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Tenet Fintech Group Inc. C.PKK

Alternate Symbol(s):  PKKFF

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members.


CSE:PKK - Post by User

Post by lscfaon May 03, 2022 12:35am
285 Views
Post# 34650053

Mgmt BS

Mgmt BS

It's impossible that $5.4 million of additional revenue would have contributed $8.8 mil in ebitda.   



"Also, if you take away the impairment hit that we took related to the Cubeler acquisition and the fact that almost all the insurance related revenue and profits expected in Q4 were delayed by about two quarters, then the total revenue, EBITDA and net income for the year would actually beat what we had forecasted for 2021."
 

 

 

2021 Actual

 2021 Forecast (Oct)

Difference

Revenue 

103,632,774

109,000,000

5,367,226

Adj Ebitda

2,487,531

11,300,000

8,812,469

Margin

2.40%

10.4%

 

 

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