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Mosaic Capital Corporation Reports Q2 2020 Financial Results
Calgary, Alberta--(Newsfile Corp. - August 5, 2020) - Mosaic Capital Corporation (TSXV: M) (TS...
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[{"type":"text","content":"Mosaic Capital Corporation Reports Q2 2020 Financial ResultsCalgary, Alberta--(Newsfile Corp. - August 5, 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 June 30, 2020. The Company's financial statements and management's discussion and analysis (\"MD&A\") for the three and six months ended June 30, 2020 and 2019 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 June 30, Six months ended June 30,   (in $000s, except as noted)   2020     2019     % Change     2020     2019     % Change   CONTINUING OPERATIONS                                 Revenue $ 69,702   $ 103,086     -32%   $ 145,738   $ 184,378     -21%   Adjusted EBITDA (1) $ 12,347   $ 8,424     47%   $ 17,782   $ 14,231     25%   Net loss and comprehensive loss $ (19,320 ) $ (782 )   -2,371%   $ (15,342 ) $ (4,581 )   -235%   Free Cash Flow (1) $ 5,541   $ 2,727     103%   $ 6,077   $ 3,483     74%   DISCONTINUED OPERATIONS                                     Revenue $ 223   $ 13,768     -98%   $ 2,703   $ 28,584     -91%   Adjusted EBITDA (1) $ (753 ) $ 1,369     -155%   $ (510 ) $ 2,782     -118%   Net (loss) income and comprehensive (loss) income $ (4,230 ) $ 519     -916%   $ (4,558 ) $ 1,226     -471%   Free Cash Flow (1) $ (851 ) $ 823     -203%   $ (885 ) $ 1,798     -149%   AGGREGATE                                     Revenue $ 69,925   $ 116,854     -40%   $ 148,441   $ 212,962     -32%   Adjusted EBITDA (1) $ 11,594   $ 9,793     18%   $ 17,272   $ 17,013 &...