Bullboard - Stock Discussion Forum SSC Security Services Corp V.SECU

Alternate Symbol(s): SECUF

Industrials Security & Protection Services

SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada, through its subsidiary, Logixx Security Inc. The Company's segments include Security Services, Legacy Operations, and Corporate. The Security Services segment provides security services to primarily commercial and public sector clients... see more

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SSC Security Services Corp > Security Business Cash Flow Negative

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Post by nozzpack on Feb 06, 2023 7:39am

Security Business Cash Flow Negative

Corporate costs were $6.3 million in Q4 which was the first full quarter for XX inclusion.

Gross margin in Q4 was $4.5 million which means a cash burn of at least $1.8 million .

This excludes all legacy contributions , so the Security business poor performance is being masked by cash inflows from the rapidly dwindling legacy cash inflows.

Without those inflows, unless they quickly right side the operating costs of the Security business, the dividend is history and the cash position will continue to dwindle..

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