DATA Communications Management Reports Q3 Revenue Growth and Improved Gross Margins
DATA Communications Management (DCM:CA) reported its third-quarter financial results, highlighted by an 8.2% year-over-year increase in revenue to C$114.0 million. Despite the top-line growth, the company saw a decline in diluted earnings per share (EPS), falling to -C$0.05 compared to C$0.02 in the prior year period. The company demonstrated significant operational improvements in profitability metrics. Gross profit rose 22.7% year-over-year to C$30.2 million, driving gross margins up to 26.5% from 23.4%. Additionally, adjusted EBITDA saw a robust increase of 29% compared to the previous year.
Topics: earnings report EBITDA gross margin expansion revenue growth
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