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Numerex Corp. (NMRX) Message Board

  • eggplant101 eggplant101 Nov 9, 2013 5:40 PM Flag

    For Real?

    "Adjusted EBITDA per share"? Who reports that kind of BS number? Who are the clowns running this company, and do they think we all are idiots?

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    • If you do a web search search on this term, like I did, you will find that lots of companies, mostly smaller ones (and a few larger ones that I recognized, like Wendy's), include this metric in their reporting. Obviously doing this is relatively common.

      The NMRX quarterly earnings press release contained, near the end, a substantial discussion of reporting Adjusted EBITDA per share, and included this statement "Although we believe, for the foregoing reasons, that the presentation of non-GAAP financial measures provides useful supplemental information to investors regarding our results of operations, the non-GAAP financial measures should only be considered in addition to, and not as a substitute for, or superior to, any measure of financial performance prepared in accordance with GAAP." The company's accountants agreed with management's decisions in this regard.

      I conclude that your negative characterization of the reporting is unwarranted.

      Sentiment: Buy

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