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They have already booked US$7.4 million of future onerous contract losses in the 2023 accounts and reduced minimum guarantees by US$5 million on renewals, as long as no repeat of these then both adjusted and unadjusted profits will return
The total loss before tax for the year was US$16.8 million versus the prior year loss of US$0.4 million, mainly due to the US$7.4 million provision for the future estimated net loss of two onerous contracts and the US$5.1 million loss incurred on the two contracts in 2023.
Was an example. At-least remain balanced. The bottom line is the market dictates the value. Ask yourself why. The figures are mudane at the moment. I know you guys won’t like it and jump at me but thats the bottom line. You can’t say I am like zak who is a serial deramper. Look at my previous posts.
Good point wwkid. And to pluck a figure of £1m profit out of the air what on earth is they about.
With total clarity you have two posters who display the myopic view of AIM. Disregard to all the metrics used by all other stock exchanges to value companies. No wonder no company wants to be here. EBITDA is the internationally recognised measurement of profit. One off cost or income should not be the indicator to the business. Nothing is ever commented upon regarding revenue and market share. Any buyer will be looking at this trend. Any investor should also.
Why isn’t the cash balance -£20m then
Need to focus on statutory profit/loss, this is the key bottom line of what a company is actually making or losing after all costs are taken into account.
Adjusted EBITDA isn't a proper GAAP measurement and excludes a significant number of costs. The adjusted part is highly variable with each company free to have their own definition of 'one off' costs, something to be particularly wary of on aim micro caps.
When rampers here talk about forecasts for this being profitable they mean only adjusted EBITDA, and are being misleading not including that qualifier. Audioboom's actual loss last year was $19.43m.
I can tell you the share price would move significantly and hold its gains if the profit was £1 mill+ as opposed to 100k. There is a reason why the so hasn’t held its gains. Its not difficult to understand that.
I’m with you whatwhatkid. A profit is a profit in any language apart from on AIM who have posters like MOneyman. This is why shares are so undervalued in UK. Always backward looking rather than forward towards future performance. Audioboom have over the past few years always performed as per forecast and better than competitors in a difficult advertising market. Any changes have always been advised well in advance
Why would it be £100k profit again in Q2? Q1 is always historically weak, advance payments. Reduced minimum guarantees, onerous contracts winding down , increased downloads and eCPM
As usual expecting the good news to be announced pre quarter end
100k or so in profit doesn't mean much. You can see the pump before results and some coming on here for a pump, buying at the new support and pumping it until results. The fact is the figures have still not been great in terms of decent profits hence the share price didn’t hold on q1. It will only gain traction when results are much better and buying of these shares will only then exceed the selling.
For now it will float around here maybe making 10/20% or maybe more.
That’s almost a given record revenues. Boom is already profitable
Record revenues and profitable in Q2
Only 16m shares in circulation, one event and these shares will rocket, true value would be above £6 at least if anything happens. Good buying volumes atm.
Calm down. Tide will only turn when AB can generate decent profit from decent revenues.
Big elections are coming up in US and Europe so companies like audio boom will have an extremely busy time with advertising, podcasts etc. Not in yet but can feel the sentiments changing.
Tide is turning quickly
Https://www.cnbc.com/2024/04/27/digital-ad-market-on-mend-as-meta-alphabet-snap-show-faster-growth-.html#:~:text=Advertising%20is%20so%20back.,again%20at%20a%20healthy%20clip.
Big buyer is still loading
Our turn next
Berenberg would have dropped it on just a sniff of a 20k sell.
Mass accumulation in the background, hold your golden nuggets tight.
Imagine bearhuntr3 what Berenberg would have done if there was a 20k sell.
Who is loading?
Another 20,000 shares bought. Large orders being filled in the background.
Roll on Q2 figures
He’s doing what good investors should do. Buy regularly.
He knows much more about the future of this company than any of us. Follow the money.