Ciscom Stock Price, News & Analysis

Ciscom Corp reported strong financial results for Q3 2024, with revenue increasing by 20.6% to $25.9 million compared to $21.5 million in the same period last year. The company's gross profit rose by 13% to $4.7 million, while EBITDA significantly improved to $1.1 million, a 158% increase from 2023. Despite reporting a net loss of $0.3 million, this represents an $0.8 million improvement from the previous year. The company's cost reduction initiatives saved $0.6 million annually, and operations generated positive cash flows of $1.4 million in the first nine months of 2024.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT investment company focusing on AdTech and MarTech, has announced key leadership changes. Michel Pepin, previously President & CFO, has been appointed President and Chief Executive Officer. Frank Linhart, formerly with Prospect Media Group (PMG), a Ciscom subsidiary, has been named Chief Financial Officer.

The Board expressed confidence in these promotions, viewing them as important for Ciscom's growth and shareholder value. Mr. Pepin, with Ciscom since its inception, will focus on the company's M&A mandate. Mr. Linhart will maintain his role as VP Finance and Administration at PMG alongside his new CFO duties.

As part of their new agreements, Ciscom issued 675,000 stock options to Pepin and Linhart, exercisable at $0.10 per share for five years. Additionally, Tracy Hughes has resigned from the Board of Directors to focus on her business, InvestorNews.com.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT sector investment and management company, has signed an advisory agreement with MapleGrow Capital Inc. Under the terms, Ciscom will compensate MapleGrow with a monthly payment of $3,000 in cash and $1,500 in common shares, plus HST. The share price will be based on the 10-day volume-weighted average closing price on the Canadian Securities Exchange for the month of service. This agreement aims to provide Ciscom with general business advisory services, potentially supporting its growth and acquisition strategies in the ICT sector.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT sector investment company, held its Annual General and Special Meeting on August 20, 2024, with strong shareholder support. Shareholders approved all proposed matters, including re-electing seven board members, appointing auditors, and approving the shareholder rights plan. 31,170,005 common shares were represented out of 53,563,833 outstanding shares. Directors were re-elected with 97-100% approval, while other matters received 99-100% approval.

Michel Pepin, President, CFO, and Director, highlighted the company's improved financial position, citing increased sales, gross profit, reduced expenses, and positive cash flows from operations. He emphasized Ciscom's readiness to capitalize on opportunities and execute its acquisitions mandate.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) reported significant revenue growth in the first half of 2024. Key highlights include:

- Q2 2024 revenues increased 42.8% to $9.9 million
- First half 2024 revenues up 21.7% to $17.3 million
- Q2 2024 gross profit rose 29.1% to $1.8 million
- First half 2024 gross profit increased 19.5% to $3.2 million
- Q2 2024 EBITDA improved to $0.529 million, a 453% growth
- First half 2024 EBITDA reached $0.782 million, up from a $0.050 million loss in 2023
- Net loss for first half 2024 improved to $0.186 million from $1.065 million in 2023
- Positive cash flows from operations of $0.814 million in first half 2024

The company achieved over 20% organic revenue growth while reducing operating expenses by 12%, demonstrating operational efficiency and positioning for future acquisitions.

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) has issued 250,000 options to purchase common shares to each of its new directors, Stephen Lautens and Angel Valov. These options were granted under the Company's stock option plan, vested immediately, and are exercisable at $0.10 per share for five years. The full stock option plan is available on SEDAR+.

Ciscom Corp. (CSE: CISC, OTCQB: CISCF) has changed its auditor from SRCO Professional to McGovern Hurley LLP, effective June 12, 2024. The change was approved by the board of directors and the audit committee. The previous auditor, SRCO Professional , had no reservations, modified opinions, or reportable events related to its audits of the company. The necessary documents regarding the change have been reviewed and approved, and filed through SEDAR+.

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.