Skip to main content

Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news

Real Matters Inc. (REAL-T) reported revenue of US$78.7-million for its third quarter ended June 30, compared to revenue of US$129.4-million a year earlier. The expectation was for revenue of US85.6-million.

Its net loss was US$1.4-million or 2 US cents per share versus a profit of US$5.3-million or 6 US cents a year ago. Its adjusted loss was US$2.3-million or 3 US cents per share versus a profit of US$8-million or 9 US cents a year ago.

**

Sherritt International Corp. (S-T) reported net earnings from continuing operations came in at $81.5-million or 21 cents per share, compared to a net loss from continuing operations of $10.4-million or 3 cents a year ago.

The company said revenue was $65.9-million up from $31-million a year ago.

**

Calfrac Well Services Ltd. (CFW-T) reported revenue of $318.5-million in the second quarter, an increase of 83 per cent from $173.8-million in the second quarter of 2021. The expectation was for revenue to come in at $304-million.

The company reported a net loss of $6.8-million or 18 cents per share compared to a net loss of $35.5-million or 95 cents per share a year ago.

**

NFI Group Inc. (NFI-T) announced that its president and CEO Paul Soubry will return to his role, effective Aug. 2, following a temporary medical leave.

On May 3, the company said he would be taking an immediate temporary medical leave of absence after being diagnosed with an aortic aneurysm, Brian Dewsnup, president of NFI Parts, became acting CEO of NFI Group during his absence.

“Mr. Soubry has been cleared by his doctor to return to work. Under the guidance of his healthcare team, Mr. Soubry has taken active steps to address his health, and a plan is in place going forward to ensure his continued well-being,” the company stated

**

Tilray Brands, Inc. (TLRY-T) announced that its revenue grew 8 per cent to US$153.3 million during the fourth quarter ended May 31 from US$142.2-million a year ago. On a constant currency basis, net revenue increased 14.5 per cent, the company stated. The expectation was for revenue to come in at US$149-million.

Its net loss of US$457.8-million during the fourth quarter compared to net income of US$33.6-million a year ago.

**

StorageVault Canada Inc. (SVI-T) reported second-quarter revenue increased to $66-million compared to $51.7-million in the year-ago quarter. The expectation was for revenue of $60.3-million, according to S&P Capital IQ.

The company reported a net loss of $7.3-million versus a net loss of $7.2-million a year ago.

StorageVault also said it’s increasing its quarterly dividend by 0.5 per cent to $0.002803 per common share.

**

North American Construction Group Ltd. (NOA-T) reported second-quarter revenue of $168-million, up from $139.3-million in the same period last year. The expectation was for revenue of $173.8-million, according to S&P Capital IQ.

Net income was $7.5-million or 25 cents per share versus net income of $2.7-million or 9 cents a year ago.

Adjusted EPS came in at 17 cents per share, which was in line with expectations.

**

Acadian Timber Corp. (ADN-T) reported $16.5-million in sales for its second quarter, compared to $19.4- million in the prior-year period.

Net income of $4.5-million or 27 cents per share compared to net income of $6-million or 36 cents a year ago.

The expectation was for sales of $18.8-million and earnings of 16 cents per share, according to S&P Capital IQ.

**

Athabasca Oil Corp. (ATH-T) reported second-quarter sales of $399.8-million, up from $207.5-million a year ago.

Net income of $47.1-million or 8 cents per share compared to a net loss of $14-million or 3 cents a year ago.

The company also reported a record $85-million adjusted funds flow up from $50.2-million a year ago.

**

Tidewater Renewables Ltd. (LCFS-T) announced that it expects to generate 2022 and 2023 run rate EBITDA at the high end of its previously disclosed ranges of $50-million to $55 million and $140-million to $150-million, respectively.

“The corporation remains optimistic about further outperformance in 2023, anchored by strong refined product fundamentals and regulatory tailwinds, following recent clarifications around the federal government’s Clean Fuel Regulation,” it stated.

The company said it has exceeded initial forecasts “due to increased renewable diesel prices and carbon credit values.”

It said full second-quarter results will come out on Aug. 11.

**

Topaz Energy Corp. (TPZ-T) announced agreements with Tourmaline Oil Corp. (TOU-T) to purchase newly created gross overriding royalty interests on approximately 0.2 million gross acres of developed and undeveloped land in the Peace River and Deep Basin play areas of Alberta for $52-million,

“In light of the acquisition and expanded capital development plans by certain of Topaz’s strategic partners, Topaz has increased its 2022 guidance estimates,” it added.

**

Richards Packaging Income Fund (RPI-UN-T) reported revenue of $119.7-million for the second quarter versus revenue of $113-million a year ago, according to documents filed on Sedar. The expectation was for revenue of $112.8-million in the latest quarter, according to S&P Capital IQ.

Net income of $11.5-million compared to $1.7-million a year ago. EPS came in at $1.04 per share, which was ahead of expectations of 91 cents per share.

“The upside revenue surprise in May and June reflects significant growth in aesthetics as clinics reopened and pent-up demand ahead of the summer vacation season took hold,” the company stated in a release. However, it said, “the future looks less rosy as we face two headwinds.”

The company said purchasing by its competitors in the pump and sprayer market has created an oversupply that will depress our sales by 6 per cent for the next few quarters. It also said “higher interest rates and a recession will undermine our health care equipment sales,” which represent 9 per cent of its total revenues.

**

Surge Energy Inc. (SGY-T) announced second-quarter revenue of $213-million, up from $80.9-million a year ago.

Net income of $72-million or 83 cents per share compared to net income of $307-million or $7.01 a year ago. (The 2021 quarter included a non-cash impairment reversal of $323.6-million, the company stated).

Adjusted funds flow of $78.6-million or 91 cents per share compared to $13.6-million or 31 cents a year ago.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Report an editorial error

Report a technical issue

Editorial code of conduct

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 27/03/24 3:46pm EDT.

SymbolName% changeLast
SVI-T
Storagevault Canada Inc
-0.39%5.16
NOA-T
North American Construction Group Ltd
-1.99%30.12
ADN-T
Acadian Timber Corp
-0.63%17.38
LCFS-T
Tidewater Renewables Ltd
+5.68%7.63
ATH-T
Athabasca Oil Corp
+0.58%5.23
TPZ-T
Topaz Energy Corp
-0.27%22.3
TOU-T
Tourmaline Oil Corp
+1.69%63.33
RPI-UN-T
Richards Packaging Income Fund
-0.2%34.43
SGY-T
Surge Energy Inc
+1.18%7.71
NFI-T
Nfi Group Inc.
-3.38%12.87
CFW-T
Calfrac Well Services Ltd
+0.51%3.96
TLRY-T
Tilray Inc
-1.19%3.33
REAL-T
Real Matters Inc
-1.13%6.12
S-T
Sherritt Intl Rv
0%0.28

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe