Business
Decisive Dividend Corporation Reports Financial Results for the Three and Nine Months Ended September 30, 2021
(TheNewswire) Kelowna, British Columbia – TheNewswire - October 28...
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, 2021\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Kelowna, British Columbia –\n \n \n TheNewswire - October 28, 2021\n–\n \n \n Decisive Dividend Corporation (TSXV:DE)\n(the “Company” or “Decisive”)\n \n \n today\nreported\n \n \n its\n \n \n financial\nresults for the three and nine months ended September 30, 2021.\n \n \n \n \n Highlights of the Company’s financial performance in\nQ3 2021 include the following:\n \n \n \n \n \n \n - Consolidated sales increased 40% to $16.5 million in\nQ3 2021 compared to $11.8 million in Q3 2020.\n \n \n \n \n - The quarterly sales increase brings consolidated\nsales for the first nine months to $44.6 million, an increase of $11.0\nmillion, or 33%, relative to the first nine months of 2020.\n \n \n \n \n - Generated\n \n \n $1.8 million in\nAdjusted EBITDA*\n \n \n in Q3 2021,\n \n \n a\n \n \n decrease of 25% relative to\n \n \n Q3 2020\n \n \n due to lower\ngovernment subsidies received. Excluding subsidies, Q3 2021 Adjusted\nEBITDA* was 24% higher than Q3 2020.\n \n \n \n \n - Adjusted EBITDA* in the\n \n \n first\nnine months of 2021\n \n \n of $6.6 million represents\nan 8% increase compared to the first nine months of 2020\n \n \n .\n \n \n \n \n - Entered into a refinancing agreement that increases\nDecisive’s liquidity and debt availability with lower overall\nborrowing costs and increased flexibility through less restrictive\nfinancial covenants and greater ability to fund both operations and\nacquisitions\n \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 three and nine months ended\n \n \n September 30, 2021\n \n \n . All\namounts are expressed in Canadian dollars. The Company’s\n \n \n unaudited interim condensed consolidated\nfinancial statements as well as its management’s discussion and\nanalysis (“MD&A”)\n \n \n are posted on SEDAR\nand on Decisive’s website (\n \n \n \n \n www.decisivedividend.com\n \n \n \n \n ).\n \n \n \n \n \n \n (Stated in thousands of dollars, except 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 ...