Business
Ciscom Reports Steady Q1 2025 Earnings Amid Market Challenges
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - CISCOM Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company"), which actively invests in, acquires, and manages companies within the Information and Communication Technology ("ICT") sector with a specialty in AdTech and MarTech, is pleased to announce that it has filed its interim unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the first quarter ended March 31, 2025. The financial statement
About this update from Ciscom Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - CISCOM Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company"), which actively invests in, acquires, and manages companies within the Information and Communication Technology ("ICT") sector with a specialty in AdTech and MarTech, is pleased to announce that it has filed its interim unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the first quarter ended March 31, 2025. The financial statements show that Ciscom's revenues came under pressure during the period and maintained its cash-basis operating results (EBITDA) before non-recurring and impairment charges when compared to the prior year. The financial statements and the related MD&A are available on www.sedarplus.ca.","length":838,"tagName":"p"},{"type":"text","content":"Several events have impacted the first quarter of 2025. The Canada Post Corporation ("CPC") labor dispute that began in the fall of 2024 disrupted business and sales overall as direct mail could not be distributed and clients cancelled campaigns. The disruption persisted in the first quarter and is expected to continue to impact the second quarter. A significant client of a Ciscom subsidiary sought bankruptcy protection under the Companies' Creditors Arrangement Act (CCAA). As a result, the Company lost this revenue stream in 2025 and had to take an account receivable impairment charge in Q1 2025 for work performed in January 2025. During the period there were also one-time restructuring charges linked to downsizing the workforce. Lastly, the Company felt the effects of the unprecedented US tariffs and their constant amendment leading to an uncertain economic climate, a stock market crash and a general reduction in consumer spending and confidence.","length":976,"tagName":"p"},{"type":"text","content":"For the first quarter ended March 31, 2025, the Company achieved sales of $6.678M versus $7.368M for the same period in 2024, a decrease of $0.690M or 9.4%. Gross profit for the first quarter ended March 31, 2025 was $1.174M versus $1.416M for the same period in 2024, a reduction of $0.242M or 17.1%. Gross margins were marginally impacted and reduced from 19.2% in 2024 to 17.6% in 2025 - a function of revenue mix.","length":417,"tagName":"p...