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Mosaic Capital Corporation Reports Q4 2020 Financial Results
Calgary, Alberta--(Newsfile Corp. - March 17, 2021) - Mosaic Capital Corporation (TSXV: M) (TS...
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[{"type":"text","content":"Mosaic Capital Corporation Reports Q4 2020 Financial ResultsCalgary, Alberta--(Newsfile Corp. - March 17, 2021) - Mosaic Capital Corporation (TSXV: M) (TSXV: M.DB) (\"Mosaic\" or the \"Company\") has released its audited consolidated financial results for the year ended December 31, 2020. The Company's financial statements and management's discussion and analysis (\"MD&A\") for the year ended December 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 HIGHLIGHTSThree months ended December 31,Year ended December 31, (in $000s, except as noted)20202019% Change20202019% ChangeCONTINUING OPERATIONSRevenue$89,099$90,137-1%$325,842$381,829-15%Adjusted EBITDA (1)$8,332$7,8756%$42,970$34,83623%Net income (loss) and comprehensive income (loss)$3,960$(11,227)135%$(3,055)$(10,824)72%Free Cash Flow (1)$2,253$1,90518%$16,963$11,19552%DISCONTINUED OPERATIONS     Revenue$-$6,450NA$2,744$49,564NAAdjusted EBITDA (1)$-$641NA$(777)$5,796NANet income (loss) and comprehensive income (loss)$1,602$6,678NA$(3,546)$9,527NAFree Cash Flow (1)$-$340NA$(1,161)$3,876NAAGGREGATE     Revenue$89,099$96,587-8%$328,586$431,393-24%Adjusted EBITDA (1)$8,332$8,516-2%$42,193$40,6324%   per share$0.78$0.80-3%$3.95$3.833%   as a % of revenue (%)9.358.82 12.849.42 Net income (loss) and comprehensive income (loss)$5,562$(4,549)222%$(6,601)$(1,297)-409%Net income (loss) attributable to common equity holders$2,154$(3,372)164%$(16,234)$(8,344)-95%Free Cash Flow (1)$2,253$2,245-%$15,802$15,0715%   per share$0.21$0.21-%$1.48$1.424%Preferred securities distributions declared$1,512$1,512-%$6,016$6,000-%Common share dividends declared$-$1,128-100%$1,126$4,495-75%   per share$-$0.105-100%$0.105$0.420-75%TTM Preferred Distribution Payout Ratio (%) (1)  38.0738.18 Weighted avg. common shares outstanding10,705,66510,621,4201%10,684,66110,617,0821% Note:Adjusted EBITDA, Free Cash Flow and Trailing twelve-month (\"TTM\") Preferred Distribution Payout Ratio are not recognized measures under IFRS. Refer to \"Non-GAAP Measures\".FOURTH QUARTER HIGHLIGHTSFor the three month period ended December 31, 2020, Mosaic:generated $89.1 million in revenue from continuing operat...