RE:Record Financials for 2013
What is also positive about 2013 was that all key financial metrics substantially outpaced sales growth..............which is the mark of quality acquisitions along with rigorous integration.
Another positive is the move towards more and more commercial contracts which have higher margins.
In the fourth quarter of 2013 Platinum won the contract to supply bandwidth to the Saddlebrook flood relief camp in Southern Alberta.
In Q3 and Q4, the revenue runrates were stable at $2.5 million or $10 million on an annual basis.
This is because the acquisitions in 2013 contributed fully to these quarters but not earlier quarters.
Accordingly, taking into account the two acquisitions since Q4/13 ( after August 2013 ) and assuming that Pathcom will be successful, sales in 2014 should reach if not exceed $17 million.
Plus any other acquisitions that will be made.
This is a great unfolding growth and earnings story..