Absolute Announces Preliminary Financial Results for the Fiscal Quarter Ended September 30, 2020
Summary
Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms and, within this press release, include, without limitation, statements regarding Absolute’s preliminary estimates for revenue, Adjusted EBITDA and net income, and cash flow from operating activities for the three months ended September 30, 2020. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Consistent with its financial disclosure in past quarters, the term Adjusted EBITDA refers to earnings before deducting interest and investment gains (losses), income taxes, amortization of property and equipment and right of use assets, foreign exchange gain or loss, share-based compensation, and restructuring and reorganization charges and post-retirement benefits. The items excluded in the determination of Adjusted EBITDA are share-based compensation, amortization of property and equipment and right of use assets, and restructuring and reorganization charges and certain post-retirement benefits. Readers are cautioned that the disclosure of Adjusted EBITDA is meant to add to, and not replace, the discussion of financial results or cash flows from operations as determined in accordance with IFRS.
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