Q4 2022 Loss...Could Get Ugly Tomorrow...The market lately has punished any technology company that records losses...well...CTS will make it official and post a loss for Q4 2022, in March 2023.
Right now...the estimate is between $5,380,000.00 to $8,780,000.00. The draw down on their Global Credit Facility is now 420 million of the 500 million that was available...they recently had that raised to 600 million...we now know why?
EBITDA...is earnings before interest, taxes, depreciation & amortization.
The interest expense in Q4 was $9,071,000.00.
They continue to burn through cash...last 172 million...now..159.8 million.
Now we can understand why there is no buyers. - Cash on hand was $159.8 million at the end of 2022, and borrowings under the Company’s global revolving credit facility (the “Global Credit Facility”) was approximately $420.0 million
| | | |
| | Q4-2022 | | Q4-2021 |
| Net income (loss) before taxes | $ | (8,780) | $ | (5,380) | | $ | 10,568 |
| Finance expense | 9,071 | 9,071 | | 2,125 |
| Share-based compensation expense | 1,422 | 1,422 | | 1,132 |
| Depreciation and amortization | 26,580 | 26,580 | | 12,596 |
| Foreign exchange loss (gain) | 942 | 942 | | 5,669 |
| Special charges | 11,565 | 11,565 | | 2,595 |
| Adjusted EBITDA | $ | 40,800 | $ | 44,200 | | $ | 34,685 |
All the Best!
Digger0144 Q4-2022
Q4-2021
Net income (loss) before taxes
$
(8,780)
$
(5,380)
$
10,568
Finance expense
9,071
9,071
2,125
Share-based compensation expense
1,422
1,422
1,132
Depreciation and amortization
26,580
26,580
12,596
Foreign exchange loss (gain)
942
942
5,669
Special charges
11,565
11,565
2,595
Adjusted EBITDA
$
40,800
$
44,200
$
34,685