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Mosaic Capital Corporation Reports Q3 2020 Financial Results
Calgary, Alberta--(Newsfile Corp. - November 4, 2020) - Mosaic Capital Corporation (TSXV: M )...
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[{"type":"text","content":"Mosaic Capital Corporation Reports Q3 2020 Financial ResultsCalgary, Alberta--(Newsfile Corp. - November 4, 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 September 30, 2020. The Company's financial statements and management's discussion and analysis (\"MD&A\") for the period ended September 30, 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 September 30, Nine months ended September 30, (in $000s, except as noted)20202019% Change20202019% Change CONTINUING OPERATIONS Revenue$91,005$107,300-15%$236,743$291,692-19% Adjusted EBITDA (1)$16,856$12,73332%$34,638$26,96128% Net income (loss) and comprehensive income (loss) $8,328$5,02364%$(7,015)$403-1,558% Free Cash Flow (1)$8,624$6,29337%$14,710$9,77650% DISCONTINUED OPERATIONS       Revenue$41$14,530-100%$2,744$43,114-94% Adjusted EBITDA (1)$(265)$2,373-111%$(777)$5,154-115% Net (loss) income and comprehensive (loss) income $(590)$1,587-137%$(5,148)$2,849-281% Free Cash Flow (1)$(280)$1,739-116%$(1,167)$3,537-133% AGGREGATE       Revenue$91,046$121,830-25%$239,487$334,806-28% Adjusted EBITDA (1)$16,591$15,10610%$33,861$32,1158%    per share$1.55$1.429%$3.17$3.027%    as a % of revenue18.22%12.40% 14.14%9.59%  Net income (loss) and comprehensive income (loss) $7,738$6,61017%$(12,163)$3,252-474% Net income (loss) and comprehensive income (loss) attributable to common equity holders $2,215$2,731-19%$(18,388)$(4,971)-270% Free Cash Flow (1)$8,344$8,0324%$13,543$13,3132%     per share$0.78$0.76-$1.27$1.251% Preferred securities distributions declared$1,512$1,512-$4,504$4,487- Common share dividends declared$-$1,125-100%$1,126$3,368-67%     per share$-$0.105-100%$0.105$0.315-67% TTM Preferred Distribution Payout Ratio (1)   38%35%10% TTM Combined Payout Ratio (1)   52%61%-15% Weighted avg. common shares outstanding10,705,66510,621,420-...