Calian Group Stock Price, News & Analysis

Calian Group Ltd. has entered a definitive agreement to acquire Hawaii Pacific Teleport (HPT) for up to CAD$62M (US$46M). The upfront amount is CAD$47M (US$35M), with earnouts up to CAD$15M (US$11M) based on EBITDA performance over 24 months. HPT, a leader in Asia Pacific satellite communications, is expected to contribute approximately CAD$18M in revenue. This acquisition is anticipated to enhance Calian's Advanced Technologies division, leading to higher margins and improved service offerings. The deal is subject to regulatory approvals and is expected to close by Q3 2023.

Calian Group Ltd. held its Annual Meeting on February 15, 2023, in Toronto, Ontario, where shareholders voted on the election of directors. Key results include George Weber receiving 94.07% of votes for re-election, while Ray Basler garnered 85.19%. The other nominees, including Kevin Ford and Lori O'Neill, received high support, with Ford receiving 97.84% and O'Neill 98.78%. The voting results are detailed in the report filed at www.SEDAR.com.

Calian is a respected firm focusing on communication, healthcare, and cybersecurity solutions.

Calian Group Ltd. (TSX:CGY) reported a strong first quarter for FY2023, with revenues increasing by 14% to $148 million. Gross margin remained robust above 30% for the third quarter in a row. Adjusted EBITDA rose 2% to $14 million, while operating free cash flow surged 24% to $12 million. The company secured $126 million in new contracts, maintaining a solid backlog of $1.3 billion. Despite declines in Advanced Technologies and Health segments, Calian's liquidity remains strong with $58 million in cash. The company reaffirmed its FY2023 guidance, projecting revenues between $630 million and $680 million.

Calian Group Ltd. (TSX: CGY) announced the appointment of Darrell Wellington to the senior leadership team of Tallysman, a Calian company, on February 10, 2023. Wellington, an experienced technology leader with over 20 years in the field, will guide Tallysman, a manufacturer of high-precision Global Navigation Satellite Systems (GNSS). Under his leadership, Tallysman aims to capitalize on increasing global demand for GNSS applications across various sectors, including agriculture and robotics. He succeeds founder Gyles Panther, who expressed confidence in Wellington's ability to drive future growth.

Calian Group Ltd. (TSX:CGY) announced the appointment of Derek Clark as President, Health, effective early February 2023. He succeeds Gordon McDonald, who is retiring on March 30, 2023, after a distinguished career. Clark is a seasoned health executive with extensive experience at GE Healthcare and as Chief Operating Officer at Neurolign Technologies. His leadership is expected to enhance the commercialization journey and change management at Calian. CEO Kevin Ford expressed enthusiasm for Clark's strong leadership and expertise, which will support Calian Health's growth strategy.

Calian Group Ltd. (TSX:CGY) will hold a conference call on February 15, 2023, at 8:00 a.m. ET to discuss its Q1 FY2023 results, which will be released on February 14, 2023, post-market. Interested parties can join via the Calian website or directly through the provided link. The call will be available for playback for 14 days, with a dedicated phone line for access. Calian, headquartered in Ottawa, provides diverse solutions across healthcare, communications, learning, and cybersecurity, emphasizing innovation and commitment. For detailed inquiries, media and investors can reach out through specified emails.

Calian Group Ltd. (TSX:CGY) has secured a $12M contract from Natural Resources Canada to provide three high-performance antennas for their Canada Centre for Mapping and Earth Observation. The contract includes two 7.3-meter tri-band antennas for Inuvik and a dual band antenna for Gatineau. These ground stations are designed to communicate with low earth orbit satellites for various applications, including Earth observation and disaster management. The project will utilize local resources and is set for completion in 2024.

Calian Group Ltd. (TSX:CGY) announces a conference call scheduled for November 25, 2022, at 8:30 a.m. Eastern Time to discuss its quarterly and annual results for the period ending September 30, 2022. Results will be released on November 24 after market close. Interested participants can access the call through the Calian website or a direct link provided. The call will be available for playback for 14 days. The company, celebrating 40 years in business, offers solutions across healthcare, communications, learning, and cybersecurity.