Provide a best in class estimate of the EBITDA and EBITDA margins for NewtonX (https://www.newtonx.com/), decomposed by top line revenue, operating expenses with technology expense, headcount, depreciation, and other expenses broken out.

The Answer

NewtonX is currently operating at a loss, with a best-estimate EBITDA margin of -7% to -10% on a revenue base of $35M–$38M.