OTCQX:HEOFF - Post by User
Comment by
Possibleidiot01on Sep 28, 2022 9:10am
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Post# 34991697
RE:National Bank - Published on the 26th -
RE:National Bank - Published on the 26th - Estimated low on revenues, about right on EBITDA and underestimated profit by a lot .
Here's what concerns me - "The Corporation’s SG&A reached $33.4 M for the year ended June 30, 2022, compared to $25.5 M for the same period of the previous fiscal year, representing an increase of $7.9 M, or 30.9%, while the revenues of the Corporation increased by 27.7%."
Does the company really have costs under control? This is not something you can judge by one report .
"The remainder of the increase is due to the pressure on salaries, the hiring of additional resources (staff) , the resumption of travel activities, as well as higher stock-based compensation costs."