Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news
Cineplex Inc. CGX-T reported a first-quarter loss of $42.2-million in its latest quarter as its revenue soared with customers returning to movie theatres.
CEO Ellis Jacob says with operating restrictions now completely lifted across its theatres, customers are returning and the company is seeing positive results and momentum across its business lines.
Cineplex says the loss amounted to 67 cents per share for the quarter ended March 31 compared with a loss of $89.7-million or $1.42 per diluted share a year earlier.
Revenue totalled $228.7-million, up from $41.4-million in the first three months of 2021.
The company says theatre attendance in the quarter totalled 6.7 million compared with 415,000 in the same quarter last year when it faced with pandemic-related closures for a majority of the period.
Box office revenue per patron was a first-quarter record of $12, compared with $9.20 a year ago, while concession revenue per patron was an all-time quarterly record at $8.82, up from $6.12 in the same quarter last year.
- The Canadian Press
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Neo Performance Materials Inc. (NEO-T) reported first-quarter revenue US$166.3-million compared to US$130.9-million for the same period in the prior year. The expectation was for revenue to come in at $160.9-million.
Net income of US$22.7-million or 55 US cents per share, compared to US$7.6-million or 20 US cents per share last year.
Adjusted net income totaled US$23.5-million or 57 US cents per share compared to $15.1-million or 40 US cents per share last year.
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Copper Mountain Mining Corp. (CMMC-T) issued a statement late Thursday citing “media speculation” regarding a possible transaction related to the Eva Copper Project in Queensland, Australia.
“The company’s policy is not to comment on market speculation,” it stated, adding that it “regularly reviews strategic opportunities to enhance shareholder value, and that there are no pending transactions with respect to the Eva Copper Project of any nature to note at this time.”
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Hardwoods Distribution Inc. (HDI-T) reported that its first-quarter sales rose to US$644.9-million, from US$291.2-million a year earlier.
Profit came in at US$43.5-million or US$1.82 per share versus a profit of US$13-million or 61 US cents a year ago.
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K-Bro Linen Inc. (KBL-T) reported revenue of $61.4-million up from $47.6-million a year ago. The expectation was for revenue of $60.2-million.
Net earnings in the first quarter came in at $446,000 or 4 cents per share compared to $1.6-million or 15 cents a year ago.
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Automotive Properties Real Estate Investment Trust (APR.UN-T) reported first-quarter rental revenue of $20.4-million compared to $19.4-million a year ago. The result was in line with expectations of $20.2-million.
Net income of $29.7-million was up from $26.3-million a year ago.
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Badger Infrastructure Solutions Ltd. (BDGI-T) reported that first-quarter revenue came in at US$114.1-million, up 33 per cent from the same quarter in 2021. Adjusted EBITDA in the first quarter was US$10.7-million up from US$4.4-million in 2021.
Its net loss was US$5.3-million or 15 US cents per share versus a loss of US$11.7-million or 34 US cents a year ago.
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StorageVault Canada Inc. (SVI-T) announced it has agreed to acquire seven stores from seven vendor groups for a total of $171.6-million.
Six of the acquisitions are arm’s length and one, totalling $14-million, is a related party acquisition, the company stated.
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Hudbay Minerals Inc. (HBM-T) announced a U.S. court affirmed a decision from July 2019 relating to its Rosemont copper project in Arizona.
In a statement, Hudbay said the U.S. Court of Appeals for the Ninth Circuit agreed with the District Court’s ruling that the U.S. Forest Service “relied on incorrect assumptions regarding its legal authority and the validity of Rosemont’s unpatented mining claims in the issuance of Rosemont’s Final Environmental Impact Statement.”
Hudbay said it’s reviewing the decision and will continue to pursue its alternative plan to advance its Copper World project. Hudbay said it has discovered the Copper World deposits located on patented mining claims adjacent to Rosemont.
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Extendicare Inc. (EXE-T) reported revenue of $305.7-million for its first quarter, up from $294.9-million a year ago. The expectation was for revenue to come in at $308.1-million. Net earnings of $4.1-mllion or 4 cents per share compared to net earnings of $8.3-million or 9 cents a year ago.
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ECN Capital Corp. (ECN-T) reported first-quarter adjusted net income applicable to common shareholders from continuing operations of $14.3-million or 6 cents per share versus $4.7-million or 2 per share for the same period last year. The expectation was for adjusted earnings of 7 cents for the latest quarter, according to S&P Captial IQ.
The company said originations for the three-month period ended March 31 were $398-million compared to $182.2 million for the same period last year.
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Sienna Senior Living Inc. (SIA-T) reported first-quarter revenue of $174.3-million, up from $161.2-million a year ago. Net income of $26-million or 38.5 cents per share compared to net income of $10.1-million or 15 cents a year ago.
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Dye & Durham Limited (DND-T) reported revenue of $122.9-million for its third quarter ended March 31, which it said was an increase of $54-million, or 78 per cent, from the same period in the prior year.” The expectation was for revenue to come in at $120.7-million.
Its net loss was $7-milion, which the company said was an increase of $3.6-million from the same period in the prior year, “primarily due to increased operational income as a result of an increase in revenue.”
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Aurora Cannabis Inc. (ACB-T) reported revenue of $50.4-million for its third quarter ended March 31, which it said is down from $55.2-million a year ago. The expectation was for revenue of $52.6-million, according to S&P Capital IQ The company said its adjusted EBITDA loss was $12.3-million versus a loss of $20.9 million in the prior-year period.
The company also announced further cost savings as part of a business transformation plan from $60-million to $80-million to $150-million to $170-million by the first half of 2023.
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TerrAscend Corp. (TER-CN) reported net revenue of US$53.4-million for the first quarter as compared to US$49.7-million a year ago. Its net loss was US$14.1-miillion versus a loss of US$16-million a year ago.
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ABC Technologies Holdings Inc. (ABCT-T) reported revenue of US$285.8-million for its third quarter ended March 31, up 31 per cent versus last year.
Its net loss of US$6.3-million compared to a net loss of US$20.7-million a year ago.
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Guardian Capital Group Ltd. (GCG-T) reported first-quarter net revenue of $75.1-million, up from $64.7-million reported in the same quarter in the prior year.
The company reported net earnings attributable to shareholders of $4.3-million or 16 cents per share versus earnings of $49.6-million or $1.83 a year ago.
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