FY2022 Q1 Results and Achievement of Debt-Free Status REGINA, SK, Feb. 16, 2022 /CNW/ - SSC Security Services Corp. (formerly Input Capital Corp.) ("SSC" or the "Company) (TSXV: SECU) (OTCQX: SECUF), a leading provider of cyber and physical security services to commercial and public sector clients across Canada, is pleased to release its results for the first quarter of the 2022 fiscal year ended December 31, 2021. All figures are presented in Canadian dollars.
"It was just over a year ago that we began our pivot into the security business. Now, with 98% of our revenue from security in the last quarter, the change has gone much faster than we expected," said President & CEO Doug Emsley. "During that quarter, we rebranded and renamed the company, consolidated our shares, changed our ticker symbol, began trading more formally in the United States on the OTCQX, and were heavily involved in the negotiation of the acquisition of Avante Logixx Inc. which we announced February 9. We also increased revenue by 6.1% quarter over quarter, and today, we achieved debt-free status when we repaid in full our long-term debt.
"We look forward to completing the Avante acquisition before the summer, and continuing to make big strides toward our growth objectives and growing into our balance sheet."