MGT guided in the past Quipt would be profitable when it hit $130,million in revenue. Now at @ 240mill revenue they are guiding for a couple more years before they are profitable. Sooner or later the market is going to give up on this pig and move on.
Per CC... Michael Freeman
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
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. 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.