Conifex Timber Inc (TSX:CFF)
C$ 0.55 0.02 (3.77%) Market Cap: 22.23 Mil Enterprise Value: 79.79 Mil PE Ratio: 0 PB Ratio: 0.20 GF Score: 60/100
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Q1 2023 Conifex Timber Inc Earnings Call Transcript

May 09, 2023 / 09:00PM GMT
Release Date Price: C$1.49 (+3.47%)
Operator

Good afternoon, ladies and gentlemen. Welcome to the Conifex Timber Inc. Q1 2023 Results. I would now like to turn the meeting over to Mr. Ken Shields. Please go ahead.

Kenneth A. Shields
Conifex Timber Inc. - Chairman, CEO & President

Well, thank you, Michael, and good afternoon, everyone, and welcome to our call covering our Q1 2023 results. Let's quickly deal with a housekeeping item. We will be making forward-looking statements and references to non-IFRS measures, and therefore, call your attention to the warning statements set out on Pages 1 and 2 of the MD&A dated May 9 that we distributed.

Turning to our results. In the first quarter, we reported negative EBITDA of $6.9 million and a net loss of $8.1 million, which was equivalent to $0.20 per Conifex share. This loss lowered our book value per share to $3.51. After depositing $1.25 million in duties, our potentially refundable duties now exceed $1 per Conifex share before any allowances for holdbacks or income taxes on any return of duties. Our Q1 results were below the guidance we

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