Welcome to our dedicated page for Ciscom news (Ticker: CISCF), a resource for investors and traders seeking the latest updates and insights on Ciscom stock.
CISCOM Corp. reports company news across its ICT acquisition and operating model, with recurring updates on AdTech, MarTech, data analytics, and omni-channel media services. Recent developments describe Prospect Media Group’s products, including MIXOGRAPHY for Media Mix Modelling and Engage+ for programmatic digital flyer campaigns.
Company updates also cover annual and interim financial results, operating cash flow, revenue trends, technology-enabled client offerings, leadership changes, shareholder meeting logistics, and early warning ownership reports involving CISCOM shares.
Ciscom Corp. (CSE: CISC; OTCQB: CISCF), a company specializing in investments, acquisitions, and management within the Information and Communication Technology sector, has scheduled its Annual and Special Meeting of Shareholders for August 20, 2024.
Only shareholders of record as of July 2, 2024, will be eligible to vote at the meeting. Meeting materials will be accessible on the company's website and its SEDAR+ profile.
Further announcements will be made in due time. For more information, shareholders are encouraged to contact the company directly.
On May 23, 2024, Ciscom Corp. (CSE: CISC, OTCQB: CISCF) provided updates on its shareholdings and business developments. Concerns were raised about DLT Resolution Inc.'s alleged share ownership, which was deemed unqualified and unlawful. Despite DLT's May 3, 2024 announcement to unwind share exchanges, Ciscom reported that DLT still held shares. Ciscom continues to focus on its core business in the ICT sector, reporting strong Q1 2024 results. New board members, Stephen Lautens and Angel Valov, were added to bolster business growth and governance.
Ciscom Corp. (CSE: CISC, OTCQB: CISCF) has appointed Angel V. Valov and Stephen Lautens to its board of directors. Valov, with over 15 years’ experience in risk management and institutional money management, and Lautens, a seasoned executive in communications, business development, and investor relations, bring valuable expertise to the board. Lautens was involved in the successful sale of Inter-Citic Minerals for $260 million. Valov has worked with major financial institutions like Polar Asset Management and Scotiabank. Ciscom aims to leverage their experience to grow its portfolio in the Information and Communication Technology sector. Julia Robinson has resigned from her role as a non-executive director due to personal and professional priorities.
Ciscom Corp. reported steady financial growth in the first quarter of 2024, with revenues increasing to $7.4 million, up 1.6% year-over-year. Gross profit also rose to $1.4 million, a 7.4% increase, with improved margins of 19.2%. The company achieved a cash-adjusted operating profit (EBITDA) of $0.253 million, showcasing a significant improvement from the previous year. Despite a net loss of $0.259 million, Ciscom generated positive cash flows of $0.675 million. The company remains in good standing with banking partners and is focused on further growth through strategic acquisitions and client-centric services.
DLT Resolution Inc., a publicly traded acquisition company, provided an update on its share exchange transactions with Ciscom Corp., aiming to consolidate ownership but later unwinding due to regulatory issues. DLT issued shares to Concerned Shareholders and entered new agreements with Subject Shareholders. The company focuses on growth initiatives and aligning with disenfranchised shareholders. DLT's ownership position in Ciscom changed from 42.05% to 0%. The closing price per Ciscom common share was $0.09.
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