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IQE sales are vanity and EBITDA is bullshit earnings, adjusted or otherwise

By Tom Winnifrith | Tuesday 10 September 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Americo Lemos the CEO of chip maker IQE (IQE) gushes enthusiastically about growing sales and a return to a positive adjusted EBITDA as he unveiled half calendar year results today. Is he trying to fool himself or investors? If it’s the latter he has failed as the shares have slumped back to sub 20p.
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