A Cargojet plane.The Globe and Mail
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
New Look Vision Group Inc. (BCI-T) reported revenues of $49-million for the third quarter ended Sept. 24, an 18.3-per-cent increase over the same period last year.
The increase was due to the addition of 20 stores in the last 12 months as well as same-store sales growth of 9.1-per-cent, the company said.
Net earnings were $2.1-million or 15 cents per share compared to a loss of $600,000 or 5 cents a year ago.
It said the increase is due to "lower financial expenses and lower income tax expense, in addition to the strong sales and operating performance."
Analysts were expecting revenue of $34-million and earnings of 13 cents per share.
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Labrador Iron Ore Royalty Corp. (LIF-T) reported third-quarter revenue of $28.4-million compared to $32-million a year ago.
Net income was $21.2-million or 33 cents per share compared to $19-million or 30 cents per share for the same period in 2015.
Analysts were expecting revenue of $21.4-million and earnings of 19 cents per share.
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Caribbean Utilities Co. (CUP.U-T) reported third-quarter net earnings of $7.4-million (U.S.) compared to net earnings of $7.9-million for the three months ended Sept. 30, 2015.
"This decrease was due mainly to higher depreciation and finance charges," the company said.
Sales for the third quarter totaled 165.4-million kilowatt-hours (kWh) in comparison to 160.4 million kWh for the same quarter last year, "driven primarily by higher overall customer numbers."
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Dream Industrial REIT (DIR.UN-T) said investment properties revenue was $43.2-million in the third quarter, compared to $43.7-million a year ago.
Funds from operations came in at $18.2-million or 23 cents per share, compared to $18.7-million or 20 cents a year ago.
Net operating income was $29.4-million compared to $29.9-million a year ago.
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Cargojet Inc. (CJT-T) reported third-quarter revenue of $80.7-million, an increase of $5.4-million or 7.2 per cent versus the same time last year.
Analysts were expecting revenue of about $60-million in the most recent quarter.
Adjusted EBITDA was $25.3-million, an increase of $13.8-million or 120 per cent versus the previous year.
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Pattern Energy Group Inc. (PEGI-Q; PEG-T) reported a net loss of $11.1-million in the third quarter of 2016, compared to $35.3-million for the same period last year.
Net cash provided by operating activities was $36.4-million compared to $34.7-million for the same period last year.
Adjusted EBITDA was $62.3-million compared to $58.7-million for the same period last year.
The company said it is narrowing its targeted annual cash available for distribution for 2016 to a range of $130-million to $140-million, representing an increase of 46 per cent at the midpoint of the range, compared to cash available for distribution in 2015.
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TSO3 Inc. (TOS-T) reported third-quarter revenue of $3.5-million an increase of 284 per cent over $900,000 a year ago.
Its net loss was $1.5-million, or 2 cents per share, compared to $1.3-million, or 2 cents per share, a year ago.
Analysts were expecting a loss of a penny per share.
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Cardiome Pharma Corp. (CRME-Q; COM-T) reported revenue of $5.2-million in the third quarter, compared to revenue of $5-million for the same period a year ago.
Its net loss was $5.4-million or 19 cents per share compared to a net loss of $5.8-million or 31 cents a year ago.
Analysts were expecting a loss of 21 cents and revenues of $5.6-million.
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Concordia International Corp. (CXRX-Q; CXR-T) said third-quarter revenue fell 20 per cent to $185.5-million (U.S.).
Analysts were expecting revenue of $206-million.
Its loss from continuing operations was $75.1-million or $1.47 per share compared to a profit of $1.5-million or 4 cents a share.
Adjusted earnings per share came in at 69 cents compared to $1.37 a year ago.
Analysts were expecting a profit of $1.04 per share, according to Thomson Reuters.
The company also said it will suspend its financial guidance amid recent leadership changes that will take effect this week.
"Concordia's management team is committed to expeditiously evaluating all aspects of its business to ensure appropriate actions are taken to rebuild value for all stakeholders," the company said in a release.
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InterRent Real Estate Investment Trust (IIP.UN-T) has increased its monthly distribution and reported third-quarter gross rental revenue of $24.7-million, up 13.4 per cent, compared to a year ago.
Operating revenue for the quarter increased 11.7 per cent to $2.5-million.
Net operating income for the quarter was $14.7-million, or 61 per cent of operating revenue, compared to $13.3-million, or 61.6 per cent of operating revenue a year ago.
Its monthly distribution has been increased by 5.2 per cent to 24.3 cents per unit starting in December.
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Nobilis Health Corp. (HLTH-N; NHC-T) said third-quarter revenue increased 34.7-per-cent year-over-year to $70.7-million.
Its net loss was $2.8-million or 4 cents per share, compared $10.9-million or 14 cents a year ago.
Analysts were expecting revenue of $63.1-million.
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Centerra Gold Inc. (CG-T) reported net earnings of $66.9-million or 28 cents per share in the third quarter compared to a net loss of $18.1-million or 8 cents a year ago.
The company said the increase is due in part to a 19-per-cent increase in the gold price year-over-year and an inventory impairment reversal of $15.4-million or 6 cents per share, while the comparative period in 2015 included a non-cash goodwill impairment charge of $18.7-million or 8 cents per share.
Revenue was $220.2-million up from $116.2-million a year ago.
Analysts were expecting earnings of 15 cents per share in the most recent quarter and revenue of $210.9-million.
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The Intertain Group Ltd. (IT-T) reported preliminary third quarter results including gaming revenue of approximately $113.5-million, an increase of 10 per cent from the prior year period.
Operating cash flow is between $30-million and $32-million, including a one-time severance payment of $10.5-million to Intertain's former CEO.
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Temple Hotels Inc. (TPH-T) says it will file a rights offering notice to raise up to $50-million.
The offering is for shareholders of record as at 5 p.m. on Nov. 15.
"Temple intends to use the net proceeds of the Rights Offering to repay the Series C convertible redeemable unsecured subordinated debentures of Temple as well as certain other debt and for general corporate purposes and working capital," the company said.
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Dominion Diamond Corp. (DDC-T) is moving its head office to Calgary from Yellowknife to save about $19-million annually, the company said on Monday.
The diamond producer, operator of the Ekati mine in the Northwest Territories, said the move will affect about 100 employees.
"Although this was not an easy decision, it is necessary to support the long-term strength and viability of our operations," stated CEO Brendan Bell.
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