Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
CareRx Corp. (CRRX-T) reported fourth-quarter revenue from continuing operations increased 109 per cent to $96.9-million from $46.4-million a year earlier. The expectation was for revenue of $91.8-million, according to S&P Capital IQ.
Adjusted EBITDA from continuing operations increased 86 per cent to $7.6-million from $4.1-million. The company said its net loss from continuing operations increased by 47 per cent to $4.4-million or 10 cents per share from $3-million or 12 cents per share a year earlier.
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High Tide Inc. (HITI-X) reported that its revenue increased to $72.2-million in the first quarter ended Jan. 31 compared to $38.3-million in the same quarter last year. The expectation was for revenue of $70.3-million in the latest quarter.
Adjusted EBITDA for the first quarter was $3-million compared to $4.6-million for the same quarter last year. Its net loss was $7.4-million or 14 cents per share versus a loss of $16.8-million or 62 cents a year earlier. The expectation was for a loss of 12 cents.
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Canacol Energy Ltd. (CNE-T) reported revenue of $77.1-million up from $64-million a year earlier. Net income of $7-million, or 4 cents per share, compared to a net income of $921,000, or a penny per share, a year earlier.
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Badger Infrastructure Solutions Ltd. (BDGI-T) reported fourth-quarter revenue of $152.9-million, up 17 per cent from a year earlier. The company said its net loss came in at $5.9-million or 17 cents per share versus a profit of $1.8-million or 5 cents a year earlier.
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North American Construction Group Ltd. (NOA-T) announced a five-year contract awarded to Mikisew North American Limited Partnership by a major oil sands producer.
“Given the contractual scope included in the award, the new agreement qualifies as backlog which is estimated at $125-million, the company stated.
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Nanalysis Scientific Corp. (NSCI-X) announced it has received repayable funding of just under $5-million to expand manufacturing operations and global markets for nuclear magnetic resonance products from the government of Canada. The funding is provided through Prairies Economic Development Canada’s Business Scale-up and Productivity program, the company stated.
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The Real Brokerage Inc. (REAX-X) reported revenue of $50.5-million up from $7.1- million a year earlier.
Its net loss was $3.8-mllion or 2 cents per share, which was in line with expectations and compared to a loss of $1.3-million or a penny per share a year earlier.
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Telesat Corp. (TSAT-T) reported consolidated revenue of $187-million in the fourth quarter, a decrease of 7 per cent compared to $201.9-million in the same period in 2020.
Net income was $97-million compared to net income of $255-million for 2020.
“The decline was the result of lower revenues, higher expenses, a significantly lower non-cash foreign exchange gain in 2021 compared to the gain in 2020,” the company stated.
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HEXO Corp. (HEXO-T) reported revenues of $52.8-million for its second quarter ended Jan. 31 compared to $32.9-million a year ago. The expectation was for revenue of $57.2-million.
Its net loss was $690-million up from $20.8-million a year earlier.
The company said it completed a writedown of $616-million in impairments, in the quarter as part of a restricting initiative “eliminating past issues and enabling a clean slate for future growth.”
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Veritiv Corp. (VRTV-N) announced an agreement to sell its Veritiv Canada Inc. business to Imperial Dade.
“This sale aligns with our strategy to focus on higher-growth, higher-margin businesses and geographies, and further invest in building on our industry-leading packaging and facility solutions capabilities,” said Sal Abbate, Veritiv’s CEO.
Veritiv said it expects to use net proceeds from the transaction to support its recently announced $200-million share repurchase program as well as future capital priorities and growth initiatives.
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