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  "documentTitle": "Hestia Pitney Bowes Presentation April 2023",
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      "text": "At this point, we expect broadly flat sales for Ecommerce in 2023 and have little confidence in forecasting the timeframe over which this segment will be able to consistently generate EBITDA.",
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      "text": "We now think that GEC will not be able to generate positive EBITDA for 2022, and will be challenged to show much improvement into 2023 absent a major reversion in currency markets that changes the economics of outbound shipping.",
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      "text": "Source: S&P Downgrade Report, 2022.",
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