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Bullboard - Stock Discussion Forum Calian Group Ltd T.CGY

Alternate Symbol(s):  CLNFF

Calian Group Ltd. is a diverse solutions company. The Company is engaged in providing healthcare, communications, learning and cybersecurity products and services. It provides business services and solutions to both industry and government customers in the areas of health, learning, defense, security, aerospace, engineering, and information technology (IT). Its Advanced Technologies segment is... see more

TSX:CGY - Post Discussion

Calian Group Ltd > earnings release
View:
Post by profitprophet1 on Nov 24, 2021 5:38pm

earnings release

Calian Announces $518 Million in Revenue for Year Ended September 30, 2021

 
 
 
 
In this article:
 
 
 
  • 20% revenue growth caps off 20 years of profitability

  • (All amounts in release are in Canadian dollars)

OTTAWA, ON / ACCESSWIRE / November 24, 2021 / Calian Group Ltd. (TSX:CGY), a diverse product and services company providing innovative solutions for the healthcare, communications, learning and security sectors, today released its annual results for the year ended September 30, 2021.

Calian Group Ltd. (the "Company") reported revenues for the quarter of $128 million, representing a 4% increase from the $123 million reported in the same quarter of the previous year. For the year ended September 30, 2021, the Company reported revenues of $518 million, a 20% increase from the $432 million in the previous year.

Fourth quarter highlights:

  • 80th consecutive profitable quarter

  • Revenue of $128 million, a 4% increase over Q4'20

  • Adjusted EBITDA of $12.4 million, a 35% increase over Q4'20

  • Adjusted net profit of $8.9 million, a 54% increase over Q4'20

  • Gross margins of 26%, a new record

  • New contract signings of $84 million

 

Full year 2021 highlights:

  • 20th consecutive profitable year

  • Revenue of $518 million, a 20% increase over FY20

  • Adjusted EBITDA of $51.9 million, a 41% increase over FY20

  • Adjusted net profit of $37.2 million, a 58% increase over FY20

  • Consolidated gross margin of 24% represents the highest annual gross margin performance in company history

  • EBITDA margin exceeds 10%

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