RE:RE:RE:No Sedar FilingsCapharnaum wrote: 1. This is not true at all. A minority of companies do their conference calls outside of business hours. Out of the 40ish stocks I invest in, I believe that less than 5 do their conference calls outside of business hours. I'll give Algonquin and Altagas as exemples of companies that report during business hours which aren't small caps.
2. Grasping at straws?
3. Conspiracy theory territory.
4. Probably revenue that is recognized in US GAAP measures by one of their US company but not IFRS. Either way, if they are in Adjusted Ebitda now, they won't be later. You could send them a question if you want to know why they single out those revenues and think they should be added to their Adjusted Ebitda numbers.
5. In general, adjusted gross profit would only incorporate direct costs for providing the service. Unless the amortization of the equipment is use-based, then the equipment amortization shouldn't be in adjusted gross profit.
Imo, only #4 is somewhat interesting, but would mostly result in timing differences (as in, revenue would show up in a different quarter). If costs related to the revenue is included in the quarter's, then it would make sense to include that revenue in the same quarter for reporting.
1. I stand corrected on call timing. Most of the companies I follow are larger cap tech companies that have a pattern calls before/after hours and press releases right before (for the reasons I stated - controlling the narrative).
2. Nope, see #1
3. Lol, no sir. Management teams often shuffle numbers around to make the latest ones look the best, and betting that people forget to look at past numbers. That's not conspiracy, it's investor relations!
4. That's probably incorrect and frankly, doesn't make sense. US GAAP statements are different from IFRS statements because of different rules. I don't know the reason, but I am 100% sure you are incorrect. We need to see balance sheets to see if this is deferred revenue, or something else.
5. You are mostly correct but not completely. Amortization of equipment can be either use based, or time based, and still show up in COGS.