES 

You don't see that attached to Xebec's numbers.

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