Welcome to our dedicated page for Data Communicati news (Ticker: DCMDF), a resource for investors and traders seeking the latest updates and insights on Data Communicati stock.
Data Communicati (OTC: DCMDF) provides essential updates through this dedicated news hub for investors and industry professionals. Track official announcements covering strategic developments in data communications and network management solutions.
This resource consolidates all material disclosures including financial results, technology partnerships, and operational milestones. Users gain immediate access to press releases detailing infrastructure projects, service expansions, and management updates relevant to telecom providers and enterprise clients.
Key focus areas mirror the company's core operations: network optimization initiatives, digital transformation progress, and regulatory compliance achievements. The archive serves as a historical record of DCMDF's evolution within competitive communications markets.
For stakeholders monitoring the data infrastructure sector, this page offers chronological tracking of business developments without promotional commentary. Regular visitors can efficiently monitor corporate announcements while maintaining perspective on long-term strategic patterns.
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DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) reported strong Q2 2024 financial results. Revenues increased by 5.7% to $125.8 million, while gross profit rose 7.2% to $34.3 million. The company saw significant improvements in profitability, with Adjusted EBITDA growing 22.2% to $16.9 million, representing 13.4% of revenues. Net income turned positive at $4.1 million, compared to a net loss in Q2 2023. DCM's focus on debt reduction resulted in a 48.3% decrease in net debt since the MCC acquisition. The company is on track to achieve $30-35 million in annualized post-acquisition synergies by the end of the fiscal year, driven by plant consolidation, system integration, and restructuring actions.
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF), a leading provider of marketing and business communication solutions in North America, will announce its Second Quarter 2024 results on August 7, 2024, after market close. The company will host a conference call and webcast on August 8, 2024, at 9:00 a.m. Eastern time.
President and CEO Richard Kellam and CFO James Lorimer will present the results and conduct a live Q&A session. Interested parties can register for the webcast through Microsoft Virtual Events Powered by Teams. The full results will be available on the company's Investor Relations page and www.sedarplus.ca. Additionally, a video message from Mr. Kellam will be posted on the company's website.
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) reported progress in consolidating its plant network from 14 to 10 main production facilities to improve operating efficiency following its 2023 acquisition of Moore Canada The company completed the consolidation of its Thistle Printing and Toronto commercial printing operations at 180 Bond Ave. in Toronto, investing in new equipment and facility upgrades. DCM has accelerated production and equipment moves from Fergus and Trenton, Ontario factories to Drummondville, Quebec and Brampton, Ontario factories. The company expects to substantially complete these two remaining planned plant closures and associated production transfers by the end of 2024.
DATA Communications Management Corp. (DCM) has launched ASMBL, a new AI-enabled Digital Asset Management (DAM) platform. ASMBL will compete in a $5.3 billion global market for DAM solutions, expected to grow at a 14% CAGR over the next five years. The platform features enterprise scalability, intuitive design, and robust security.
ASMBL's AI capabilities include automated file tagging, enhanced search, and AI-generated transcription and content summaries. It offers easy setup and deployment, enabling efficient management of digital content across enterprises. The platform is designed to integrate with various marketing technology tools, creating a 'single source of truth' for all digital assets.
DCM's CEO, Richard Kellam, states that ASMBL is a strategic addition to their product range, serving over 400 enterprise clients and 2,000 SMBs, while also attracting new clients facing digital content management challenges.
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) held its annual shareholders meeting on May 23, 2024, in Toronto, Ontario. Representing 66.05% of the total votes, 29 shareholders with 36,489,348 shares participated. PricewaterhouseCoopers LLP was appointed as auditors with 100% approval.
All eight directors proposed for election were successfully elected. The votes for the directors ranged from 87.18% to 99.93% in favor, highlighting broad shareholder support.
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) will hold its annual meeting of shareholders on May 23, 2024, at 11:00 a.m. (Eastern Time) in Toronto. The meeting will take place at 60 Adelaide Street East, Suite 1000, and will be followed by a Q&A session hosted by CEO Richard Kellam and CFO James Lorimer. Shareholders can also join via a Microsoft Teams webcast, although they must vote in advance through a proxy or voting instruction form. Detailed voting instructions are included in the company's management information circular available on www.sedarplus.ca and the company's website.
Data Communications Management Corp. (DCM) reported strong first-quarter 2024 financial results.
Revenues surged by 69.9% to $129.3 million compared to Q1 2023. Gross profit increased by 57.9% to $37.3 million, although gross margin as a percentage of revenues slightly decreased to 28.9% from 31.1%. SG&A expenses rose to $25.4 million, primarily due to a one-time consulting project.
Adjusted EBITDA reached $18.7 million, up 46.2%, representing 14.4% of revenues. Net income stood at $1.5 million, a significant improvement from a net loss of $2.4 million last year. Adjusted net income was $4.9 million, down from $5.9 million.
Net debt decreased by 46.1% to $78.3 million. The company is focused on post-acquisition integration of Moore Canada (MCC), targeting annualized synergies of $30 to $35 million.
Data Communications Management Corp (DCM) will announce its First Quarter 2024 results on May 13, 2024. The Company will host a conference call on May 14, 2024. Richard Kellam, President, and CEO, and James Lorimer, CFO, will present the results. Instructions to join the webcast and call are provided. Full results will be available on the Investor Relations page and www.sedarplus.ca.
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