Question-and-Answer Session
Operator
Thank you. (Operator instructions) We'll take our first question from Steven Kohl with Mangrove Capital.
Steven Kohl – Mangrove Capital
Good afternoon, and first off, Kimberly congratulations about your one-year anniversary at the company. I wanted to ask a couple of quick questions. Recognizing we are still in the early innings of the turnaround of the company, I was hoping you could give us a little bit of insight on where [ph] the company can return to in terms of sustainable revenue and EBITDA levels. And I know that you guys in the near term have not felt comfortable with the macroeconomic environment to really disclose too much in terms of guidance, albeit there is some of that in the lending agreement.
I'm not sure how relevant it is, but I guess it’s on minimum levels. But could you give us an idea on when we might expect to return to kind of the levels that we saw of EBITDA profitability on margins or absolute levels, even in ‘08 I think we did a little over $14 million in EBITDA and disclosed $7 million over $20 million when EBITDA margin was approaching 10%. And I commend you on some of the initiatives, I guess, I'm just curious we’re in the mid-5 [ph] now, I guess on EBITDA margins. Do we have the comfort or when will we have the comfort to be able to see the predictability in this business and getting back to those levels of profitability?
Kimberly Hill
Yes, thank you for the anniversary congratulations. It's been a great year. I think we've accomplished a lot. Bob, do you want to address the kind of future look?
Robert Cox
Yes, sure Steven. I think – look one of the reasons that we are not altogether comfortable talking about the win is indeed because of the macroeconomic situation out there and the fact that some of our large customers are still in the midst of budget crunches as it relates to their market research budgets. So largely speaking until we see the return of those budgets, which we think we've seen a moderate amount of a stabilization they don't seem to be declining at the same rate they might have been previously. We also haven't necessarily seen the return. So it would be hard to give you a time on those. That said, we are striving every day at Harris about rebuilding revenue, and frankly making sure that that revenue is profitable revenue. And hopefully you've seen from our last two quarters with over $2 million in adjusted EBITDA in both of those quarters that we are on the right track. But that's about as far as I think we could go on giving any more color.
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