Skip to main content

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

The Second Cup Ltd. (SCU-T) announced it appointed a new CEO and reported a return to profit in the first quarter compared to a year earlier. The coffee chain said net Income in the quarter was $750,000 or 4 cents per share, compared with a loss of $138,000 or a penny per share a year ago. Same-store sales fell by 0.9 per cent. Total revenue was $6.2-million up from $5.8-million a year earlier.

The company also said Garry Macdonald will retire as CEO on May 31 and that Steve Pelton has been appointed to succeed him. Mr. Pelton was the co-founder and CEO of Landing Restaurants, which were sold to Recipe Unlimited in 2014. He remained with the organization, overseeing the Landing Restaurants and additional brands totaling more than $200-million in annual revenues," the company stated. "In joining Second Cup, Steve will participate in the equity appreciation of the company, which will result in close alignment with the interests of our shareholders," stated Second Cup chairman Michael Bregman.

Story continues below advertisement

**

Sprott Inc. (SII-T) reported total net revenues (net of commission expenses, trailer fees and sub-advisor fees, carried interest and performance fee payouts) were $19.4-million, a decrease of $7.8-million from the quarter ended March 31, 2018. Last year’s net revenues contained $4.2-million of proceeds from the sale of the company’s “non-core client assets” as well as $600,000 million of net performance fees, the company said. Analysts were expecting revenue of $23.3-million in the first quarter of 2019.

Net income was $3.8-million or 2 cents per share, a decrease of $9.9-million from last year, "which included $4.2-million of proceeds from the sale of our non-core private wealth business as well as $0.6 million of net performance fees," the company stated.

**

Freshii Inc. (FRII-T) reported first-quarter revenue of $5.2-million up from $4.8-million a year earlier. Analysts were expecting revenue of $4.9-million. The company said its same-store sales fell 0.9 per cent, compared to same-store sales growth of 1.6 per cent for the same quarter last year. Net income was $103,000 compared to $431,000 a year ago.

**

Sierra Wireless, Inc. (SWIR-Q; SW-T) reported first-quarter revenue of US$173.8-million compared to US$186.8-million in the first quarter of 2018. The company reported a loss of US$14.9-million or 31 cents per share versus a loss of US$9.1-million or 23 cents a year ago. Analysts were expecting revenue to come in at US$172.2-million and a loss of 28 cents.

Story continues below advertisement

**

Kinaxis Inc. (KXS-T) reported first-quarter revenue increased 24 per cent to US$45.8-million. Profit was US$7-million or 26 cents per share versus a profit of $4.6-million or 17 cents per share. Analysts were expecting EPS to come in at 20 cents and revenue at US$45-million.

**

Dorel Industries Inc. (DII.B-T; DII.A-T) reported first-quarter revenue was US$625.6-million compared to US$642.3-million a year ago and below expectations of US$665.1-million. Its net loss was US$8.3-million, or 26 cents per diluted share, compared to net income of US$4.7-million or 14 cents per diluted share last year. Adjusted net income was US$5.8-million or 18 cents per share compared to US$5.5-million or 17 cents per diluted share for the first quarter of 2018.

**

Aritzia Inc. (ATZ-T) beat expectations for its fourth quarter ended March 3.

Story continues below advertisement

The retailer announced after markets closed on Thursday that its revenue increased by 17.9 per cent to $259.1-million in the quarter versus $219.8-million for the same time last year. Comparable sales growth was 5.5 per cent, which the company said was “the 18th consecutive quarter of positive growth.”

Net income for the 14-week period ended March 3 increased by 17.7 per cent to $18.7-million from $15.9-million compared to the 13-week period ended February 25, 2018, the company stated. Adjusted net income increased by 11.5 per cent to $25.1-million, or 21 cents per diluted share, from $22.5-million, or 19 cents per diluted share for the quarter last year.

Analysts were expecting revenue of $258-million and adjusted earnings of 20 cents in the latest quarter.

