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  "documentTitle": "Edgewater Technology, Inc. (EDGW)",
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  "authorName": "Jim Chadwick",
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  "presentationDate": "2017-01-24 00:00:00",
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      "text": "Relatively flat margins despite revenue growth demonstrates the Company's failure to attain scale",
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      "text": "Edgewater's Adjusted EBITDA Margin vs. NA IT Peers EBITDA Margin",
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      "text": "Edgewater's operating metrics have declined since 2011 with flat EBITDA margins and nearly a 50% decline in Return on Capital (\"ROC\")\nEBITDA margins have consistently remained below the North American IT Consulting Peer group\nUtilization rates remain unacceptably low despite supplementing consulting staff with contractors\nRelatively flat margins despite revenue growth demonstrates the Company's failure to attain scale",
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      "text": "(1)Source: All data provided by CapIQ",
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