FormerXBC Inc XEBEQ

No more surprises

[ZouZS3]

They are also providing guidance for adjusted EBITDA margins in the range of -3.0% to -5.0%. I really think that the market saw this coming way ahead of time & may not impact the stock price as much

[Mick67]

1) EBITDA margin is postive in Q3. Turning the corner. 2) Guidance pre UEC unchanged. Revenue increase due to UEC and margin change also UEC. UEC is lower margin 3) Change in revenue recognition prudent and explains why low end of pre quarter revenue guidance. 4) Implied Q4 EBITDA remains positive and supports a profitable 2022 outlook. 5) SUpply chain challenges shouldnt surprise anyone. If you

[ZouZS3]

Adjusted EBITDA starts with EBITDA and adjusts for Stock-based compensation expenses, impairment of inventories, exchange gain/loss on the obligation arising from non-controlling interest participation in a subsidiary, foreign exchange loss (gain), accretion of debt, impairment charge of tangible assets, and one-time payment arising from the prior departure of employees and legal costs.

[newcoin]

Well said, Mick. You hit it right on.

[Mick67]

also look at the mda.  There is a $6mm loss hitting EPS for prior departure of employees.  Remove that one time and that makes the clean EPS minus two to minus three cents. thats what consensus was looking for. The analysts on average also looked for negative EBITDA. So while revenues a bit light (justified by revenue recognition and supply chain) the numbers  are turning once you

[Ciao]

Just to spell it out for others: Gross margins of 38% vs 24% and as for revenue recognition of BGX units, opening remarks explained this and thus lower rev than some expected