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10-04-2017, 09:07 PM
I saw some figures while reading TheEdge article on this company.
Quoted from TheEdge article on UnUsUaL:
"For the 9 months to Dec last year, revenue fell 28% to $16million. Earnings, however, grew 38% to $3.8million.......... It also recorded a $1.6million gain, mainly from equipment sales."
I haven't looked at UnUsUaL in detail, but just based on this article, this means that prior year earnings was $2.75mil (since it rose 38%)
Without the $1.6mil gain from equipment sales though, current year earnings would be (3.8mil - 1.6mil) = $2.2mil.
In other words, real earnings, taking out the 1 off earnings from "equipment sales" would actually have DROPPED from $2.75mil to $2.2mil.
Isn't it a bit of a coincidence that an extraordinary gain from equipment sales, changed the earnings picture from a drop, to a 38% rise, JUST BEFORE IPO?
I wonder how many folks who have contributed to the massive rise today really looked at these figures.
Quoted from TheEdge article on UnUsUaL:
"For the 9 months to Dec last year, revenue fell 28% to $16million. Earnings, however, grew 38% to $3.8million.......... It also recorded a $1.6million gain, mainly from equipment sales."
I haven't looked at UnUsUaL in detail, but just based on this article, this means that prior year earnings was $2.75mil (since it rose 38%)
Without the $1.6mil gain from equipment sales though, current year earnings would be (3.8mil - 1.6mil) = $2.2mil.
In other words, real earnings, taking out the 1 off earnings from "equipment sales" would actually have DROPPED from $2.75mil to $2.2mil.
Isn't it a bit of a coincidence that an extraordinary gain from equipment sales, changed the earnings picture from a drop, to a 38% rise, JUST BEFORE IPO?
I wonder how many folks who have contributed to the massive rise today really looked at these figures.