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Bullboard - Stock Discussion Forum Topicus.Com Inc V.TOI

Alternate Symbol(s):  TOITF

Topicus.com Inc. is a Canada-based provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. The Company is engaged principally in the development, installation and customization of software and the provision of related professional services and support for customers across several diverse markets primarily in Europe... see more

TSXV:TOI - Post Discussion

Topicus.Com Inc > Earnings Assessment
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Post by retiredcf on Nov 14, 2023 6:24am

Earnings Assessment

TOI’s recent quarter performance is solid. In the 3Q, TOI’s revenue grew 22% to Euro 279M beating compared to last year of Euro 228M (with 8% organic growth), cash flow in the last nine months also improved significantly from Euro 60M last year to almost Euro 155M. The balance sheet is strong, with a net debt of Euro 150M, and a net debt/EBITDA of 0.8x. The pace of cash flow deployed for acquisition slowed down a bit in the quarter, but we think given the large addressable market, TOI still has multiple years to grow at a healthy pace going forward. Overall, a solid quarter, with strong organic growth (strongest among all the CSU’s companies), we think the company continues to demonstrate great execution. (5iResearch)
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