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Calian Group Ltd - CLNFF STOCK NEWS

Welcome to our dedicated news page for Calian Group (Ticker: CLNFF), a resource for investors and traders seeking the latest updates and insights on Calian Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Calian Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Calian Group's position in the market.

Rhea-AI Summary
Calian Group Ltd. (TSX:CGY) has been awarded a contract from MDA Inc. to support the development of Canadarm3, a next-generation space robotic system being developed by MDA for the Canadian Space Agency. Calian will develop and deliver the Electronic Ground Support Equipment (EGSE) for Canadarm3. The EGSE program will be completed in three phases, with final delivery scheduled for the middle of 2025.
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Calian Group Ltd. announces normal course issuer bid (NCIB) and automatic share purchase plan (ASPP)
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Calian Group Ltd. plans to launch a normal course issuer bid (NCIB) to purchase up to 10% of its public float of common shares. The company believes that the market price of the shares significantly undervalues its future growth prospects. The NCIB is expected to commence after approval from the Toronto Stock Exchange and will continue for up to one year. The actual number of shares purchased and timing will be determined by management.
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Calian Group Ltd. (TSX:CGY) released its Q3 2023 results, reporting an 11% increase in revenue to $167 million. Gross margin remained above 30% for the fifth consecutive quarter. Adjusted EBITDA was $15 million, down 10% compared to Q3 last year. The company completed the acquisition of Hawaii Pacific Teleport and closed a $250 million debt agreement. Calian also implemented a restructuring plan for annualized savings of $8 million.
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Calian Group Ltd

OTC:CLNFF

CLNFF Rankings

CLNFF Stock Data

536.24M
11.73M
0.62%
46.45%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
Canada
Kanata