EBITDA Q3 CC Transcript - Nov 11 2021
Ernest Cleave
Lee, thank you for your questions again and we appreciate your support…. So I just did some quick numbers, yes, just off the face of our financials. We are probably in the region of about $50 million EBITDA give or take just based on some rough calculation I just did. If you look at Q4, I'd anticipate something between $20 million to $25 million of additional EBITDA. So it may be more, but we're going to end the year on about $75 million in EBITDA, Lee.
So Cleave expected EBITDA to be "something between US$20M - 25M" or even more for Q4-21. He also expected "to end the year on about US$75M in EBITDA".
The actual Q4-21 EBITDA = ~US$6M and the actual full year EBITDA = ~US$55M.
Cleave did the above estimation of the company's EBITDA with only 1.5 months to go before the end of the year. How could his estimation be so wrong? And he is the CEO?