SSC Security Services Corp V.SECU

Alternate Symbol(s): SECUF

Industrials Security & Protection Services

SSC Security Services Corp. is a Canada-based holding company. The Company provides physical, cyber and electronic security services across Canada through two operating subsidiaries: SRG Security Resource Group Inc. and Logixx Security Inc. The Company has two segments: Security and Legacy Operations. Security segment provides security services to primarily commercial and public sector clients. Services include cyber security services, protective services as well as security system design, sales, installations, and monitoring and alarm response. Legacy operations segment is involved in canola streaming business. SRG Security Resource Group Inc. is a cyber security and physical security company, which operates in Canada, providing security services primarily to corporate and government clients. Logixx Security Inc. is a provider of protective and electronic security services to blue chip industrial, corporate and government clients across Canada.

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SSC Security Services Corp

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Post by Froggy1on May 17, 2024 11:20am

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The first quarter is trending the right direction. Gross margin is down, so that's bad, but their appears to be cost containment in terms of corporative administration, down from 13% to 12%. This is good news because you have to worry that a balance sheet that full of capital might lead to lazy approach to Costco containment.

Breakeven is possible this year.

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