Set forth below is a presentation and reconciliation of our adjusted EBITDA for the nine months ended September 30, 2024 and 2023:
Nine months ended
September 30,
-------------------------
2024 2023
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GAAP net loss (3,108,591) (6,207,002)
Add (deduct)
Depreciation and amortization 2,232,909 2,515,191
Finance cost 1,431,785 1,370,552
Taxation 193,269 76,456
Exchange loss (103,184) 4,102,471
---------- ----------
Adjusted EBITDA $ 646,187 $ 1,857,667
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Adjusted EBITDA is a non-GAAP financial measure. This measurement is not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. See also "Non-GAAP Financial Measures," above.
(END) Dow Jones Newswires
November 13, 2024 09:47 ET (14:47 GMT)
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