Data Commun Management (TSE:DCM) has released an update.
Data Communications Management Corp. reported a robust first quarter in 2024, with revenues soaring by nearly 70% to $129.3 million and gross profit up by 57.9%. The company saw a positive shift in net income, turning around from a net loss last year to a $1.5 million profit, while emphasizing debt reduction and a net debt to Adjusted EBITDA ratio of 1.8x. DCM’s leadership remains focused on post-acquisition integration and driving profitable growth, with anticipated annual synergies of up to $35 million.
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