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Mosaic Capital Corporation Reports Record Annual 2019 Financial Results
Calgary, Alberta--(Newsfile Corp. - March 18, 2020) -  Mosaic Capital Corporation (TSXV: ...

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[{"type":"text","content":"Mosaic Capital Corporation Reports Record Annual 2019 Financial ResultsCalgary, Alberta--(Newsfile Corp. - March 18, 2020) -  Mosaic Capital Corporation (TSXV: M) (TSXV: M.DB) (\"Mosaic\" or the \"Company\") has released its audited financial results for the year ended December 31, 2019. The Company's financial statements and management's discussion and analysis (\"MD&A\") 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(1) Three months ended December 31,Year ended December 31,(in $000s, except as noted)2019  2018  % Change  2019  2018  %Change CONTINUING OPERATIONS(restated)(restated)Revenue$93,150 $108,858  -14% $395,282 $366,626  8% Adjusted EBITDA (2)$8,121$9,781-17%$36,668$34,8645%Net (loss) income and comprehensive (loss) income $(11,548)$3,397-440%$(10,731)$17,378-162%Free Cash Flow (2)$2,311 $3,944  -41% $13,670 $11,537  18% DISCONTINUED OPERATIONS      Revenue$3,434$7,728-56%$36,123$30,34519%Adjusted EBITDA (2)$392$29732%$3,965$276NANet income (loss) and comprehensive income (loss) $6,996$37NA$9,432$(1,000)NAFree Cash Flow (2)$91 $(58)  258% $2,045 $(838)  344% AGGREGATE       Revenue$96,584$116,586-17%$431,405$396,9719%Adjusted EBITDA (2)$8,513$10,078-16%$40,633$35,14016% per share$0.80$0.95-16%$3.83$3.3215% as a % of revenue8.81%8.64% 9.42%8.80% Net (loss) income and comprehensive (loss) income $(4,552)$3,434-233%$(1,299)$16,378-108%Net (loss) income attributable to equity holders $(3,374)$145NA$(8,344)$5,788-244%Free Cash Flow (2)$2,402$3,886-38%$15,715$10,69947% per share$0.23$0.37-38%$1.48$1.0144%Preferred securities distributions declared $1,512$1,512-$6,000$6,000-Common share dividends declared$1,126$1,1151%$4,495$4,4581% per share$0.105$0.105-$0.420$0.420-TTM Preferred Distribution Payout Ratio (2)   38%56%-32%TTM Combined Payout Ratio (2)   67%98%-32%Weighted avg. common shares outstanding10,621,420 10,608,058   - 10,617,082 10,599,111  -       Note:(1)     
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