Business
Decisive Dividend Corporation Reports Financial Results for the second quarter ended June 30, 2016
(via Thenewswire.ca) August 30, 2016 / TheNewswire / Kelowna, British Columbia: Deci...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the second quarter ended June 30, 2016(via Thenewswire.ca)\n \n \nAugust 30, 2016 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\") reported its financial results for the three and six month periods ended June 30, 2016. All amounts are in Canadian currency. The results have been posted on SEDAR and on our website.\n\n \n \nQ2 2016 highlights:\n\n \n \n\n\n-Revenues for the six months were $4,842,000, and $2,254,369 for the second quarter\n\n\n\n-Adjusted EBITDA for the six months was $(102,800) and $(171,994) for the second quarter, as defined in the Q2 MD&A\n\n\n\n-Due to seasonal trends, and due to acquisition costs related to the acquisition of Unicast, Inc., as well as a large non-cash charge for stock option compensation expenses, the six month period ended June 30, 2016 resulted in a net loss of $1,589,433, or $(0.41) per share, as compared to a loss of $453,241 or $(0.15) per share in six month period ended June 30, 2015. For the second quarter, the net loss was $1,456,095, or ($0.37) per share, as compared to a loss of $347,226 or ($.10) per share in the second quarter of 2015.\n\n\n\n-Dividends paid out during the second quarter were $.075 per share\n\n\n\n-The Company completed its second acquisition - Unicast Inc., on June 23rd, 2016\n\n\n\n \n \nOn June 23rd, 2016, the Company announced that it had closed the acquisition of Unicast Inc. (\"Unicast\"), a company based in Kelowna, British Columbia which designs, manufactures and markets wear parts for the mining, aggregate and cement industries. As the purchase was concluded near the end of the second quarter, only seven days of Unicast operations are incorporated in the three and six month operating results.\n\n \n \nThe consolidated financials for the six month period ended June 30, 2016 include a full six months of Blaze King's operations, and seven days of Unicast operations, in which $4,842,000 of revenue was recorded. As expected, the second quarter for Blaze King is expected to be the weakest quarter of the year, as seasonal demand is traditionally stronger in the third and fourth quarter of the year for Blaze King. \n\n \n \nDuring the second quarter of 2016, Blaze King management received the final certification letter from the EPA regarding...