The main entrance of an Indigo book store at Westhills Shopping Centre in Calgary, Alberta on Friday April 20, 2012.Chris Bolin/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.
Sleep Country Canada Holdings Inc. (ZZZ-T) reported third-quarter revenue of $177.1-million up 10 per cent from $160.8-million a year earlier. Same store sales growth was 7.3 per cent year-over-year.
Net income was $22.8-million or 61 cents per share compared to $21.4-million or 57 cents per share a year ago.
Analysts were expecting revenue of $179.5-million and earnings of 66 cents in the most recent quarter.
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CRH Medical Corp. (CRH-T) reported third-quarter revenues of $23.3-million (U.S.) compared to $22.1-million for the same period a year earlier.Net income was $3.4-million versus $5-million a year earlier.
Analysts were expecting revenue of $22.7-million and net income of $2.7-million.
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Indigo Books & Music Inc. (IDG-T) reported second-quarter revenue of $224.5-million compared to $217-million a year earlier. Analysts were expecting revenue of $225.8-milion
Its net loss for the second quarter was $4.7-million or 18 cents per share compared to a net loss of $1.2-million or 4 cents for the same quarter last year.
"This is reflective of certain changes in accounting estimates, as well as the company's investment in digital, new store development, marketing and supply chain to fuel future growth," the company stated in a release.
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Kinaxis Inc. (KXS-T) reported third-quarter revenue of $33.5-million up 12 per cent compared to the same quarter a year before.
Profit was $6-million or 23 cents per share compared to a profit of $2.4-million or 9 cents per share a year earlier.
"The change was primarily driven by an increase in subscription revenue, which was partially offset by the investment in professional services, data center capacity, research and development and an increase in share-based payments," the company said.
Analysts were expecting revenue of $33-million and earnings of 24 cents.
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Sandstorm Gold Ltd. (SAND-N; SSL-T) reported revenue of $17.9-million (U.S.) in the third quarter versus $16.8-million for the same quarter a year earlier.
Net income was $4.8-million versus $6.9-million a year earlier.
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People Corp. (PEO-X) is buying the assets and business operations of Assurances Dalbec Ltée (ADL), a provider of employee benefit plans for small and medium-sized companies in Quebec. It is paying $16.1-million, subject to post-closing adjustments
The deal "significantly enhances the company's market position and service offering in the Quebec market by adding a business that complements the company's existing operations in Quebec," the company said in a release.
Of the total purchase price, $11.3-million will be paid on closing, with the balance to be paid by way of deferred payments following the first, second and third anniversaries of the closing, the company said.
In connection with the transaction, the company is raising $22-million in a bought-deal financing.
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NeuLion, Inc. (NLN-T) reported revenue of $22-million (U.S.) in the third quarter, an 8-per-cent decline from the same period a year ago.
Its net loss was $5.1-million or 2 cents per share compared to a net loss of $2.7-million or a penny per share in the prior year period.
Analysts were expecting a loss of a penny per share and revenue of $25.3-million.
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Morneau Shepell (MSI-T) says it has acquired Pro Health Group, a wellness program provider based in Quebec City.
"This acquisition represents approximately one per cent of Morneau Shepell's revenue and is not expected to have a material impact on the company's financial performance," the company said.
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Morguard REIT (MRT.UN-T) reported net operating income of $37.4-million in the third quarter, versus $38.2-million for the same period a year earlier.
Fully diluted funds from operations for the three months ended Sept. 30 was $25.3-million or 36 cents per unit versus $26-million or 39 cents per unit for the same period a year earlier.
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Ballard Power Systems (BLDP-Q; BLDP-T) reported third-quarter revenue of $31.9-million (U.S.), up 54 per cent from $20.6-million for the same quarter a year ago, "reflecting growth in both power products and technology solutions," the company said.
It reported a net loss of $1-million or a penny per share versus a loss of $4.2-million or 3 cents a year ago.
Analysts were expecting revenue of $28.3-million and a loss of a penny per share.
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Horizon North Logistics Inc. (HNL-T) reported third-quarter revenue of $79.3-million up from $60.1-million a year earlier.
Its loss for the quarter was $6.1-million or 4 cents per share versus a loss of $4.7-million or 4 cents a year earlier.
Analysts were expecting revenue of $66.6-million and a loss of 2 cents.
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Resolute Forest Products (RFP-T;RFP-N) reported net income for the third quarter of $24-million (U.S.) or 26 cents per share, compared to net income of $14-million or 15 cents per share in the same period in 2016.
Sales were $885-million in the quarter, mostly unchanged from the third quarter of 2016.
Excluding special items, the company reported net income of $31-million or 34 cents per share, above expectations of 18 cents and compared to $15-million or 17 cents per share in the third quarter of 2016.
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Energy Fuels Inc. (UUUU-N;EFR-T) says it's selling "certain non-core uranium properties" in Wyoming to Uranium Energy Corp. (UEC-A) for $5.39-million (U.S.).
It said the deal including $2.94-million of cash and $2.45-million of shares in UEC that will be priced upon the closing of the transaction.
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Dorel Industries Inc. (DII.B-T;DII.A-T) reported third-quarter revenue of $642.6-million (U.S.), down 4.3 per cent from $671.3-million a year earlier. Analysts were expecting revenue of $671.2-million.
Net income was $13.3-million or 41 cents per share, compared to $15.9-million or 49 cents per share last year.
Adjusted net income was $14.5-million or 44 cents per share, compared to $20.6-million or 63 cents per diluted share a year ago.
"We are expecting a very good fourth quarter with all segments delivering improved adjusted operating profit versus last year. Dorel Home's momentum is expected to continue with both higher sales and earnings expected, driven by online sales," stated Dorel CEO Martin Schwartz regarding the company's outlook.
