Trican Well Service employees walk towards liquid nitrogen storage tanks at a hydraulic fracturing operation near Bowden, Alta., in this file photo.
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Home Capital Group (HCG-T) reported first quarter net income of $64.2 million, down from $72.3 million a year earlier.
Adjusted net income in the quarter was $67.5 million, compared to $72.3 million in the first three months of 2015.
It said total mortgage originations were down 17.3 per cent in the first quarter compared to the fourth quarter, "reflecting expected seasonality trends."
Total adjusted revenue was $241.2 million, down from $249.2 million a year earlier.
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Crombie Real Estate Investment Trust (CRR.UN-T) reported funds from operations increased 6.1 per cent in the first quarter to $38 million or 29 cents per unit.
Adjusted funds from operations rose 7.1 per cent to $32 million or 24 cents per unit.
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DIRTT Environmental Solutions Ltd. (DRT-T) reported first quarter revenue of $55.9 million, down from $56.7 million a year earlier.
Net income was $368,000 or nil per share, compared to net income of $4.7 million or 6 cents a year earlier.
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Kinaxis Inc. (KXS-T) said first quarter revenue rose 37 per cent to $27 million (U.S.) in the first quarter. That beat analysts' expectations of $24 million.
Subscription revenue was $18.5 million, up 20 per cent. Gross profit was $18.9 million, or 70 per cent of total revenue, up 36 per cent year-over-year.
Adjusted earnings before interest, taxes, depreciation and amortization was $8 million, or 30 per cent of total revenue, up 44 per cent.
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Golden Star Resources Ltd. (GSS-N, GSC-T) reported first quarter net earnings of $2.1 million or a penny per share compared to a loss of $13.1 million or five cents a share a year earlier.
Gold revenues were $61.1 million, which beat expectations of $60.7 million, but was down from $76.5 million due to a slightly lower gold price and fewer ounces produced year-over-year.
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BlackPearl Resources Inc. (PXX-T) reported revenues of $13 million in the first quarter, down 41 per cent from a year earlier.
"The decrease in revenues is attributable to a 47 per cent decrease in our average sales price partially offset by an 11 per cent increase in production volumes," the company said.
Funds flow from operations was $3.3 million, down from $12.9 million a year earlier.
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Essential Energy Services Ltd. (ESN-T) said revenue fell by more than half in the first quarter compared to last year, and it cut its dividend.
"With further deterioration in industry fundamentals and the weak industry outlook, Essential's board of directors has suspended the corporation's dividend until further notice," the company said.
Revenue was $30.9 million in the first quarter, below expectations of $34.9 million and down from $70.4 million a year earlier.
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Trican Well Service Ltd. (TCW-T) said first quarter revenue fell to $111.8 million in the fourth quarter, compared to $236.5 million a year earlier.
Analysts were looking for revenue of $176.8 million, according to Thomson Reuters.
Its net loss was $45.1 million, compared to a loss of $23.1 million a year earlier.
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Cipher Pharmaceuticals Inc. (CPHR-Q, CPH-T) said first-quarter revenue increased 23 per cent to $9.1-million from $7.4-million.
Its net loss was $2.7-million or 10 cents per share compared to net income of $2.5-million or 10 cents per share a year ago.
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Cascades Inc. (CAS-T) said first quarter sales rose 10 per cent to $1-billion, which beat expectations of $973.5-million.
Adjusted net earnings amounted to $34-million or 35 cents per share compared to $17 million or 18 cents per share a year earlier.
"Including specific items, net earnings amounted to $75-million ($0.79 per share) in the first quarter of 2016 compared to a net loss of $35-million($0.37 per share) in the same period in 2015," the company said.
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Bankers Petroleum Ltd. (BNK-T) reported first quarter revenue of $33-million, which was below expectations of $42.1-million and compared to $72-million in the first quarter of 2015.
Funds generated from operations were $1 million or a penny per share for the first quarter of 2016 compared to $25-million or 10 cents per share for the first quarter of 2015.
Its net loss was $11.9-million or 5 cents per share, compared to net profit of $879,000 or nil per share a year ago.
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Ag Growth International Inc. (TSX:AFN) reported sales of $113.7-million in the first quarter of 2016, up from $86.6-million a year earlier.
Its net profit was $5.7-million or 38 cents per share, compared to a loss of $3.4-million or 26 cents a year earlier.
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Cott Corporation (COT-N, BCB-T) said revenues were down 2 per cent to $698 million (U.S.) in the first quarter. That slightly beat analysts' expectations of $687.8-million, according to Thomson Reuters.
Cott reported a loss of $1.9-million compared to a loss of $1.2-million a year earlier.
Its adjusted net loss was $2.5-million or 2 cents per share, compared to an adjusted net loss of $7.7-million or 8 cents a year earlier.
The company reaffirmed its full year 2016 adjusted free cash flow outlook of $135 to $145-million.