Thank you very much for the link and the thoughts.
Printable View
Pretty amazing though if not much new
110 million users is a lot of people
http://nzx-prod-s7fsd7f98s.s3-websit...792/300165.pdf
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I think the important point to me about adjusting for the convertible note isn’t that it turned a loss into a profit but that it provides a more useful comparison to past and future years.
I also don’t think that issuing the convertible note was a great idea, but I accept that the company might not even exist today if it hadn’t done so.
Otherwise pretty much in line with what the company had signalled but always good to see expectations confirmed.