RE:RE:Confusion on EarningsI’m even more confused with the reporting, but I hope one of you can explain.
They are reporting EPS fully diluted, using 31.7 million shares. The shares to be issued in accordance with the takeover of STS will be issued over the next 14 quarters. I was calculating shares outstanding at the end of fiscal 2022 at 21.8 million.
Don’t know the reason for this. Was it just to make the loss look smaller per share, or is this mandatory. In any case it will also make profit per share look smaller once the company returns to profitability.
Personally, I think the reason for the big hit last week was the negative earnings. Investors were looking for results by now from synergies of the merger. The results were definitely there for Revenue and Ebita, but we need the earnings too. They need to correct this.
GLTA