Business
Decisive Dividend Corporation Reports Financial Results for the three months ended March 31, 2017
(via TheNewswire) Kelowna, British Columbia / TheNewswire / May 30, 2017 - Decisive Divi...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the three months ended March 31, 2017(via TheNewswire)\n\n \nKelowna, British Columbia / TheNewswire / May 30, 2017 - Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\") reported its financial results for the three month period-ended March 31, 2017. All amounts are in Canadian currency. The results have been posted on SEDAR and on our website.\n\n \n \n\"Our results for the first quarter of 2017 continue to support our plan for growth and steady dividends for the shareholders of Decisive Dividend Corporation,\" stated James Paterson, CEO. \"We look forward to a steady increase in our revenue and cash-flow as Unicast and Blaze King add to their product offerings and take advantage of opportunities in both of their respective industries. We continue to review acquisition opportunities both within and outside the markets of our two subsidiaries as we strive to acquire excellent companies that fit our criteria.\"\n\n \n \nQ1 2017 highlights:\n\n \n \n-Revenues for the quarter were $4,980,497, up 92% over Q1 2016 revenues of $2,587,631\n\n\n \n-Adjusted EBITDA* for the quarter was $498,447, as defined in the Q1 MD&A, up 626% over Q1 2016 adjusted EBITDA of $68,669.\n\n\n \n-Due to non-cash charges mostly related to the acquisition of Unicast, the first quarter resulted in a net loss of $184,950, or $(0.03) per share, compared to a loss of $133,338, or $(0.04) in Q1 2016.\n\n\n \n-Dividends declared during the first quarter were $0.080 per share\n\n\n \n-The Corporation announced a 20% increase to monthly dividends, from $0.025 per common share to $0.03 per common share commencing with dividends having a record date of March 31, 2017 or later.\n\n \n \n* Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation, amortization, one-time acquisition costs, and non-cash items such as stock compensation expense and IFRS fair value adjustments. Adjusted EBITDA is not a defined performance measure under International Financial Reporting Standards (IFRS) but it is used by Management to assess the performance of the Corporation and its segments. \n\n \n \nMarket Conditions - Blaze King\n\n\n \nBuilding on sales strength that was witnessed in the third and fourth quarters of 2016, Blaze King saw continued demand in the first quarter of 2017. In ...