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Dye & Durham Reports First Quarter Fiscal 2023 Financial Results
Dye & Durham Reports First Quarter Fiscal 2023 Financial Results Dye & ...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n Dye & Durham Reports First Quarter Fiscal 2023 Financial Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Dye & Durham Reports First Quarter Fiscal 2023 Financial Results\n \n \n Canada NewsWire\n \n \n \n \n \n \n Consistent Revenue Performance in the Face of Challenging Real Estate Markets\n \n \n \n \n Disciplined Capital Allocation as Evidenced by Substantial Issuer Bid and Focused M&A Strategy\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 10, 2022\n \n \n /CNW/ - Dye & Durham Limited (\"\n \n Dye & Durham\n \n \" or the \"\n \n Company\n \n \") (TSX: DND), a leading provider of cloud-based, efficient workflow software for legal and business professionals, today announced its financial results for the three months ended\n \n September 30, 2022\n \n .\n \n \n \"Our business continued to perform well during the first quarter, despite an extremely challenging real estate market in\n \n Canada\n \n ,\" said\n \n Matt Proud\n \n , CEO of Dye & Durham. \"Our results underscore the fact that our Company is well diversified geographically and across product lines, which helps ensure resilient performance through difficult economic conditions. While 68% of our total revenue has exposure to real estate transaction volume, only 43% is exposed to Canadian real estate volumes and we have managed to perform well despite real challenges in that market. Given the very significant discount at which we currently trade, we believe the substantial issuer bid announced today is at present the best use of capital allocation to create long-term shareholder value.\"\n \n \n \n First Quarter Fiscal 2023 Highlights\n \n \n \n \n Revenue of\n \n $120.2 million\n \n , an increase of\n \n $7.5 million\n \n , or 7%, from the same period in the prior year.\n \n \n 68% of revenue has exposure to real estate transactions in\n \n Canada\n \n , the UK and\n \n Ireland\n \n , and\n \n Australia\n \n .\n \n \n 43% of revenue has exposure to real estate transactions in\n \n Canada\n \n .\n \n \n Net loss of\n \n $(11.5) million\n \n , a decrease of...