Business
Decisive Dividend Corporation Reports Financial Results for the Three and Nine Months Ended September 30, 2018
(via TheNewswire) November 13, 2018 / TheNewswire / Kelowna, British Colu...
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, 2018(via TheNewswire)\n \n \nNovember 13, 2018 / 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, 2018. All amounts are expressed in Canadian dollars. The Corporation's unaudited financial statements and management's discussion and analysis (\"MD&A\") for Q3 2018 have been posted on SEDAR and on the Corporation's website.\n\n \n \nCEO Commentary:\n\n \n \nJames Paterson, Chief Executive Officer of Decisive, said:\n\n \n \n \"The additions of Slimline Manufacturing and Hawk Machine Works to the group during the second quarter had a meaningful impact on Decisive's third-quarter results. Having these two quality businesses for a full quarter enabled the group to report 129% higher revenue for Q3 2018 versus Q3 2017, and significantly increase both gross margin and EBITDA.. We are very pleased with how seamlessly the integration of these two companies is progressing. Blaze King and Unicast also performed well during the quarter. Despite supply chain challenges, including the effect of steel tariffs on their Chinese production, Unicast was able to generate gross margin in-line with Q3 2017. Blaze King continues to beat our expectations and achieved higher revenues and gross margins relative to Q3 of last year.\" \n\n \n \nQ3 2018 Financial and Operating highlights:\n\n \n \n\n\nRevenues for the third quarter were $13.6 million, up 129% over Q3 2017;\n\n\n\nRevenues for the nine months ended September 30, 2018 were $24.4 million, up $8.5 million, or 53%, over the nine months ended September 30, 2017.\n\n\n\nAdjusted EBITDA* for the quarter, as defined in the Corporation's Q3 MD&A, was $2.6 million, a considerable increase compared to Q3 2017 adjusted EBITDA of $0.8 million.\n\n\n\nAdjusted EBITDA* for the nine months ended September 30, 2018 was $3.4 million compared to $2 million for the nine months ended September 30, 2017.\n\n\n\nProfit for the quarter was $0.7 million, or $0.06 per share, as compared to a profit of $0.2 million, or $0.04 per share in Q3 2017. \n\n\n\nProfit for the nine months ended September 30, 2018 was $0.7 million, or $0.09 per share, compared to a small lo...