Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Waterloo Brewing Ltd. (WBR-T) reported revenue grew 15 per cent in its fourth-quarter ended Jan. 31 to $28.2-million compared to $24.5 million in the prior year. The expectation was for revenue of $30.3-million according to S&P Capital IQ.
EBITDA for the quarter was $5.4 million, an increase of 67 per cent, compared to $3.2-million in the prior year, the company stated.
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Hamilton Thorne Ltd. (HTL-X), which makes precision instruments, consumables, software and services to the assisted reproductive technologies (ART), research, and cell biology markets, reported sales were up 27 per cent in the fourth quarter to $15.6-million from $12.3-million a year earlier. The expectation was for revenue of $14.7-million.
Net income decreased 15 per cent to $836,489 while adjusted EBITDA increased 17 per cent to just under $3-million, the company stated.
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Reliq Health Technologies Inc. (RHT-X) announced that it signed new contracts with two physician practices, a home health agency and three adult medical day care facilities in Texas, Nevada and Maryland.
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Roots Corp. (ROOT-T) reported that sales rose 22 per cent in its fourth-quarter ended Jan. 29 to $121.3-million from $99.4-million a year earlier. The results beat expectations of $117.4-million, according to S&P Capital IQ.
Net income in the quarter improved to $18.1-million or 42 cents per share from net income of $12.3-million or 29 cents per share a year earlier. Adjusted net income of $20.3-million or 48 cents per share compared to $16.3-million or 39 cents a year earlier.
The expectation was for adjusted earnings of 35 cents per share.
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Voyager Digital Ltd. (VOYG-T) announced preliminary revenue for the fiscal third quarter ended March 31 of between US$100-million to US$105-million, compared to US$164.8-million for its second quarter and US$60.4-million for the third quarter a year earlier.
The expectation is for revenue of US$115.7-million in the latest quarter, according to estimates from S&P Capital IQ.
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Dye & Durham Ltd. (DND-T) announced that its chief financial officer Avjit Kamboj is stepping down from his role, effective May 15. The company said he has decided to return to his consulting practice, KAM Consulting Services Inc. and will advise the company on a consulting basis.
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North American Construction Group Ltd. (NOA-T) announced that it plans to buy back about 2.1 million common shares, or about 10 per cent of the public float as part of a normal course issuer bid.
In a release, the company said it believes the current market price of its common shares “does not fully reflect their underlying value and that current market conditions provide opportunities for the company to acquire common shares at attractive prices.”
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