RE:RE:THEY LOST MONEY YET AGAINYou can't analyze a company like this on net income - has to be on revenue, EBITDA and cash flow. They have more than $11,000,000 a quarter (US$) in depreciation/amortization which greatly distorts the net income figure.
Great to see the strong revenue and EBITDA growth and the EBITDA % up to 23.5% for the quarter. Cash flow of $40.5 million US$ for the year is excellent for company with a $244 million Cdn market cap. The EBITDA for the year works out roughly $67.9 million Cdn, so the stock is trading at roughly 3.6 times trailing EBITDA, very cheap compared to the very strong EBITDA growth rate. And if you annualize the Q4 EBITDA, the stock is trading at just over 3 times. Good to see the bad debts expense cut almost in half. Results look very good to me.