- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Mediagrif reports its results for fiscal year 2018
Mediagrif Interactive Technologies (TSX:MDF), a Canadian leader in information technology announced its financial results for the year ended March 31, 2018. The company said that its revenues were up 4.1 percent to reach $80.9 million for the fiscal year. Its adjusted EBITDA was $23.4 million and cash flow from operating activities totaled $17.9 million. As …
Mediagrif Interactive Technologies (TSX:MDF), a Canadian leader in information technology announced its financial results for the year ended March 31, 2018.
The company said that its revenues were up 4.1 percent to reach $80.9 million for the fiscal year. Its adjusted EBITDA was $23.4 million and cash flow from operating activities totaled $17.9 million.
As quoted in the press release:
FISCAL YEAR ENDED MARCH 31, 2018
For fiscal year 2018, revenues reached $80.9 million, an increase of 4.1% compared to $77.7 million in fiscal year 2017.
The increase in revenues is mainly attributable to the addition of Orckestra revenues of $4.0 million for a period of nine months following its acquisition on June 23, 2017 as well as additional revenues from ASC of $1.3 million for a full twelve-month period in fiscal year 2018 compared to a ten-month period during fiscal year 2017. In addition, InterTrade and BidNet platforms continued their organic growth adding $1.0 million in revenues during fiscal year 2018.
These revenues increases were partially offset by lower revenues at Jobboom for a total amount of $1.2 million mainly due to price adjustments reflecting market conditions as the number of customers remained stable during the year with the number of job postings increasing 78% when compared to fiscal year 2017.
Profit reached $7.2 million ($0.48 per share), compared to $15.8 million($1.06 per share) during fiscal year 2017.
FOURTH QUARTER OF FISCAL YEAR 2018
For the fourth quarter of fiscal year 2018, revenues reached $20.5 million, an increase of $0.5 million when compared to the fourth quarter of fiscal year 2017.
Adjusted EBITDA for the fourth quarter of fiscal year 2018 totaled $5.6 million and includes non-recurring retention incentives of $0.2 million in connection with the acquisition of Orckestra. Furthermore, adjusted EBITDA for the fourth quarter of fiscal year 2018 includes a $0.3 millionoperational loss from Orckestra compared to a $0.7 million loss during the third quarter of the current fiscal year.
Profit reached $2.1 million ($0.14 per share) compared to $3.6 million ($0.24per share) during the fourth quarter of fiscal year 2017. Profit for the fourth quarter of fiscal year 2018 also includes a non-deductible interest expense of $0.4 million related to a tax settlement.
QUARTERLY DIVIDEND
The Board of Directors of Mediagrif declared a quarterly dividend of $0.10per share payable on July 16, 2018, to shareholders of record on July 3, 2018.
Outlook Reports
Featured Data Investing Stocks
Browse Companies
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 2390.86 | +0.85 | |
Silver | 28.67 | +0.01 | |
Copper | 4.52 | +0.05 | |
Oil | 83.24 | +0.51 | |
Heating Oil | 2.55 | +0.01 | |
Natural Gas | 1.76 | 0.00 |
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.