Business
Decisive Dividend Corporation Reports Financial Results for the three and six months ended June 30, 2017
(via TheNewswire) Kelowna, British Columbia / TheNewswire / August 30, 2017 - Decisive D...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the three and six months ended June 30, 2017(via TheNewswire)\n\n \nKelowna, British Columbia / TheNewswire / August 30, 2017 - Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\") reported its financial results for the three and six-month periods-ended June 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 satisfied with our results for the second quarter of 2017,\" stated James Paterson, CEO, \"however, we are expecting a strong finish to the year as we are about to enter the 2017 winter heating season for Blaze King with new and exciting products to offer, and as the markets and opportunities for Unicast continue to grow. We are actively reviewing acquisition opportunities and are being extremely disciplined in our investment approach to ensure that we continue to offer our shareholders growth and steady dividends.\"\n\n \n \nQ2 2017 highlights:\n\n \n \n-Revenues for the second quarter were $4,902,307, up 117% over Q2 2016 revenues of $2,254,369.\n\n\n \n-Revenues for the six months ended June 30, 2017 were $9,959,970, up 105% over the six months ended June 30, 2016 revenue of $4,842,000.\n\n\n \n-Adjusted EBITDA* for the quarter was $479,686, as defined in the Q2 MD&A, as compared to Q2 2016 adjusted EBITDA of ($171,994).\n\n\n \n-Adjusted EBITDA* for the six months ended June 30, 2017 was $978,134 compared to ($102,800) in the six months ended June 30, 2016.\n\n\n \n-Due to non-cash charges mostly related to the acquisition of Unicast, the second quarter resulted in a net loss of $64,300, or $(0.01) per share, compared to a loss of $1,456,095, or $(0.37) in Q2 2016. \n\n\n \n-The loss for the six months ended June 30, 2017 was $249,250 or $(.04) per share, compared to a loss of $1,589,433 or ($.40) per share for the six months ended June 30, 2016.\n\n\n \n-Dividends declared during the second quarter were $0.090 per share, and $.170 for the six months ended June 30, 2017.\n\n\n \n-The Corporation finalized a refinancing with a Canadian financial institution of both the short-term and long-term debt facilities, to obtain better terms and conditions. Details of this refinancing are available in the Q2 MD&A.\n\n \n \n* Adjusted EBITDA is defined as earnings before interest, i...