Here's How Aurora Cannabis Finally Posted an Adjusted EBITDA Profit
Aurora Cannabis (NASDAQ: ACB) hit a long-awaited milestone in its most recent earnings results: adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) profitability. It's not a true accounting profit, but it is what many cannabis companies aim for.
But what does that really mean for investors, and is it a big deal? Here's a closer look at how Aurora achieved an adjusted EBITDA profit, and whether that should impact your decision to buy the stock or not.
Having an adjusted EBITDA profit isn't the same as reporting a positive net income number. There is no reporting standard for adjusted EBITDA per generally accepted accounting principles (GAAP).
Source Fool.com
