Business
Decisive Dividend Corporation Reports Financial Results for the three and nine months ended September 30, 2017
(via TheNewswire) November 14, 2017 / TheNewswire / Kelowna, British Columbia: Decis...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the three and nine months ended September 30, 2017(via TheNewswire)\n \n \nNovember 14, 2017 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\") reported its financial results for the three and nine-month periods-ended September 30, 2017. All amounts are in Canadian currency. The results have been posted on SEDAR and on our website.\n\n \n \n\"We are very happy with our results for the third quarter of 2017,\" stated James Paterson, CEO. We expected a strong finish to the year and so far we have not been disappointed. We have now entered the 2017 winter heating season for Blaze King, and with new and exciting products to offer, we are excited about their prospects. Unicast continues to grow and find new markets for their products. At the same time, we are actively reviewing acquisition opportunities, while being extremely disciplined in our investment approach, to ensure that we continue to offer our shareholders steady growth and consistent dividends.\"\n\n \n \nQ3 2017 highlights:\n\n \n \n\n\n-Revenues for the third quarter were $5,946,883, up 16% over Q3 2016 revenues of $5,124,150.\n\n\n\n-Revenues for the nine months ended September 30, 2017 were $15,906,853, up 60% over the nine months ended September 30, 2016 revenue of $9,966,150.\n\n\n\n-Adjusted EBITDA* for the quarter was $1,022,144, as defined in the Q3 MD&A, as compared to Q3 2016 adjusted EBITDA of $715,699.\n\n\n\n-Adjusted EBITDA* for the nine months ended September 30, 2017 was $2,000,277 compared to $613,591 in the nine months ended September 30, 2016.\n\n\n\n-Due to strong revenue and income year over year for Blaze King, the third quarter resulted in net income before taxes of $366,046, or $0.06 per share, compared to net income of $13,360, or $0.00 per share in Q3 2016. \n\n\n\n-Net income before taxes for the nine months ended September 30, 2017 was $145,972 or $.03 per share, compared to a loss before taxes of $1,643,358 or ($.37) per share for the nine months ended September 30, 2016.\n\n\n\n-Dividends declared during the third quarter were $0.090 per share, and $0.260 for the nine months ended September 30, 2017.\n\n\n\n \n \n* Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation, amortization, one-time acq...