Cyber security firm SSC Q3 revenue rises
Overview
SSC Security Services Corp Q3 revenue grows 1.7% yr/yr to C$30.2 mln
Adjusted EBITDA for Q3 rises 14% to C$1.4 mln
Co repurchased 140,900 shares, maintaining a debt-free balance sheet with strong liquidity
Outlook
Company expects legacy assets to convert to cash within a year
SSC plans to expand through acquisitions while maintaining financial conservatism
Company aims to continue capital distribution via dividends
SSC sees continued growth in demand for integrated security services
Result Drivers
MARGIN IMPROVEMENT - Gross margin increased to 17.5% from 15.9% due to expense management and operational efficiencies
ORGANIC GROWTH - Revenue rose 1.7% year-over-year, driven by internally generated organic growth
SHARE BUYBACKS - Company repurchased 140,900 shares, emphasizing shareholder value enhancement
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| C$30.20 mln |
|
Q3 Adjusted EPS |
| C$0.04 |
|
Q3 Adjusted Net Income |
| C$800,000 |
|
Q3 Adjusted EBITDA |
| C$1.40 mln |
|
Press Release: ID:nCNWMTp2Qa
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