Bullboard - Stock Discussion Forum Magnet Forensics Inc. MAGTF

Technology Software - Application

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

Add To Watchlist

OTCPK:MAGTF - Post Discussion

Magnet Forensics Inc. > Q4 income and EBITDA miss

View:

Post by cleareye on Mar 10, 2022 6:59am

Q4 income and EBITDA miss

The "market" may not like the miss on income and EBITDA for Q4. I am encouraged by the growth of the top line and the annual growth in EBITDA and the great outlook. This service seems incredibly timely with current cyber attack alerts. But, well see how the market reacts this morning.

From the News Release:

Net Income was $0.8 million, a decrease of $3.7 million compared to $4.5 million. The change is primarily due to increased investments in Research & Development and Sales & Marketing, including restricted share unit expenses for 2021 awards in the period. The benefit of $0.5 million in assistance received under certain government programs as a result of the COVID-19 pandemic in the prior period was partially offset by increased gross profit.
Adjusted EBITDA1 was $4.7 million, a decrease of $1.1 million from the prior period, primarily due to the investments mentioned above and the assistance received from the government program in the prior period.

109