財務正常化調整橋
| 指標 | 原始數字 | 調整 | 調整後 |
|---|---|---|---|
| 營收 | NT$120.0M | NT$8.0M | NT$128.0M |
| 毛利 | NT$68.0M | -NT$2.2M | NT$65.8M |
| EBITDA | NT$18.0M | -NT$500.0K | NT$17.5M |
| 淨利 | NT$9.5M | NT$0 | NT$9.5M |
| 資產 | NT$86.0M | NT$0 | NT$86.0M |
財務調整項目
| 名稱 | 金額 | 指標 | 風險 | 佐證資料 | 已確認 |
|---|---|---|---|---|---|
Founder salary normalization Founders were underpaid relative to market executive compensation. | NT$4.0M | ebitda | Medium | Management interview and payroll benchmark | 是 |
One-time legal add-back Non-recurring fundraising and IP legal expense. | NT$3.5M | ebitda | Low | Invoice review | 是 |
AI cost normalization Compute credits were expiring and understate steady-state inference cost. | NT$2.2M | grossProfit | Medium | Cloud billing run-rate | 是 |
Unrecorded enterprise contract Signed annual contract not fully reflected in management accounts. | NT$8.0M | revenue | High | Signed order form pending invoice | 待確認 |