04:08 PM EST - Big Stick Media Corp. : reported a net loss for the fiscal year 2008 of $3.94 million, compared to a net loss of $3.17 million in the previous year. The net loss figure includes various non-cash accounting items including amortization expense, stock option compensation expense, accredited interest expense, income tax recoveries, losses on asset dispositions, write-downs on asset impairments and net foreign exchange losses emanating from the movement of U.S. dollar. Excluding the effects of the non-cash charges, the one-time expense and cash interest expense, the normalized EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for fiscal 2008 was $2.26 million, in comparison with a loss of $1.33 million in fiscal 2007. Big Stick Media Corp.
shares V.BSM are trading even at $0.05.
