DATA Communications Management Corp. - $DCMDF STOCK NEWS

DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) will hold its annual meeting of shareholders on May 23, 2024, at 11:00 a.m. (Eastern Time) in Toronto. The meeting will take place at 60 Adelaide Street East, Suite 1000, and will be followed by a Q&A session hosted by CEO Richard Kellam and CFO James Lorimer. Shareholders can also join via a Microsoft Teams webcast, although they must vote in advance through a proxy or voting instruction form. Detailed voting instructions are included in the company's management information circular available on www.sedarplus.ca and the company's website.

Data Communications Management Corp. (DCM) reported strong first-quarter 2024 financial results.

Revenues surged by 69.9% to $129.3 million compared to Q1 2023. Gross profit increased by 57.9% to $37.3 million, although gross margin as a percentage of revenues slightly decreased to 28.9% from 31.1%. SG&A expenses rose to $25.4 million, primarily due to a one-time consulting project.

Adjusted EBITDA reached $18.7 million, up 46.2%, representing 14.4% of revenues. Net income stood at $1.5 million, a significant improvement from a net loss of $2.4 million last year. Adjusted net income was $4.9 million, down from $5.9 million.

Net debt decreased by 46.1% to $78.3 million. The company is focused on post-acquisition integration of Moore Canada (MCC), targeting annualized synergies of $30 to $35 million.

Data Communications Management Corp (DCM) will announce its First Quarter 2024 results on May 13, 2024. The Company will host a conference call on May 14, 2024. Richard Kellam, President, and CEO, and James Lorimer, CFO, will present the results. Instructions to join the webcast and call are provided. Full results will be available on the Investor Relations page and www.sedarplus.ca.

Data Communications Management Corp. (DCMDF) reports strong financial results for fiscal 2023 and Q4 2023, with significant revenue growth, increased gross profit, and improved Adjusted EBITDA. The company focuses on post-merger integration after acquiring Moore Canada (MCC) and aims for operational efficiencies and revenue growth in 2024.

DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) will announce its Fiscal 2023 and Q4 2023 results on March 19, 2024. The conference call and webcast will be held on March 20, 2024, with the President and CEO Richard Kellam and CFO James Lorimer presenting the results.

DATA Communications Management Corp. (DCMDF) has been named to the 2024 OTCQX Best 50, ranking fifth based on its 2023 performance. The company's President and CEO, Richard Kellam, highlighted the transformative year, including the acquisition of Moore Canada Corporation, which added significant scale to the business and generated interest from the capital markets. The OTCQX Best 50 ranking is based on one-year total return and average daily dollar volume growth, reflecting the company's strong performance in 2023.

DATA Communications Management Corp. (DCMDF) has closed the sale and leaseback of its Trenton, Ontario facility, generating $9.0 million in gross proceeds and approximately $8.5 million in net proceeds. The company has used the funds to pay down acquisition-related financing, marking the completion of planned sale and leaseback of all three owned facilities acquired in April 2023.

DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) has closed the sale and leaseback of its Fergus, Ontario facility for gross proceeds of $6.75 million. Net proceeds were $6.5 million, utilized to repay $6.9 million of the $30 million term loan. The company plans to sell and leaseback its Trenton, Ontario facility, expecting net proceeds of approximately $8.7 million.

DCM (TSX: DCM; OTCQX: DCMDF) reports Q3 2023 financial results, showing a 93.6% revenue increase to $122.7 million, 52.4% gross profit increase to $30.3 million, and 28.2% adjusted EBITDA increase to $11.8 million. Total net debt at quarter-end is $95.4 million, down 32% since the MCC acquisition. DCM raises expected merger synergies to $30-$35 million over the next 18-24 months.