Welcome to our dedicated page for CISCOM news (Ticker: ciscf), a resource for investors and traders seeking the latest updates and insights on CISCOM stock.
Ciscom Corp. is a Canadian holding company that actively invests in, acquires, and manages companies within the Information and Communication Technology (ICT) sector. With a focus on SMEs, Ciscom targets entities with proven profitability to enhance shareholder value through strategic acquisitions. The Company's recent financial performance shows consistent growth, with positive cash flows and improved revenues. The Q1 2024 financial statements indicate a year-over-year increase in revenues, gross profit, and EBITDA, demonstrating the effectiveness of Ciscom's operational initiatives in a challenging economic environment. Michel Pepin, President & CFO of Ciscom Corp., highlighted the Company's commitment to innovation and excellence, positioning it for strategic growth opportunities and competitive advantage.
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DLT Resolution Inc. appoints Charles Brofman as Director, General Counsel, and Secretary, leveraging his legal and entrepreneurial expertise to drive company growth. With a strong background in law and successful entrepreneurial ventures, Mr. Brofman's appointment promises strategic vision and significant contributions to DLT Resolution Inc.
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Ciscom Corp. is considering activating its Shareholder Rights Plan in response to DLT Resolution Inc.'s claim of escalating ownership from 19.9% to 42.05%. The legitimacy of this claim is being investigated, potentially impacting the activation of the Plan.
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DLT Resolution Inc. increases its stake in Ciscom Corp. to 42.05% by acquiring an additional 22.15% of common shares, solidifying its position as the largest shareholder. The strategic move builds on a previous acquisition of 19.9% of Ciscom Corp's shares, demonstrating DLT Resolution's commitment to expanding its ownership.
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Ciscom Corp. (CISCF) has implemented a shareholder rights plan to protect against 'creeping bids' and ensure fair treatment of shareholders during take-over bids. The plan involves issuing ten rights per common share, exercisable if any party attempts to acquire 25% or more of the company's shares. Shareholders (excluding the bidder) can purchase additional shares at a nominal price post a 'Triggering Event'. The plan requires shareholder ratification within six months and will be recommended for approval at the next annual meeting.
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Ciscom Corp. appoints Tracy Weslosky to its Board of Directors, bringing extensive experience in media and public markets. Tracy's background in digital media, critical minerals, and rare earths index companies adds valuable expertise to Ciscom's team, enhancing market valuation and acquisition strategies.
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DLT Resolution Inc. (DLTI) announces strategic acquisitions to bolster its Gross Sales by an additional USD $50,000,000. The acquisitions aim to strengthen the company's offerings, diversified holdings, and market expansion, showcasing a shared vision of innovation and value creation for customers and stakeholders.
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Ciscom Corp. clarifies the conduct of its Annual General and Special Meeting of Shareholders, addressing the issue of unqualified dissident proxies. Despite delays, management worked to allow shareholders to vote. Lack of shareholder participation in the Q&A session was noted. The board remains focused on business growth and M&A activities to enhance shareholder value.
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Ciscom Corp. (CISCF) announces successful approval of key business matters at annual shareholder meeting, including board size, directors election, by-law ratification, and stock option plan. Shareholders voted in favor of all proposed resolutions. Strong shareholder participation with over 46 million common shares represented. Consolidated financial statements undergoing audit by SRCO Professional Corporation.
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Ciscom Corp. (CISCF) has exceeded its gross profit Earn-Out target for 2023, resulting in the grant of stock options to certain officers and employees. The company issued 2,000,000 common shares at $0.45 per share to the vendors of 1883713 Ontario Inc. Additionally, 650,000 stock options were issued to directors and employees at $0.17 per share, with 150,000 options vesting immediately and 500,000 options vesting over a 2-year period. The audited financial statements for 2023 are expected to be filed by the end of April 2024.
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Ciscom Corp. (CISCF) reports strong revenue growth for 2023, with revenue reaching $35.014M, up from $14.766M in 2022. Gross profits also increased to $6.772M from $2.785M in 2022. The company's gross margin improved by 24.1%. The hiring of Sheri Rogers as EVP Managing Director of its subsidiary, Prospect Media Group, is expected to elevate and transform PMG's unique data-driven omni-channel media offerings.
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FAQ
What is the current stock price of CISCOM (ciscf)?
The current stock price of CISCOM (ciscf) is $0.04 as of July 11, 2024.
What is the market cap of CISCOM (ciscf)?
The market cap of CISCOM (ciscf) is approximately 3.5M.
What does Ciscom Corp. specialize in?
Ciscom Corp. is a Canadian holding company focusing on investments and acquisitions in the Information and Communication Technology (ICT) sector, particularly targeting SMEs with proven profitability.
What were Ciscom Corp.'s financial highlights for Q1 2024?
In Q1 2024, Ciscom reported increased revenues of $7.4 million, a gross profit of $1.4 million, and a cash-adjusted operating profit (EBITDA) of $0.253 million. Despite a net loss, the Company demonstrated improved financial performance and positive cash flows.
Who is Michel Pepin at Ciscom Corp.?
Michel Pepin serves as the President & CFO of Ciscom Corp. He plays a key role in the Company's financial management, strategic initiatives, and growth plans, emphasizing innovation and excellence in all operations.
CISCOM CORP
OTC:CISCF
CISCF Rankings
CISCF Stock Data
3.54M
23.16M
56.78%
Information Technology Services
Technology
United States of America
Toronto