BBTV Holdings 7 Unsecured Convertible Debentures T.BBTV.DB

woahhh

[CanadianKia]

Its amazing how they try to make everything sound great! 

Look at that! Debt Forgiveness lol only way they will get their debts paid off lol 

Effective September 30, 2022, BBTV reduced part of its long-term debts by 40% through debt forgiveness to position the Company for a potential new debt financing to further strengthen the balance sheet and fuel growth.

This is tough to look at. OUCH! 

Three Months Ended
	Q3 2022(1)	Q2 2022(1)	$ Change	% Change
Base Solutions revenue	$84,563	$86,932	($2,369)	(3 %)
Plus Solutions revenue	$10,513	$12,996	($2,483)	(19 %)
Total revenue	$95,076	$99,928	($4,852)	(5 %)
Gross profit (which includes PPA Amortization)	$703	$806	($103)	(13 %)
Gross Margin (which includes PPA Amortization)	1 %	1 %
Adjusted Gross Profit	$ 8,173	$ 8,266	($93)	(1 %)
Gross Margin Excluding PPA Amortization	9 %	8 %
Net loss	($4,775)	($14,244)	$9,469	(66 %)
Adjusted EBITDA	($3,181)	($5,654)	$2,473	(44 %)
Cash flow from (used in) operating activities	($3,286)	($6,361)	$3,075	(48 %)

[JohnnyStonks]

The debt forgiveness was last month's news little fella, try and keep up. Earnings are as expected but the tailwinds are amazing. Cost reduction is working great so far with more room to further reduce and the short video content is rapidly growing, which gets monetized January 1st.

[CanadianKia]

A reminder to all the insiders that the below information is public information. Learn to read the below. it is terrifying to look at as investor.  Their so called savior model of PLUS is decreasing quarterly. what a win!!!