Business
Decisive Dividend Corporation Reports Financial Results for the Three Months Ended March 31, 2022
(TheNewswire) May 10, 2022 – TheNewswire - Kelowna, British Co...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the Three Months Ended March 31, 2022\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n May 10, 2022 –\n \n \n TheNewswire -\n \n \n Kelowna, British Columbia:\n \n \n Decisive Dividend Corporation\n \n \n (TSXV:DE) (the “Company” or “Decisive”)\n \n \n today reported\n \n \n its\n \n \n financial results for the three months ended March 31,\n2022.\n \n \n \n \n Highlights of the Company’s financial performance in\n \n \n Q1 2022\n \n \n include the\nfollowing:\n \n \n \n \n \n \n Record quarterly consolidated sales in\n \n \n Q1 2022\n \n \n , which\n \n \n increased 34% to $18.7 million, compared to $13.9 million in\n \n \n Q1 2021\n \n \n \n \n \n \n Generated\n \n \n $2.3 million in\nAdjusted EBITDA*\n \n \n in Q1 2022,\n \n \n an\n \n \n increase of 6% relative to Q1\n2021\n \n \n . Excluding subsidies,\n \n \n Q1 2022\n \n \n Adjusted EBITDA* was 33% higher\nthan\n \n \n Q1 2021\n \n \n \n \n \n \n Generated profit of $0.5 million, or $0.04 per share,\nin\n \n \n Q1 2022, an increase of 84%, or\n \n \n $0.02 per share compared to\n \n \n Q1\n2021\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 ended\n \n \n March 31, 2022\n \n \n . All amounts are\nexpressed in Canadian dollars. The Company’s\n \n \n unaudited - interim condensed consolidated financial\nstatements as well as its management’s discussion and analysis\n(“MD&A”)\n \n \n are posted on SEDAR and on\nDecisive’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 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For the three months ended March 31,\n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Sales\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n $\n \n \n \n \n 18,689\n \n \n \n \n \n \n $\n \n \n \n \n 13,945\n \n \n \n \n \n \n 34%\n \n \n \n \n \n \n Gross profit\n \n \n \n...