OTTAWA, ON / ACCESSWIRE / November 24, 2021 / Calian Group Ltd. (TSX:CGY), a diverse product and services company providing innovative solutions for the healthcare, communications, learning and security sectors, today released its annual results for the year ended September 30, 2021.
Calian Group Ltd. (the "Company") reported revenues for the quarter of $128 million, representing a 4% increase from the $123 million reported in the same quarter of the previous year. For the year ended September 30, 2021, the Company reported revenues of $518 million, a 20% increase from the $432 million in the previous year.
Fourth quarter highlights:
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80th consecutive profitable quarter
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Revenue of $128 million, a 4% increase over Q4'20
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Adjusted EBITDA of $12.4 million, a 35% increase over Q4'20
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Adjusted net profit of $8.9 million, a 54% increase over Q4'20
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Gross margins of 26%, a new record
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New contract signings of $84 million
Full year 2021 highlights:
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20th consecutive profitable year
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Revenue of $518 million, a 20% increase over FY20
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Adjusted EBITDA of $51.9 million, a 41% increase over FY20
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Adjusted net profit of $37.2 million, a 58% increase over FY20
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Consolidated gross margin of 24% represents the highest annual gross margin performance in company history
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EBITDA margin exceeds 10%