Business
Calian Announces $518 Million in Revenue for Year Ended September 30, 2021
20% revenue growth caps off 20 years of profitability (All amounts in release are in C...
About this update from Calian Group Ltd.
[{"type":"text","content":"Calian Announces $518 Million in Revenue for Year Ended September 30, 202120% revenue growth caps off 20 years of profitability(All amounts in release are in Canadian dollars)OTTAWA, ON / ACCESSWIRE / November 24, 2021 / Calian Group Ltd. (TSX:CGY), a diverse product and services company providing innovative solutions for the healthcare, communications, learning and security sectors, today released its annual results for the year ended September 30, 2021.Calian Group Ltd. (the \"Company\") reported revenues for the quarter of $128 million, representing a 4% increase from the $123 million reported in the same quarter of the previous year. For the year ended September 30, 2021, the Company reported revenues of $518 million, a 20% increase from the $432 million in the previous year.Fourth quarter highlights:80th consecutive profitable quarterRevenue of $128 million, a 4% increase over Q4'20Adjusted EBITDA of $12.4 million, a 35% increase over Q4'20Adjusted net profit of $8.9 million, a 54% increase over Q4'20Gross margins of 26%, a new recordNew contract signings of $84 millionFull year 2021 highlights:20th consecutive profitable yearRevenue of $518 million, a 20% increase over FY20Adjusted EBITDA of $51.9 million, a 41% increase over FY20Adjusted net profit of $37.2 million, a 58% increase over FY20Consolidated gross margin of 24% represents the highest annual gross margin performance in company historyEBITDA margin exceeds 10%\"Calian passed the half billion-dollar annual revenue mark for the first time in company history. Our success can be attributed to our employees, who execute our four-pillar growth framework-continuous improvement, customer retention, customer diversification and innovation,\" said Kevin Ford, Calian CEO. He continued: \"We have never had more technology assets than we have right now and we continue to invest in new assets quarter over quarter. Our unrelenting focus on customer retention means that customer satisfaction remains strong despite the challenges posed by COVID-19. We also diversified our customer base, expanding our military training footprint from Canada only to Europe, becoming one of the leading training partners for NATO in Europe. Calian now has one of the largest diversified Health footprints in Canada. Our pivot to an innovative global growth strategy is working-as a result of the acquisi...