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EBTDA |
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EBITDA margin is calculated as EBTDA divided by total revenues. The Company's cash position at year-end was approximately $36 million which, based on management's current projections, is expected to be sufficient to take the Company to EBTDA profitability. EBTDA is not presented as an alternative to operating results or cash flow from operations as determined by generally accepted accounting principles ("GAAP"), but rather to provide additional information related to the ability of the company to meet current trade obligations and debt service requirements. |
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