Important notes - Per Diem revenue declined by 35.1% from the previous quarter. It cannot be determined at this time if this decrease will be permanent or not.
- Per Diem business currently represents about 17% of the companies revenues.
- Solutions Staffing ( BC) is capable of achieving just under $8m in ebitda over 12 months.
- Umana (Ontario) can achieve ~ $3.4m in ebitda
- if we exclude Quebec, ebitda is under $11.4 m, however there are corporate costs that have to be absorbed from Quebec.
- smaller agencies will eventually exit the industry in Quebec which will ultimately favour larger agencies in the long run. The company estimates many smaller agencies will disappear over the next 24 months.
- during the quarter measures were taken to decrease general and administrative expenses which should result in bottom line savings of $1m.