Globe & Mail 09:56 AM EST, 03/10/2022 (MT Newswires) -- Magnet Forensics Inc. (MAGT.TO), a developer of digital investigation software, on Thursday reported a fourth-quarter net income of $806,000, down from $4.5 million a year ago. Two analysts polled by Capital IQ estimated $1.4 million.
The company's shares rose 0.6% on last look on Thursday.
Revenue for the quarter ended Dec. 31 was $21.4 million, up from $15.6 million a year earlier. Five analysts surveyed by Capital IQ expected $19.1 million.
Looking ahead to 2022, the company is expecting revenues of $91.5 million to $93.5 million. Five analysts polled by Capital IQ are projecting $88.1 million.
The company is expecting an adjusted EBITDA of $13 million to $15 million for 2022.
Price: 26.00, Change: +0.16, Percent Change: +0.62