RediShred Capital Corp V.KUT

Alternate Symbol(s): RDCPF

Industrials Business Services

Redishred Capital Corp. is the owner of the PROSHRED, PROSCAN and secure e-Cycle brands, trademarks, and intellectual property in the United States. The Company operates through three segments: the granting and managing of shredding business franchises under the Proshred trademark (Franchising and Licensing); the operation of corporately owned shredding businesses (Corporate Locations); and supporting the franchises and corporately owned shredding businesses (Corporate). It digitizes, secures, shreds, and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. It grants PROSHRED and PROSCAN franchise businesses in the United States and by way of a license arrangement in the Middle East. It also operates 17 corporate businesses directly. The Company's services include home office shredding services, residential shredding services, hard drive destruction services, drop-off shredding services, and others.

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RediShred Capital Corp

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Post by Torontojayon Apr 30, 2024 7:43am

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Post# 36014197

Q4 results

Quarterly Highlights:

Consolidated Highlights:

The Company generated revenue of $16.8 million CAD , growing $1.4 million CAD , or 9% versus Q4 2022.
Consolidated EBITDA excluding the impact of net recycling revenue was $1.5 million, growing by $1.3 million CAD or 573% versus Q4 2022.
The Company generated free cash flow of $2.0 million CAD , consistent with Q4 2022.
Consolidated EBITDA was $3.1 million CAD , growing by 2% versus Q4 2022, driven by higher shredding and scanning sales, partially offset by lower net recycling revenue due to lower commodity paper prices.

Corporate Locations Highlights:

Corporate location revenue grew 10% versus Q4 2022 to $16.3 million CAD (10% constant currency growth - US Dollars is the constant currency) .
Corporate location EBITDA grew 10% versus Q4 2022 to $5.2 million CAD (11% constant currency growth) .
Same corporate location EBITDA grew 2% versus Q4 2022 to $4.8 million CAD (2% in constant currency).