The earnings call showcased Quorum's financial improvements with record adjusted EBITDA and cash income, successful debt reduction, and SaaS revenue growth. However, the decline in total revenue, BDC revenue, and services revenue highlights ongoing challenges.

Company Guidance

During the Q3 2024 earnings call for Quorum Information Technologies, several key financial metrics and strategic plans were discussed. The company achieved a record adjusted EBITDA of $2.3 million, marking a 15% increase from $2 million in Q3 2023, and an adjusted EBITDA margin expansion to 23% from 19% in the previous year. Adjusted cash income rose by 39% to $1.8 million, with a margin increase to 18% from 12%. Despite a 5% decline in total revenue to $9.9 million, SaaS revenue slightly increased by 2% to $7.2 million. The company successfully reduced its BDC Capital debt facility from $9 million to $4.5 million, resulting in $0.4 million in annual interest savings. Quorum plans to focus on cross-selling opportunities, having identified a $54 million annual SaaS revenue potential within its existing customer base. Looking ahead, the company is considering strategic investments in sales and marketing, M&A, and product innovation, with a particular emphasis on leveraging AI to enhance service operations and sales tools.

Record Adjusted EBITDA and Cash Income

Quorum achieved record adjusted EBITDA of $2.3 million, up 15% from $2 million in Q3 2023, and record adjusted cash income of $1.8 million, a 39% increase from $1.3 million in Q3 2023.

Debt Reduction

Quorum reduced its BDC Capital debt facility from $9 million to $4.5 million in 2024, resulting in $0.4 million in annual interest expense savings.

SaaS Revenue Growth

SaaS revenue increased by 2% to $7.2 million compared to $7.1 million in Q3 2023.

Cost Management

Total operating expenses decreased by 17% to $4.2 million from $5 million, contributing to an increase in net income by $1.1 million.

Generative AI Enhancements

Implemented generative AI enhancements in Service CRM, increasing average BDC maintenance sales per repair order by 14%.

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Quorum Information Technologies (TSE:QIS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:QIS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 29, 2018	2018 (Q2)	- / 0.00	0.005	―	―	―
Nov 15, 2018	2018 (Q3)	- / 0.00	0.002	―	―	―
May 30, 2019	2019 (Q1)	- / -	-0.005	―	―	―
May 30, 2019	2018 (Q4)	- / >-0.01	-0.005	-80.00% (>-0.01)	―	―
Aug 22, 2019	2019 (Q2)	- / <0.01	0	―	―	―
Nov 15, 2019	2019 (Q3)	- / 0.01	0	―	―	―
May 18, 2020	2020 (Q1)	- / -	-0.009	―	―	―
May 18, 2020	2019 (Q4)	- / -0.01	-0.009	-11.11% (>-0.01)	―	―
Aug 19, 2020	2020 (Q2)	- / -0.02	0.005	-500.00% (-0.03)	―	―
Nov 19, 2020	2020 (Q3)	- / >-0.01	0.01	-150.00% (-0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:QIS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	C$0.88	C$0.82	-6.82%
Aug 21, 2024	C$0.97	C$0.96	-1.03%
May 29, 2024	C$0.75	C$0.76	+1.33%
Apr 24, 2024	C$0.75	C$0.75	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Quorum Information Technologies (TSE:QIS) report earnings?

Quorum Information Technologies (TSE:QIS) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.

What is Quorum Information Technologies (TSE:QIS) earnings time?

Quorum Information Technologies (TSE:QIS) earnings time is at Apr 16, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:QIS EPS forecast?

Currently, no data Available

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