Technology News

Enterprise Group, Inc. (TSX: E) ("Enterprise" or the "Company") announces the voting results of its annual and special meeting of shareholders held on June 23, 2022. The detailed results of the vote are set out below.

Election of Directors

The following nominees were elected as directors of the Company to hold office until the next annual meeting of the shareholders:

NomineeVotes For%Votes Withheld%
Leonard Jaroszuk18,182,24193.280%1,309,9526.720%
John Pinsent19,337,62799.207%154,5660.793%
Desmond O'Kell19,356,29499.303%135,8990.697%
John Campbell18,391,35194.352%1,100,8425.648%
Neil Darling18,414,85194.473%1,077,3425.527%

 

Appointment of Auditors

By vote by way of a show of hands, Grant Thornton LLP, Chartered Professional Accountants, of Edmonton, Alberta, were appointed auditors of the Company.

Stock Option Plan

The resolution to approve the unallocated entitlements under the Company's Stock Option Plan was passed with 91.332% of votes cast in favour of the resolution and 8.668% of votes cast against the resolution.

About Enterprise Group, Inc.

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com.

For questions or additional information, please contact:
Leonard Jaroszuk: President & CEO, or
Desmond O'Kell: Senior Vice-President
contact@enterprisegrp.ca
780-418-4400

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129233

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E:CA
Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients, is pleased to announce its Q2 2022 results.

Three months
June 30, 2022
Three months
June 30, 2021
Six months
June 30, 2022
Six months
June 30, 2021
Revenue$5,297,685 $3,225,543 $12,927,103 $9,084,830 
Gross margin$1,610,18830%$580,31218%$5,131,97340%$3,306,69936%
Adjusted gross margin(1)(2)$1,610,18830%$120,9504%$5,131,97340%$2,046,82123%
Adjusted EBITDA(1)(2)$1,015,97819%$(394,835)(12)%$4,045,80331%$1,070,54712%
Net (loss) income and comprehensive (loss) income$(513,268) $(1,626,547) $1,164,744 $(1,532,910) 
(Loss) income per share - Basic$(0.01) $(0.03) $0.02 $(0.03) 
(Loss) income per share - Diluted$(0.01) $(0.03) $0.02 $(0.03) 


(1) Identified and defined under "Non-IFRS Measures".

(2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. Starting in Q4 2021 to provide further comparability to pre-COVID operations, the Company has presented an Adjusted Gross Margin and Adjusted EBITDA to reflect the results of operations without any subsidy programs.

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Enterprise Group Inc (TSX:E) (the “Company” or “Enterprise”), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q3 2018 results.

Consolidated:Three months ended
September 30, 2018
Three months ended
September 30, 2017 restated(2)
Nine months ended
September 30, 2018
Nine months ended
September 30, 2017 restated(2)
Revenue$4,846,989$5,706,413$14,897,845$16,954,144
Gross margin$593,073$1,272,241$1,406,447$4,444,766
Gross margin %12%22%9%26%
EBITDA(1)$33,164$859,338$(660,993)$2,425,178
Loss before tax$(1,521,703)$(1,070,240)$(5,151,460)$(3,207,509)
Net (loss) income$(1,100,220)$328,933$(1,244,714)$(1,308,998)
EPS$(0.02)$0.01$(0.02)$(0.02)

(1) Identified and defined under “Non-IFRS Measures”.
(2) In March 2018, the Company closed a transaction to divest substantially all the assets of CTHA. The net operations of CTHA, including the prior period, are presented as a single amount in the consolidated statements of income (loss) and comprehensive income (loss).

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The Company is authorized to purchase up to 4,393,820 Shares under the normal course issuer bid, representing 10% of its public float, as of August 7, 2018. As of that date, there were 55,147,374 Shares issued and outstanding. The average daily trading volume of the Shares for the six months ended August 7, 2018, calculated in accordance with the rules of the TSX, was 37,550 Shares. Enterprise is subject to a daily repurchase limit of 25% of such volume, being 9,387 Shares, except where such purchases are made in accordance with the block purchase exemption under TSX rules.

Source: www.newswire.ca

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Consolidated:

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