Ciscom Reports Consistent Q2 2025 Earnings Amid Market Challenges
Ciscom Corp (OTCQB:CISCF), an ICT sector investment company, reported challenging Q2 2025 results marked by revenue pressure and maintained EBITDA. For H1 2025, revenue declined 37.2% to $10.853M from $17.273M in H1 2024, while gross profit decreased 15.3% to $2.686M.
The company faced multiple headwinds including a Canada Post labor dispute disrupting operations, a major client's bankruptcy, workforce restructuring charges, and impacts from US tariffs. Despite these challenges, Ciscom achieved EBITDA of $0.809M, slightly up from $0.781M in H1 2024, supported by a 21.1% reduction in cash-based operating expenses. The company reported a net loss of $0.592M, affected by one-time charges of $0.657M.
Ciscom Corp (OTCQB:CISCF), una società di investimento nel settore ICT, ha riportato risultati difficili per il secondo trimestre del 2025, caratterizzati da una pressione sui ricavi e un EBITDA stabile. Nel primo semestre 2025, i ricavi sono diminuiti del 37,2% a 10,853 milioni di dollari rispetto ai 17,273 milioni di dollari del primo semestre 2024, mentre il margine lordo è calato del 15,3% a 2,686 milioni di dollari.
La società ha affrontato diversi ostacoli, tra cui una controversia sindacale con Canada Post che ha interrotto le operazioni, la bancarotta di un cliente importante, costi legati alla ristrutturazione del personale e gli effetti delle tariffe statunitensi. Nonostante queste difficoltà, Ciscom ha raggiunto un EBITDA di 0,809 milioni di dollari, leggermente superiore rispetto ai 0,781 milioni del primo semestre 2024, grazie a una riduzione del 21,1% delle spese operative in contanti. La società ha registrato una perdita netta di 0,592 milioni di dollari, influenzata da oneri una tantum per 0,657 milioni di dollari.
Ciscom Corp (OTCQB:CISCF), una empresa de inversión en el sector TIC, reportó resultados desafiantes en el segundo trimestre de 2025, caracterizados por presión en los ingresos y un EBITDA mantenido. Para el primer semestre de 2025, los ingresos disminuyeron un 37,2% a 10,853 millones de dólares desde 17,273 millones en el primer semestre de 2024, mientras que el beneficio bruto bajó un 15,3% a 2,686 millones de dólares.
La compañía enfrentó múltiples dificultades, incluyendo una disputa laboral con Canada Post que interrumpió las operaciones, la bancarrota de un cliente importante, cargos por reestructuración de personal y el impacto de aranceles estadounidenses. A pesar de estos desafíos, Ciscom logró un EBITDA de 0,809 millones de dólares, ligeramente superior a los 0,781 millones del primer semestre de 2024, apoyado por una reducción del 21,1% en gastos operativos en efectivo. La empresa reportó una pérdida neta de 0,592 millones de dólares, afectada por cargos únicos por 0,657 millones de dólares.
Ciscom Corp (OTCQB:CISCF)는 ICT 분야 투자 회사로서 2025년 2분기 도전적인 실적을 보고했으며, 매출 압박과 EBITDA 유지가 특징입니다. 2025년 상반기 매출은 2024년 상반기 1,727만 3천 달러에서 37.2% 감소한 1,085만 3천 달러를 기록했으며, 총이익은 15.3% 감소한 268만 6천 달러였습니다.
회사는 캐나다 우체국 노동 분쟁으로 인한 운영 차질, 주요 고객 파산, 인력 구조조정 비용, 미국 관세 영향 등 여러 역풍에 직면했습니다. 이러한 어려움에도 불구하고 Ciscom은 현금 기반 영업비용을 21.1% 절감하여 EBITDA 80만 9천 달러를 달성했으며, 이는 2024년 상반기 78만 1천 달러보다 소폭 증가한 수치입니다. 순손실은 일회성 비용 65만 7천 달러의 영향으로 59만 2천 달러를 기록했습니다.
Ciscom Corp (OTCQB:CISCF), une société d'investissement dans le secteur des TIC, a publié des résultats difficiles pour le deuxième trimestre 2025, marqués par une pression sur le chiffre d'affaires et un EBITDA maintenu. Pour le premier semestre 2025, le chiffre d'affaires a diminué de 37,2% à 10,853 millions de dollars contre 17,273 millions au premier semestre 2024, tandis que la marge brute a baissé de 15,3% à 2,686 millions de dollars.
L'entreprise a fait face à plusieurs vents contraires, notamment un conflit social chez Canada Post perturbant les opérations, la faillite d'un client majeur, des charges de restructuration du personnel et les impacts des tarifs américains. Malgré ces défis, Ciscom a réalisé un EBITDA de 0,809 million de dollars, en légère hausse par rapport à 0,781 million au premier semestre 2024, soutenu par une réduction de 21,1% des dépenses opérationnelles en trésorerie. La société a enregistré une perte nette de 0,592 million de dollars, affectée par des charges exceptionnelles de 0,657 million de dollars.
Ciscom Corp (OTCQB:CISCF), ein Investmentunternehmen im ICT-Sektor, meldete herausfordernde Ergebnisse für das zweite Quartal 2025 mit Umsatzdruck und stabilem EBITDA. Für das erste Halbjahr 2025 sank der Umsatz um 37,2% auf 10,853 Mio. USD gegenüber 17,273 Mio. USD im ersten Halbjahr 2024, während der Bruttogewinn um 15,3% auf 2,686 Mio. USD zurückging.
