RE:RE:RE:RE:RE:RE:RE:Investor Presentation - path for growth
Stonksonlyup90 wrote: What is this $1.4m in non-recurring expenses.. is that not the point of "Adjusted EBITDA", to adjust for 1x non-recurring expenses? Seems largely related to transaction expenses.
Going off the top of my head, these non recurring items are transactional costs and I believe delays in certain contracts which lowered margins.
When I look at Solutions Staffing over a 3 month period in Q1 of the fiscal year, I still get over $4m in ebitda. This is not a one off fluke quarter and they were able to achieve this despite of hours billed in the province of Quebec in a secular decline. Keep in mind the company was able to do $8m for the year prior to the acquisition and so $16m is not unrealistic but very much achievable.
With $16m in ebitda, they have ample liquidity to do another transaction while maintaining a debt to ebitda ratio under 3 and without the need to dilute shareholders.