Data Communications Management Corp DCMDF

DATA Communications Management Corp. First Quarter Results

[Betteryear2]

May 10, 2023 05:40 PM Eastern Daylight Time

BRAMPTON, Ontario--(BUSINESS WIRE)--DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a provider of marketing and business communication solutions to companies across North America, is pleased to report continued momentum in the first quarter of 2023 with revenue up +9.8%, and gross profit up +16.3%, compared to the first quarter of 2022, respectively. Revenue growth has been driven by a combination of expansion revenue with existing clients, and new business wins. Gross margin growth exceeded revenue growth, reflecting the Company’s commitment to operational excellence and driving higher levels of net income.

DATA Communications Management Corp. Announces First Quarter 2023 Financial Results | Business Wire

[lscfa]

$30 million less 30% tax / 54 million shs = $0.39 per sh increment to eps..... "We expect to realize total annualized post-merger synergies in the range of $25 - $30 million over the next 18 - 24 months."

[lscfa]

adjusted net income should be -2431 + 4500 (1 time stock comp) + 6100 (1 time acquistion costs) = 8169 or $0.185 per sh.

[Torontojay]

There is also a tax consideration.  Statutory tax rate ~ 25.28% on acquisition costs  net income              ($2,431k) Acquisition costs      $6,118k tax effect.                 ($1,547k)          Stock comp             ~ $4.5m