Small Cap Stocks to Watch- G&M Information Services Corp. (
) reported fourth-quarter revenue was $44.2-million, an increase of 13 per cent compared to the fourth quarter of 2020. “The increase was due to strong activity in the Saskatchewan real estate sector, which drove increased revenue in the Saskatchewan Land Registry, coupled with continued organic growth in our Services segment through integrated technology-driven product offerings,” the company stated.
Net income was $10.3-million or 57 cents per share compared to $7.9-million or 45 cents per share a year earlier. “The increase is due to the increased revenue in Registry Operations and Services, lower professional and consulting expenses in 2021 and a reduction in share-based compensation expense in the quarter,” the company stated.
The expectation was for revenue of $41-million and earnings of 47 cents per share in the latest quarter, according to S&P Capital IQ.