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10-Q/A
2010 Q2
DPDW Deep Down, Inc.
7 Mar 11
Quarterly report (amended)
7:00pm
EBITDA . EBITDA is a non-US GAAP financial measure. We use EBITDA as an unaudited supplemental financial measure to assess the financial performance of our assets without regard to financing methods, capital structures, taxes or historical cost basis; and to assess our liquidity and operating performance over time in relation to other companies that own similar assets and that we believe calculate EBITDA in a similar manner; and to assess the ability of our assets to generate cash sufficient for us to pay potential interest costs. We also understand that such data are used by investors to assess our performance. However, the term EBITDA is not defined under US GAAP and EBITDA is not a measure of operating income, operating performance or liquidity presented in accordance with US GAAP. When assessing our operating performance or liquidity, investors should not consider this data in isolation or as a substitute for net income, cash flow from operating activities, or other cash flow data calculated in accordance with US GAAP. EBITDA for the six months ended June 30, 2010 was negative $696 compared to negative $1,843 for the same period last year. This improvement was primarily driven by the increase in gross profit, partially offset by higher SG&A expenses.
Six Months Ended
June 30,
20102009
(As restated)
Net loss$(2, 998)$(2,491)
Add back interest expense, net of interest income274112
Add back depreciation and amortization expense1,9891,524
Add back income tax expense (benefit)39(988)
EBITDA$(696)$(1,843)
10-Q
2010 Q2
DPDW Deep Down, Inc.
15 Aug 10
Quarterly report
8:00pm
EBITDA . EBITDA is a non-US GAAP financial measure. We use EBITDA as an unaudited supplemental financial measure to assess the financial performance of our assets without regard to financing methods, capital structures, taxes or historical cost basis; and to assess our liquidity and operating performance over time in relation to other companies that own similar assets and that we believe calculate EBITDA in a similar manner; and to assess the ability of our assets to generate cash sufficient for us to pay potential interest costs. We also understand that such data are used by investors to assess our performance. However, the term EBITDA is not defined under US GAAP and EBITDA is not a measure of operating income, operating performance or liquidity presented in accordance with US GAAP. When assessing our operating performance or liquidity, investors should not consider this data in isolation or as a substitute for net income, cash flow from operating activities, or other cash flow data calculated in accordance with US GAAP. EBITDA for the six months ended June 30, 2010 was negative $286 compared to negative $1,843 for the same period last year. This improvement was primarily driven by the increase in gross profit, partially offset by higher SG&A expenses.
Six Months Ended
June 30,
20102009
Net loss$(2,588)$(2,491)
Add back interest expense, net of interest income274112
Add back depreciation and amortization expense1,9891,524
Add back income tax expense (benefit)39(988)
EBITDA$(286)$(1,843)
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