RE:RE:RE:RE:RE:RE:QIPT Financial Forecast - Annual -2024/2028 Michael Freeman
I think we could squeeze just one more in one big shift that we've noticed from ‘22 to ‘23 is the shift from sort of positive to negative EPS. And I wonder if you provide sort of a rough outlook for 2024 in respect to earnings?
Hardik Mehta
If you know, company year-over-year you'll see some of the few contributors for the positive cashflow, or not cashflow, my bad, positive EPS and net income were related to couple of one-time items back in 2022. The biggest one was related to forgiveness of the government grants that companies like us received through covid. So with things of that nature were definitely helpful in the positive EPS at the end of last year. In terms of 2023 the factors against us, is certainly the higher interest rate, is depressing the margins. But as far as going into future, I would say we would be, we would be either neutral or slightly negative, and most of that will be continued, will attributed towards higher depreciation, amortization and interest expenses that is expected at least in the next two years.