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Armada Data Corporation is a Canada-based information and marketing services company. The Company is engaged in providing real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related Web sites and providing information technology and marketing services to its clients. The Company’s segments include Insurance Services, CarCostCanada... see more

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Armada Data Corp > Some stats

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Post by PlanetURF on Apr 22, 2020 7:15pm

Some stats

So it seems that car crashes are actually up in a lot of places because people drive more recklessly on emptier roads lol. Except for plces in complete lock down. So probably their insurance reports will not see a major dip in revenue.

https://usa.streetsblog.org/2020/04/09/covid-19-cuts-car-crashes-but-what-about-crash-rates/

That said, Carcostcanada will likely be down 25-50%. Since car sales are down about 50%. So far no news on furloughing employees though. Quartelry will be out soon, hopefully we will know more then.

They got some working capital that will be released if revenue goes down, and a nice cash cushion.

Dissapointing though, if it wasn't for coronavirus, they would have had record year.

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