Articles by Chris Thompson

In this short video, Chris Thompson of eResearch discusses DCM and eResearch’s 16-page Equity Research Report that covers an in-depth analysis of DCM’s Q1/2024 financial results. [more]

We have written a 16-page Update Report on DATA Communications Management (DCM) after it released Q1/2024. DCM is a Canadian-based communications and marketing solutions provider. Revenue increased to $129.3 million in Q1/2024, up 69.9% from $76.1 million in Q1/2023, but lower than our estimate of $139.0 million. Revenue fell short of expectations mainly because several projects from larger clients were postponed to later quarters this year. DCM reported Adjusted EBITDA of $18.7 million in Q1/2024, an increase of 46.2% from $12.8 million in the same quarter last year. The EBITDA growth reflects the positive impact of the MCC acquisition and ongoing efforts to improve margins and reduce expenses. [more]

Permira Advisers is acquiring Squarespace Inc. (NYSE: SQSP) in a $6.99 billion all-cash transaction, reflecting a premium to the market price and comps. This deal, endorsed by the board, signifies a shift for Squarespace towards enhanced strategic flexibility away from public market pressures. With an EV/Revenue multiple exceeding the mid-cap SaaS sector average, the acquisition underscores Squarespace‘s market position and growth potential. [more]

This article delves into the “Global EV Outlook 2024” by the International Energy Agency (IEA), offering an in-depth analysis of the electric vehicle (EV) industry’s current state and potential future. Highlighting a 35% growth in EV sales in 2023 and the expansion of charging infrastructures, it underscores the technological, regulatory, and market dynamics shaping the sector. The report stresses the critical roles of affordability, government incentives, and technological advancements in batteries and charging technologies in driving the adoption and sustainability of electric vehicles globally. [more]

Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) has entered an agreement to acquire Ensign Minerals Inc., enhancing its asset base with the addition of the Mercur Gold Project in Utah. This strategic acquisition, valued at C$21.9 million, is set to increase Revival Gold’s production capabilities to approximately 150,000 ounces of gold annually, propelling it towards becoming a mid-tier heap leach gold producer in the US. The transaction includes a concurrent financing of C$7 million to support ongoing development and exploration efforts, emphasizing Revival Gold’s commitment to growth and operational efficiency. [more]

We have written a 17-page Update Report on DATA Communications Management (DCM) after it released Q4/2023 and 2023 financial results. DCM is a Canadian-based communications and marketing solutions provider. Revenue increased to $130.0 million in Q4/2023, up 77.9% from Q4/2022, and in-line with our estimate of $131.0 million. For the full year, Revenue hit $447.7 million, up 63.5% from 2022, and in-line with our estimate of $448.8 million. The Adjusted EBITDA for 2023 was $53.4 million, a 30.3% increase from the previous year. The Revenue and EBITDA growth were mainly attributable to the acquisition of Moore Canada Corporation, which closed in Q2/2023. The report provides an overview of DCM‘s financial results, strategic directions for 2024, and our financial estimates and target price calculations. [more]

At the PDAC 2024 conference, Rick Rule shared insights into the resource sector’s investment landscape. Highlighting the underpricing in commodity markets due to geopolitical tensions and investor pessimism, Rule outlined strategic investment recommendations across the oil & gas, uranium, and gold sectors. Emphasizing the importance of quality, liquidity, and experienced management, Rule’s presentation offered a guide for investors aiming to navigate the volatile commodity markets. His bullish outlook, backed by a strategic approach to undervalued sectors, provides a blueprint for capitalizing on current market opportunities. [more]

The CEO panel on Critical Metals at PDAC 2024, featured industry leaders from Teck, Albemarle, Vale, and BHP, and delved into the future of commodities amidst volatile markets. Discussions highlighted sustainability as a strategic advantage, the balance between growth and environmental stewardship, community engagement, and the role of technology in accelerating mineral discovery. The panel underscored the importance of secure, ethically sourced supply chains and collaborative efforts to overcome regulatory challenges. These insights emphasize the industry’s commitment to sustainable practices and innovation, ensuring a resilient supply of critical metals for the energy transition. [more]