Bullboard - Stock Discussion Forum Data Communications Management Corp DCMDF

Primary Symbol: T.DCM

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DATA Communications Management Corp. is a Canadian tech-enabled provider of print and digital solutions that help simplify complex marketing communications and operations workflow. The Company is engaged in delivering individualized services to its clients that simplify their communications, including customized printing, highly personalized marketing communications, campaign management... see more

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Data Communications Management Corp > Copied and paste from ceo.ca

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Post by Torontojay on May 31, 2023 11:57am

Copied and paste from ceo.ca

fordf150 May 31/23.....

• Revenue for 2022 was estimated to be a midpoint of $271 million, up at least 15% from 2021
• EBITDA was estimated to be a midpoint of $36 million, up at least 41% from the year before (actual reported results on March 21st came in slightly better than the midpoint estimates with sales of $273.8 million and EBITDA of $36.4 million)

• The company also said it would be acquiring Moore Canada, the domestic operations of US-based printing giant R.R. Donnelley & Sons

• DCM stock started to rally on the one-two punch, climbing to as high as $3.81 on May 2nd before retreating to close Monday at $2.83

• When DCM reported Q1 results on May 10th, sales grew 9.8% from a year ago to $76.1 million while acquisitions costs and some mark-to-market expenses pushed EBITDA lower

• DCM also indicated that on a pro forma basis, 2022 revenue would have been $520 million if combined with Moore Canada

• On May 25th, DCM closed a $26.1 million private placement financing priced at $3.00 where the CEO and other insiders participated.

• On May 25th, six DATA Communications Management spent a combined $305,400 buying shares in a private placement priced at $3.00

• The biggest buyer was CEO Richard Kellam who subscribed for 33,350 shares, who now holds 757,855 shares, which represents 1.6% of all shares outstanding

• We also note that Director Michael Sifton exercised 544,321 options on May 24th at $1.38 and has not subsequently sold any shares, accordingly, he now holds 5.04 million shares representing 11.0% of all shares outstanding

• On the same day, CFO James Lorimer exercised 60,374 options and has not subsequently sold, now holding 370,981 shares which represents 0.8% of all shares outstanding

• DATA Communications has above median ownership (direct & indirect holdings) by Officers and Directors compared to other small-cap stocks in the Consumer Cyclicals sector

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