**

Pizza Pizza Royalty Corp. (PZA-T) which owns the Pizza Pizza and Pizza 73 Rights and Marks, reported same-store sales decreased 1.5 in the first quarter ended March 31. It reported system sales from the 772 restaurants in the royalty pool decreased 1.1 per cent to $133.9-million from $135.3-million in the prior year comparable quarter, when there were 758 restaurants in the royalty pool. Earnings per share decreased 2.8 per cent to 21.1 cents for the quarter when compared to the prior year comparable quarter.

**

Story continues below advertisement

Total Energy Services Inc. (TOT-T) reported first-quarter revenue of $222-million up from $205.2-million a year earlier and below expectations of $228.2-million. Net income was $4.8-million or 10 cents per share versus net income of $3.3-million or 7 cents a year earlier. Analysts were looking for EPS to come in at 12 cents in the latest quarter.

**

Northview Apartment Real Estate Investment Trust (NVU.UN-T) reported “same-door” revenue growth of 2.9 per cent in the first quarter. Revenue was $96.2-million up from $88-million a year earlier and ahead of expectations of $97-million. The REIT’s net and comprehensive loss was $13.2-million for the first quarter compared to net and comprehensive income of $23.1-million for the same period of 2018, “due to the fair value loss on Class B LP Units of $38.8-million, which was attributable to the trust unit price increasing from $24.48 to $29.02,” the REIT stated.

**

IBI Group Inc. (IBG-T) reported net revenue totaled $93.7-million, in its first quarter, which it said was 3.2-per-cent higher than the same period in 2018, “supported by further strengthening of the U.S. operating segment which has trended positively over the past five quarters, as well as continued strong performance from the Canadian sector.”

Net income from operations increased 20.5 per cent to $4.7-million compared to $3.9-million in the comparable period in 2018 and resulted in earnings per share from operations of 13 cents compared to 10 cents in the same period in 2018, which was in line with expectations.

Story continues below advertisement

**

Stingray Group Inc. (RAY.A-T; RAY.B-T) announced that its wholly-owned subsidiary, Stingray Radio Inc., is buying two radio stations in Welland, Ont. — CIXL-FM and CKYY-FM — from Wellport Broadcasting Limited/RB Communications Ltd, subject to approval from the Canadian Radio-television and Telecommunications Commission. Financial terms of the transaction weren’t disclosed.

**

K-Bro Linen Inc. (KBL-T) reported first-quarter of $57.8-million, an increase of 4.3 per cent over the comparable period in 2018 and in line with expectations. Net earnings for the first quarter came in at $500,000 compared to $600,000 a year ago.

**

Westport Fuel Systems Inc. (WPRT-T; WPRT-Q) reported first-quarter revenues increased by $9.4 million to $73.2-million, or 15 per cent over the same period last year. Its net loss from continuing operations was $3-million or 2 cents per share versus a loss of $12.6-million or 10 cents a year earlier. Adjusted EBITDA was $7.3-million versus a loss of $3.4-million a year ago. Analysts were expecting revenues of $65.4-million and a loss of 4 cents per share.

Story continues below advertisement

**

Recipe Unlimited Corp. (RECP-T), formerly Cara Operations, reported that its system sales grew $94.8-million to $850.7-million for the 13 weeks ended March 31, 2019 compared to 2018, representing an increase of 12.5 per cent. Same-restaurant sales decreased by 1.6 per cent compared to the same 13 weeks in 2018. Total gross revenue was $304.6-million up from $244.1-million a year earlier and ahead of expectations of $280.6-million. Adjusted net earnings came in at $17.7-million compared to $20.6-million a year earlier. Diluted EPS was 35 cents, similar to last year and below expectations of 37 cents.

**

Equitable Group Inc. (EQB-T) increased its dividend and reported net income of $40.5-million or $2.42 per share versus net income of $39-million or $2.34 a year ago. Analysts were expecting EPS of $2.44 in the latest quarter. The board declared a dividend of 31 cents per common share, which it said is a 15-per-cent increase over the dividend declared in May 2018 and a 3-per-cent increase over the dividend declared in February 2019.

Related topics

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter
To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies