Here's EXDS's EBITDA, from their latest 10-Q. Oops, make that LBITDA, it's a loss, not earnings. <g> So how does that theory work when there's negative cash flow?
EBITDA The Company's earnings (loss) before interest, taxes, depreciation, amortization and other non-cash charges ("EBITDA") increased to a loss of $9.6 million for the quarter ended March 31, 1998 from a loss of $2.6 million for the quarter ended March 31, 1997. The increase between the comparison periods was primarily due to increased expenditures needed to support the Company's growth in operations, including network costs, salaries and benefits for additional employees, rent, repairs, utilities and other costs related to the increase in the number of Company's Internet Data Centers as well as increased marketing and sales expenses, consulting fees and professional services. Although EBITDA should not be used as an alternative to operating loss or net cash provided by (used for) operating activities, investing activities or financing activities, each as measured under generally accepted accounting principles, the Company's management believes that EBITDA is an additional meaningful measure of performance and liquidity. |
