FormerXBC Inc XEBEQ

It's too bad

[tamaracktop]

It's too bad Xebec didn't provide a more comprehensive breakdown of the numbers in the Q1 release vis a vis the impact of the legacy issues on the quarterly numbers.

Then I'd have more numbers to crunch.

The more numbers the better.

As it stands, they did say the following in the notes to Q1.

"Adjusted EBITDA excluding legacy BGX activities of ($6.4) million compared to ($1.7) million."

In the Q2 release, this comment follows:

"Adjusted EBITDA (Non-IFRS) excluding legacy RNG contracts increased to a loss of $3.4 million for the three-month period ended June 30, 2022 from a loss of $0.9 million for the same period last year."

Xebec's sequential ebitda has gone from a loss of $6.4 million to a loss of $3.4 million.

The comparison mentioned in the notes referred to the numbers a year ago, and in that respect might be a bit misleading to those who gave the news a cursory glance.

Recent headcount reductions and the work-sharing program in Europe will further reduce costs by $1.25 million per quarter.

Xebec is very clearly on the road to profitability.

Any company showing this kind of revenue growth and demonstrating tangible margin improvement will have no problems whatsoever arranging financing.

When the news comes it will be a "revelation' for the market.

It will leave many players behind.

Xebec isn't a "show me story".

It's a "showing me story".

[Possibleidiot01]

HUH? Isn't this a worse result ? ""Adjusted EBITDA (Non-IFRS) excluding legacy RNG contracts increased to a loss of $3.4 million for the three-month period ended June 30, 2022 from a loss of $0.9 million for the same period last year." Am I living up to my name ?

[tamaracktop]

That's exactly the point I was trying to make. Sequential comparisons are far more telling than comparisons to a year ago, when the old management was at the helm. The new management have only been the decision makers for one complete quarter now... The second quarter. The second quarter saw the ebitda loss halved. Mike Munro clearly stated the company will only undertake projects that are

[Gann999]

A forklift does though

[filoux004]

Too darn impatient, an aircraft carrier doesn't turn on a dime. Are you kidding me? You are delusional, the stock has retraced it's total 5 year rise as for for an aircraft carrier maybe a 50 foot pleasure boat would be more appropriate. As for the mgmt!! They have zero background in alternative energies and we're actors in wiping out shareholder equity during their stints a Prometic

[Possibleidiot01]

That sequential comparison was not positive unless you regard the first quarter under new management as a " kitchen sink" quarter?