Bullboard - Stock Discussion Forum Calian Group Ltd T.CGY

Alternate Symbol(s): CLNFF

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Calian Group Ltd. is a diverse solutions company. The Company is engaged in providing healthcare, communications, learning and cybersecurity products and services. It provides business services and solutions to both industry and government customers in the areas of health, learning, defense, security, aerospace, engineering, and information technology (IT). Its Advanced Technologies segment is... see more

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TSX:CGY - Post Discussion

Calian Group Ltd > Calian Reports Record Gross Margins

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Post by Betteryear2 on Aug 10, 2022 7:18pm

Calian Reports Record Gross Margins

(All amounts in release are in Canadian dollars)

OTTAWA, ON / ACCESSWIRE / August 10, 2022 / Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its results for the third quarter ended June 30, 2022. Calian reports consolidated revenues of $150 million for its four operating segments, which is a 10% increase over the same quarter in the previous year.

Third quarter highlights:

Revenue of $150 million, a 10% increase over Q3 FY21
Gross margin of 30%, a new record for the Company and up from 25% in Q3 FY21
Adjusted EBITDA of $16.1 million, an 8% increase over Q3 FY21
Net cash up $10 million from the previous quarter on operating cash flow of $19.8 million
New contract signings of $190 million
Revenues outside Canada increased to 33% of total revenues Calian Reports Record Gross Margins and Achieves First-ever $150M Revenue Quarter - Q3 FY22 Results

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