Relying heavily on proforma earnings statements can be risky because these statements often exclude certain costs and expenses that are considered non-recurring or non-operational. This can give a distorted view of a company's financial health. Additionally, because proforma earnings are not standardized, companies have a lot of discretion in what they include or exclude, which can lead to manipulation or misrepresentation of financial performance.
Need to present the investment and reward opportunities of a new venture or project? Use our "Ultima...
Download model