Das Unternehmen sah sich mehreren Gegenwinden gegenüber, darunter ein Arbeitskonflikt bei Canada Post, der den Betrieb störte, die Insolvenz eines wichtigen Kunden, Aufwendungen für Umstrukturierungen der Belegschaft sowie Auswirkungen von US-Zöllen. Trotz dieser Herausforderungen erzielte Ciscom ein EBITDA von 0,809 Mio. USD, leicht steigend gegenüber 0,781 Mio. USD im ersten Halbjahr 2024, unterstützt durch eine 21,1%ige Reduzierung der zahlungswirksamen Betriebskosten. Das Unternehmen meldete einen Nettoverlust von 0,592 Mio. USD, beeinflusst durch einmalige Belastungen in Höhe von 0,657 Mio. USD.
- None.
- Revenue declined 37.2% to $10.853M in H1 2025
- Net loss increased to $0.592M from $0.186M in H1 2024
- Lost significant client revenue stream due to client's bankruptcy
- Incurred one-time restructuring charges of $0.657M
- Gross profit decreased 15.3% to $2.686M
Toronto, Ontario--(Newsfile Corp. - August 1, 2025) - CISCOM Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company"), which actively invests in, acquires, and manages companies within the Information and Communication Technology ("ICT") sector with a specialty in AdTech and MarTech, s pleased to announce that it has filed its interim unaudited consolidated financial statements and management's discussion and analysis ("MD&A") for the six months ended June 30, 2025. The financial statements show that Ciscom's revenues came under pressure during the period and maintained its cash-basis operating results (EBITDA) before non-recurring and impairment charges when compared to the prior year. The financial statements and the related MD&A are available on www.sedarplus.ca.
Several events have impacted the first half of 2025. The Canada Post Corporation ("CPC") labor dispute that began in the fall of 2024 disrupted business and sales overall as direct mail could not be distributed and clients cancelled campaigns. The disruption persisted through the first and second quarters of 2025 where clients limited, and in some cases, stopped their activities due to the CPC labor dispute. A significant client of a Ciscom subsidiary sought bankruptcy protection under the Companies' Creditors Arrangement Act (CCAA). As a result, the Company lost this revenue stream in 2025 and had to take an account receivable impairment charge in 2025 for work performed in January 2025. During the six-month period there were also one-time restructuring charges linked to downsizing the workforce. Lastly, the Company felt the effects of the unprecedented US tariffs and their constant amendment leading to an uncertain economic climate, a volatile stock market and a general reduction in consumer spending and confidence.
For the six months ended June 30, 2025, the Company achieved sales of
For the six months ended June 30, 2025, the Company reduced its cash-based operating expenses from
Ciscom achieved a cash-based operating profit (EBITDA) from continuing operations of
For the six-month period ended June 30, 2025, the Company reported a net loss of
The Company continues to carry significant non-cash expenses totaling
"Following a strong growth year in 2024 that was dampened by the CPC labor dispute and a client's CCAA filing, we entered 2025 fully aware of the challenges ahead," reported Michel Pepin, President, CEO and Director of Ciscom Corp. "Like other companies, we could not have predicted the impact related to the US tariffs, their constant amendments and the uncertain economic environment it would create. We acted swiftly to restructure our cost base and took one-time charges which impacted earnings. This said, the team led by Dave Mathews and Sheri Rogers is active signing new clients and our revenue line is shoring up."
Board Resignation:
The Company is also announcing that Stephen Lautens has resigned from the Board of Directors in order to focus on his growing consular/diplomatic responsibilities for Austria. The Company is thankful for Mr. Lautens' key contributions and wishes him the best of successes.
Non-IFRS Measures
This news release contains non-IFRS financial measures, in particular, EBITDA, calculated as total operating income (loss), excluding depreciation and amortization, stock-based compensation, other non-cash expenses. The closest comparable IFRS measure is total operating income (loss). Such measures are standard practices for emerging companies with significant non-cash items as part of management disclosures.
The Company believes that this measure provides investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes this financial measure is important in evaluating the Company's performance, it is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS.
For a full comparison of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled "Non-IFRS Financial Measures" in the Company's MD&A for the period ended June 30, 2025.
About Ciscom Corp.
Ciscom actively invests in, acquires, and manages market leading companies within the Information and Communication Technology (ICT) sector, with a specialty in AdTech and MarTech, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became an issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group. For more information, visit http://www.ciscomcorp.com
CONTACT INFORMATION
Michel Pepin
President & CEO, Director
mpepin@ciscomcorp.com
@CiscomCorp
Cautionary Statement
This news release contains certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding the anticipated audited financial results, anticipated signing of additional clients, potential future acquisitions and financings, future business and operational focuses of Ciscom, future expectations of growth and profits, future grants of equity incentive awards, future payments of dividends, the future plans for the Company, and other forward-looking information. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities and raise additional capital as required or expedient; the ability to identify target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those business; the ability to convert the potential in the pursued business opportunities to tangible benefits to the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market volatility and capital market valuation; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintaining a listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; audit risk; litigation risk and risk of future legal proceedings; jurisdictional and regulatory risk; lack of operating cash flow; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at www.sedarplus.ca. The foregoing list of factors is not exhaustive. Ciscom's assumptions in making any forward-looking statements herein include that no significant events will occur outside of Ciscom's normal course of business and that the material factors referred to in this paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. Although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. The forward-looking information contained in this press release represents the expectations of Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260954
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