SSC Security Services Reports Q1 2025 Earnings

Ssc Security Services Corp. ( (SECUF) ) has released its Q1 earnings. Here is a breakdown of the information Ssc Security Services Corp. presented to its investors.

SSC Security Services Corp. is a Canadian company specializing in providing cyber, physical, and electronic security services to commercial, industrial, and public sector clients nationwide.

In its latest earnings report for the first quarter of fiscal year 2025, SSC Security Services Corp. announced improved gross margins and continued share buybacks, reflecting a disciplined approach to growth and financial management. The company remains well-capitalized and debt-free, focusing on protecting cash reserves while exploring acquisition opportunities.

The company reported a gross profit increase to $5.0 million, up from $4.9 million in the same quarter last year, driven by higher operational efficiencies and cost-saving initiatives. Despite a slight decrease in revenue to $29.2 million, SSC maintained consistent revenues compared to the previous quarter. The company also continued its share buyback program, repurchasing 161,400 shares at an average price of $2.61 per share.

SSC’s financial position remains strong, with cash and cash equivalents of $11.4 million and no long-term debt. The company paid its 34th consecutive quarterly dividend and reported an adjusted EBITDA of $1.2 million, consistent with its performance over the past year.

Looking ahead, SSC Security Services Corp. anticipates continued growth in demand for its integrated security solutions. The company plans to pursue strategic acquisitions and maintain financial conservatism, while focusing on strong margins and maximizing adjusted EBITDA per share.