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Coastal Reports Record Revenue Of $196 Million In Fiscal 2012

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The following selected financial information is qualified in its entirety by, and should be read in conjunction with our audited consolidated financial statements for the fiscal year ended October 31, 2012 and accompanying notes and Management's Discussion and Analysis which may be viewed on SEDAR at www.sedar.com and EDGAR at http://www.sec.gov/edgar/searchedgar/webusers.htm

Coastal's risks and uncertainties are discussed in detail in the Company's Annual Information Form dated December 19, 2012 which is also available on SEDAR and EDGAR.

Adjusted EBITDA as referenced in this news release is a Non-IFRS measure and is defined as earnings before interest, taxes, depreciation and amortization, share based compensation, listing and financing costs and restructuring charges. See "Supplemental Non-IFRS Measures" herein.

The following table provides a reconciliation of net earnings to adjusted EBITDA: 

($000's) 2012 2011 2010
       
Net earnings (loss) (4,878) (5,305) 2,566
Amortization 2,920 2,825 2,272
Interest expense (income), net 517 275 96
Income tax expense (recovery) 560 (59) (53)
Share-based compensation 967 823 485
Foreign exchange (gain) loss 308 (151) 97
Listing, financing and management change costs 987 2,335 1,784
Adjusted EBITDA 1,381 743 7,247

Supplemental Non-IFRS Measures

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