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Mosaic Capital Corporation Reports Q1 2020 Financial Results
Calgary, Alberta--(Newsfile Corp. - May 6, 2020) - Mosaic Capital Corporation (TSXV: M ) (TS...
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[{"type":"text","content":"Mosaic Capital Corporation Reports Q1 2020 Financial Results Calgary, Alberta--(Newsfile Corp. - May 6, 2020) - Mosaic Capital Corporation (TSXV: M) (TSXV: M.DB) (\"Mosaic\" or the \"Company\") has released its unaudited consolidated financial results for the three months ended March 31, 2020. The Company's financial statements and management's discussion and analysis (\"MD&A\") for the period ended March 31, 2020 can be accessed under Mosaic's profile on SEDAR at www.sedar.com and on the Company's website at www.mosaiccapitalcorp.com. Selected Financial Highlights   Three months ended March 31, (in $000s, except as noted)   2020   2019   % Change CONTINUING OPERATIONS           Revenue $ 78,516 $ 84,732   -7% Adjusted EBITDA (1) $ 5,677 $ 6,420   -12% Net income (loss) and comprehensive income (loss) $ 3,649 $ (3,521 ) 204% Free Cash Flow (1) $ 502 $ 1,370   -63% DISCONTINUED OPERATIONS             Revenue $ - $ 11,381   NA Adjusted EBITDA (1) $ - $ 799   NA Net income and comprehensive income $ - $ 429   NA Free Cash Flow (1) $ - $ 360   NA AGGREGATE             Revenue $ 78,516 $ 96,113   -18% Adjusted EBITDA (1) $ 5,677 $ 7,219   -21%    per share $ 0.53 $ 0.68   -21%    as a % of revenue   7.23%   7.51%     Net income (loss) and comprehensive income (loss) $ 3,649 $ (3,092 ) 218% Net income (loss) attributable to equity holders $ 1,257 $ (4,891 ) 126% Free Cash Flow (1) $ 502 $ 1,731   -71%    per share $ 0.05 $ 0.16   -71% Preferred securities distributions declared $ 1,496 $ 1,479   1% Common share dividends declared $ 1,116 $ 1,115   -    per share $ 0.105 $ 0.105   - TTM Preferred Distribution Payout Ratio (1)   42%   45%   -7% TTM Combined Payout Ratio (1)   73%   78%   -7% Weighted avg. common shares outstanding 10,621,420 10,608,058   -   Note: (1) Adjusted EBITDA, Free Cash Flow, Trailing twelve-month (\"TTM\") Preferred Distribution Payout Ratio and TTM Combined Payout Ratio are not a recognized measure under IFRS. Refer to \"Non-GAAP Measures\". For the three-month period ended and as at March 31, 2020, Mosaic: generated $78.5 million ...