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 |
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