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KELOWNA, BC, Nov. 2, 2022 /CNW/ – Decisive Dividend Corporation (TSXV:DE) (the “Company” or “Decisive”) today reported its financial results for the three and nine months ended September 30, 2022.
Highlights of the Company’s financial performance in Q3 2022 include the following:
- Consolidated sales increased 57% to a record $25.9 million in Q3 2022 compared to $16.5 million in Q3 2021.
- The quarterly sales increase brings consolidated sales for the first nine months of 2022 to $67.8 millionan increase of $23.2 millionor 52%, relative to the first nine months of 2021.
- Generated a record $4.0 million in Adjusted EBITDA* in Q3 2022, an increase of 118% relative to Q3 2021. Excluding subsidies, Q3 2022 Adjusted EBITDA* was $2.7 millionor 202%, higher than Q3 2021.
- Adjusted EBITDA* in the first nine months of 2022 of $9.7 million represents a 47% increase compared to the first nine months of 2021. Excluding subsidies, year-to-date 2022 Adjusted EBITDA* was $5.8 millionor 151%, higher than the first nine months of 2021.
- Generated net profit of $2.0 millionor $0.16 per share, in Q3 2022, an increase of $1.5 millionor $0.12 per share compared to Q3 2021.
- In the first nine months of 2022, generated net profit of $3.4 millionor $0.27 per share, an increase of $2.1 millionor $0.16 per share compared to the first nine months of 2021.
Selected Financial Highlights:
The following are selected financial highlights of Decisive for the three and nine months ended September 30, 2022. All amounts are expressed in Canadian dollars. The Company’s Unaudited – interim condensed consolidated financial statements as well as its management’s discussion and analysis (“MD&A”) are posted on SEDAR and on Decisive’s website (www.decisivedividend.com).
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(Stated in thousands of dollars, except per share amounts) |
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For the three months ended |
For the nine months ended |
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September 30, |
2022 |
2021 |
Change |
2022 |
2021 |
Change |
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|
Sales |
$ |
25,932 |
$ |
16,500 |
57% |
$ |
67,810 |
$ |
44,639 |
52% |
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|
Gross profit |
8,912 |
5,064 |
76% |
22,867 |
15,533 |
47% |
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|
Gross profit % |
34% |
31% |
34% |
35% |
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|
Adjusted EBITDA* |
3,999 |
1,837 |
118% |
9,651 |
6,566 |
47% |
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|
Per share basic |
0.32 |
0.15 |
106% |
0.77 |
0.55 |
40% |
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|
Profit before tax |
2,644 |
593 |
346% |
4,702 |
1,955 |
141% |
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|
Profit |
2,029 |
489 |
315% |
3,423 |
1,364 |
151% |
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|
Per share basic |
0.16 |
0.04 |
300% |
0.27 |
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Full story available on Benzinga.com
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