Business
Decisive Dividend Corporation Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2021
(TheNewswire) March 24, 2022 - TheNewswire - Kelowna, British Colum...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2021\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n March 24, 2022 -\n \n \n TheNewswire -\n \n \n Kelowna, British Columbia:\n \n \n Decisive Dividend Corporation (TSXV:DE) (the “Company”\nor “Decisive”)\n \n \n today reported\n \n \n its financial results for the fourth quarter and year ended\nDecember 31, 2021\n \n \n .\n \n \n \n \n Highlights of the Company’s financial performance\ninclude the following:\n \n \n \n \n \n \n Record quarterly sales in Q4, which increased 21% to\n$17.9 million, compared to $14.8 million in Q4 2020.\n \n \n \n \n \n \n Record annual sales in fiscal 2021, which increased 29%\nto $62.5 million, compared to $48.5 million in 2020.\n \n \n \n \n \n \n Generated\n \n \n $2.1 million in\nAdjusted EBITDA*\n \n \n in Q4 2021,\n \n \n an increase\n \n \n of 5% relative to\n \n \n Q4 2020\n \n \n . Excluding\ngovernment subsidies, Q4 2021 Adjusted EBITDA* was 60% higher than Q4\n2020.\n \n \n \n \n \n \n Annual\n \n \n Adjusted EBITDA*\n \n \n of $8.7 million\n \n \n represents\na 7% increase compared to 2020. Excluding subsidies, 2021 Adjusted\nEBITDA* was 26% higher than 2020\n \n \n .\n \n \n \n \n \n \n Generated profit of $0.9 million, or $0.08 per share,\nin Q4 2021 bringing fiscal 2021 profit to $2.3 million, or $0.19 per\nshare; both considerable increases compared to the losses generated in\nthe same respective periods in 2020.\n \n \n \n \n \n \n \n \n \n \n Selected\n \n \n Financial\nHighlights:\n \n \n \n \n The following are selected financial highlights of\nDecisive\n \n \n for the year ended\n \n \n December 31, 2021\n \n \n . All amounts are\nexpressed in Canadian dollars. The Company’s\n \n \n consolidated financial statements as well as its\nmanagement’s discussion and analysis (“MD&A”)\n \n \n are posted on SEDAR and on Decisive’s website (\n \n \n \n www.decisivedividend.com\n \n \n \n ).\n \n \n \n \n \n \n \n (Stated in thousands of dollars,\nexcept per share amounts)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For the three months ended\n \n \n \n \n \n \n \n \n For the year ended\n \n \n \n \n \n \n \n \n Decem...