June 28, 2022

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making information and on the transfer at present.

NFI Group Inc. (NFI-T) has minimize its dividend by 75 per cent and swung to a loss within the fourth quarter.

The bus maker reported a web lack of US$8.7-million or 12 US cents per share within the fourth quarter versus a revenue of US$8.5-million or 14 US cents a yr earlier. On an adjusted foundation, the loss was 21 US cents per share versus a revenue of 13 US cents. The expectation was for a lack of 14 US cents per share within the newest quarter.

Income of $695-million was down 2 per cent versus a yr earlier and forward of expectations of US$609-million.

The corporate declared a dividend of 5.3 cents down from 21.25 cents beforehand. “Though administration continues to consider that the provision and logistics disruptions affecting NFI are short-term, the board has taken the prudent choice to decrease the quarterly dividend quantity,” it said, whereas additionally calling provide chain disruptions short-term and stated it believes there “shall be a possibility for dividend will increase in 2023 if the corporate’s monetary efficiency improves as anticipated.”

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MDA Ltd. (MDA-T) introduced that it’s receiving $269-million from the Canadian Area Company (CSA) for the following section of the Canadarm3 program.

The corporate stated the award for Section B of this system will see it full the preliminary design of the Canadarm3 robotics system that shall be used aboard the NASA-led Gateway – “a significant, multi-year worldwide collaboration to ascertain a sustainable area station in lunar orbit to assist human and robotic missions to the floor of the Moon.”

“That is one other vital milestone for MDA that demonstrates our skill to execute within the quickly accelerating international area economic system and additional reinforces our function as a worldwide chief in robotics and area operations,” stated Mike Greenley, COE of MDA.

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Pollard Banknote Restricted (PBL-T) reported gross sales of $116.5-million for its fourth quarter ended Dec. 31, which it says is a file for the quarter and up from $103.7-million a yr earlier. The expectation was for income of $120.1-million, in accordance with S&P Capital IQ.

Web earnings of $5.2-million or 19 cents per share in comparison with $12.2-million or 47 cents per share a yr earlier.

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Patriot One Applied sciences Inc. (PAT-T) introduced a $10-million public providing. The corporate stated it has an engagement letter with Echelon Wealth Companions Inc., which has agreed to do a marketed public providing of items “on a commercially affordable efforts foundation.” It stated the unit phrases and value of the providing shall be decided within the context of the market. Patriot One stated it intends to make use of the proceeds for working capital and basic company functions.

The corporate additionally reported income of $1.2-million for its second quarter ended Jan. 31 in comparison with $0.3-million a yr earlier.

Its loss was $3.1-million or 2 cents per share in comparison with $3.1-million versus 2 cents a yr earlier.

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Alithya Group inc. (ALYA-T) introduced the signing of a multi-year grasp companies settlement with a significant Canadian monetary establishment. It didn’t title the establishment within the launch, however stated it was one in all Canada’s ‘Massive Six’ banks.

It stated the settlement consists of a three-year time period, with provisions for 2 one-year renewals. The settlement “ensures that Alithya can reply rapidly to the wants of the enterprise by decreasing delays between definition and mission initiation,” it said.

The preliminary assertion of labor has been established at roughly $4.7-million, with two service agreements representing a cumulative worth of $2.9- million already signed, it said.

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Transat A.T. Inc., (TRZ-T) reported income of $202.4-million for its first quarter ended Jan. 31 up from $41.9-million a yr earlier. The expectation was for income of $238.6-million.

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“This improve resulted primarily from an increase within the variety of travellers mixed with a slight improve in common promoting costs,” it said.

Its web loss was $114.3-million or $3.03 per share in contrast with $60.5-million or $1.60 per share for a similar quarter final yr. Its adjusted web loss was $2.53 per share versus a lack of $2.89 per share a yr earlier. The expectation was for adjusted EPS to come back in at $2.16 per share within the newest quarter.

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AcuityAds Holdings Inc. (AT-T) reported income of $36.8-million from a yr in the past, a 5 per cent yr over yr improve and consistent with expectations of $36.4-million.

Adjusted EBITDA was $5.9-million in comparison with $7.8-million for the three months ended Dec. 31, 2020. Web earnings was $2.5-million, in comparison with web earnings of $4.2-million a yr earlier.

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KP Tissue Inc. (KPT-T) reported fourth-quarter income of $424.1-million  in comparison with $385-million a yr earlier and forward of expectations of $385.4-million.

Web earnings was $42.3-million in comparison with a lack of $28.5-million a yr earlier. “The rise was primarily attributable to increased earnings tax restoration, decrease different expense, an impairment cost in fiscal 2020 and better adjusted EBITDA as mentioned above, partially offset by increased curiosity expense and different finance prices and better depreciation and amortization,” the corporate said.

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LifeWorks Inc. (LWRK-T) reported fourth-quarter income of $258.4-million up from $249.6-million a yr earlier. The expectation was for income of $260.8-million, in accordance with S&P Capital IQ.

Its loss was $1.4-million or 2 cents per share versus a revenue of $10.8-million or 15 cents a yr earlier, in accordance with paperwork filed on Sedar.com. Adjusted EBITDA was $47.8-million versus $51-million a yr earlier.

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Factors.com Inc. (PTS-T) reported fourth-quarter income of US$115.1-million up from US$56.4-million a yr earlier and forward of expectations of US$106.8-million.

Its web earnings was US$1.5-million versus a lack of US$700,000 a yr earlier. Adjusted EBITDA was US$5.5-million in comparison with US$400,000 a yr earlier.

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The Keg Royalties Revenue Fund (KEG-UN-T) introduced fourth-quarter royalty pool gross sales of $149.2-million in comparison with $77.1-million a yr earlier. Whole earnings of $7-million was up from $4.2-million a yr in the past.

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Its loss was $1.6-million or 14 cents per share versus a lack of $22.6-million or $1.99 per share a yr earlier.

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Bonterra Power Corp. (BNE-T) reported fourth-quarter income of $79.2-million, up from $31.8-million a yr earlier.

Web earnings got here in at $16.3-million or 46 cents per share versus a lack of $11-million or 33 cents per share a yr earlier.

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Surge Power Inc. (SGY-T) reported fourth-quarter gross sales of $143.4-million in comparison with $59.9-million a yr earlier.

Web earnings of $42.9-million or 54 cents per share in comparison with a lack of $57.7-million or $1.44 per share a yr earlier. Adjusted funds move was $43.3-million or 54 cents per share versus $8.5-million or 21 cents a yr earlier.

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Journey Power Inc. (JOY-T) reported manufacturing income of $36.7-million up from $19.7-million a yr earlier.

Web earnings of $5.5-million or 10 cents per share in comparison with $32.3-million or 75 cents a yr earlier.

Adjusted funds move got here in at $16.6-million or 31 cents per share versus $6-million or 14 cents a yr earlier.

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Atrium Mortgage Funding Corp. (AI-T) introduced a $35-million public providing of convertible unsecured subordinated debentures. The corporate stated it has an settlement with a syndicate of underwriters, bookrun by TD Securities Inc. and RBC Capital Markets, that may buy the debentures.

Atrium stated it would use the online proceeds to cut back debt beneath its revolving working credit score facility, which it stated will then be accessible to be drawn as wanted for basic company functions, notably funding future mortgage mortgage alternatives.

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