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Excellon Resources Inc. (EXN-T) reported revenue of $7.1-million in the third quarter up 77 per cent from $4-million a year ago.
Its net loss was $6-million or 8 cents versus a loss of $7-million or 10 cents a year ago.
Its adjusted net loss of $400,000 or nil per share compared to an adjusted loss of $1-million or a penny per share a year ago.
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Trican Well Service Ltd. (TCW-T) reported revenue from continuing operations of $362.8-million for the third quarter, an increase of 365 per cent compared to $78-million in the same quarter a year earlier.
Net income was $46.9-million or 13 cents per share compared to a net loss of $14.7-million net loss or 8 cents per share a year earlier.
Analysts were expecting earnings of 8 cents and revenue of $306.8-million.
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Altus Group Ltd (AIF-T) says it has doubled its business rates practice in the U.K. through the acquisition of CVS (Commercial Valuers & Surveyors) Ltd. for £36.3 million (approximately $61.8-million Canadian).
CVS is a privately-owned property tax service provider that specializes in business rates advisory services.
"The acquisition of CVS clearly underlines our ambition to grow our business in the U.K., a market which we believe is extremely important and strategic to our growth," said Robert Courteau, CEO of Altus Group, in a release. "It positions us well to capitalize on the growth opportunity presented by the rates revaluation that took place earlier this year and the new five-year revaluation cycle that commenced with it."
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Hudson's Bay (HBC-T) issued a statement on Thursday responding to what it calls "inaccurate public statements made by Land & Buildings" in a press release on Wednesday about the company's previously announced strategic transactions involving the sale of the Lord & Taylor Fifth Avenue building and the sale of a minority equity stake to Rhone Capital LLC.
"Land & Buildings has made allegations regarding the Rhone investment that are incorrect on their face," the company stated. "The company has not sold a controlling interest to Rhone. Initially, the company expects that Rhone will hold a 21.8 per cent voting and equity interest in the company on a partially diluted basis (and an approximately 30 per cent voting and equity interest if the preferred shares are held to their eight-year maturity). The other terms of Rhone's equity investment are customary for transactions of this nature, and were, contrary to Land & Buildings' assertion, negotiated at arm's length."
Added HBC: "We urge Land & Buildings to stop misleading our shareholders."
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The Hydropothecary Corp. (THCS-X) reported revenue of $861,745 in the fourth quarter ended July 31, versus $1.1-million for the same quarter a year ago, due to a two-week halt in sales in the quarter.
It said realized revenue per gram was $9, up from $8.62 in the prior quarter "as clients increased their purchases of higher priced products."
Net income was $934,541 or a penny per share versus a loss of $1.4-million or 4 cents in the same quarter a year ago.
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Andrew Peller Ltd. (ADW.A-T;ADW.B-T) reported second-quarter sales of $91.9-million up from $88.4-million for the same quarter a year earlier.
Net earnings were $9.2-million or 19 cents per shares as compared to $7.6-million or 16 cents a year ago.
"Our growth and strong operating performance continued in the second quarter of fiscal 2018," said CEO John Peller. "With the acquisition of three estate wineries in British Columbia's Okanagan Valley in October, we have significantly strengthened our high margin VQA portfolio and enhanced our long-term growth prospects."
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Endeavour Silver Corp. (EXK-N;EDR-T) reported net earnings of $1-million or a penny per share in the third quarter compared to net earnings of $5.6-million or 4 cents per share a year earlier.
Revenue decreased 5 per cent to $39.8-million
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Freshii Inc. (FRII-T) reported same-store sales growth for the 13 week period ended Sept. 24 of 5.1 per cent.
The company said it raised same-store sales growth outlook to "approximately 5 per cent" for fiscal 2017, up from the previously disclosed range of between 3 and 4 per cent
"The third quarter was a challenging one for our company, as evidenced by the revision to our outlook issued on Sept. 25," stated chairman Matthew Corrin in a release. "Today, we are reiterating that revised guidance with the exception of the same-store sales outlook for 2017, which we are raising to approximately 5 per cent for fiscal 2017, reflecting our strong year-to-date same-store sales and fourth-quarter-to-date trends."
Total revenue was $4.5-million (U.S.) in the quarter, slightly below expectations of $4.7-million and up from $4.2-million a year ago.
Its net loss was $988,000 versus a profit of $601,000 a year ago.
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Baytex Energy Corp. (BTE-T;BET-N) reported third-quarter revenue of $254.4-million up from $197.6-million a year ago and above expectations of $223.1-million.
Funds from operations came in at $77.3-million or 33 cents per share versus $72.1-million or 34 cents a year ago.
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Pulse Seismic Inc. (PSD-T) reported revenue in the third quarter of $32.4-million compared to $5.6-million for the same quarter a year earlier. Analysts were expecting revenue of $33-million.
Net earnings were $18.7-million or 34 cents per share for the third quarter of 2017 compared to a net loss of $302,000 or a penny per share for the comparable period of 2016.
The board also declared a special dividend of 20 cents per share.
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goeasy Ltd. (GSY-T) reported third-quarter revenue of $103.7-million, an increase of 18 per cent from $87.8-million in the third quarter of 2016. Total same-store sales growth in the quarter was 21 per cent, the company said.
"The growth was driven by the expansion of easyfinancial and the related growth of its consumer loans receivable portfolio which reached $473.1-million by quarter's end, up 37.6 per cent from Sept. 30, 2016."
Net income was $11.6-million or 81 cents per share versus $4.9-million or 36 cents last year.
Analysts were expecting revenue of $102.9-million and earnings of 75 cents.
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