Ann: ITL Boardroom Media Interview, page-5

Why - well they missed.

Guidance given on 14/6
Revenue $35M
PBT $3.5-$3.8M
EBITDA $5M

Actual result today
Revenue $34.8M
PBT $3.6M
EBITDA $4.8M

Interesting to release guidance with 2 weeks left in the FY.  Interestingly, that day TBF ceased to be substantial.  Interesting too that the numbers came in below as I thought the management here were underpromisers and overdeliverers?  I was certainly hoping for a beat on their guidance or at least in-line.   Maybe they went bullish in June to create the liquidity to exit TBF.