Mar. 2 at 2:19 PM
$CGTL The company's core business of selling recycled electronics is still generating a profit at the most basic level (gross profit). However, the large, non-cash share-based compensation expense of
$15.8 million was the primary factor that turned the gross profit into a deep net loss . This expense is recorded on the income statement but does not represent cash going out the door, which is an important distinction for assessing cash flow.
