Financial

EQ recorded its highest Q1 revenue since 2012, with $2.7 million booked in Q1/2022, up 55% Y/Y, but slightly below our estimate of $3.0 million. Revenue dropped Q/Q due to seasonality as Q1 is traditionally the lowest revenue quarter of the year. Data business continued to grow and was 22% higher Y/Y. [more]

DCM’s reported revenue in Q4/2021 of $60.9 million which was slightly higher than the revenue in Q4/2020. It was the first time since the pandemic started that quarterly revenue improved year-over-year. The Company continues to see “return to work” indications and believes that revenue will continue to trend higher in 2022. [more]

The Financial Sector is a major component of the stock market in both Canada and the USA. This report compares and contrasts the performance of the Canadian and the U.S. Financial Sector ETFs, both for 2021 and for 2022 to date. [more]

We have written a 19-page Update Report on DCM. The communications and marketing solutions provider continues its “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and DAM solutions. Revenue was $56.9M, up 3.1% from $55.2M in Q2/2021. Adjusted EBITDA was $9.4M and improved cash flow reduced debt in the quarter by $2.8M. We are maintaining a Buy rating and increasing the one-year price target to $3.75/share from $3.60/share. [more]

Square, a US-based financial services and digital payments company, announced its plans to acquire Afterpay, an Australian Buy-Now-Pay-Later (BNPL) company for US$29 billion in an all-stock deal. [more]

DCM is a Canadian-based communications and marketing solutions provider that offers comprehensive online and offline communications and marketing solutions to businesses. The Company is implementing a “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and Digital Asset Management (DAM) solutions. We are Initiating Coverage on DCM with a Buy rating and one-year price target of $3.60/share. [more]

Stock price up over 700% year-over-year. Peak’s management believes that the NASDAQ listing will attract new tech-centric institutional shareholders. Peak releases Revenue & EBITDA guidance and forecasts revenue of $104M in 2021 with EBITDA of $12.5M, ramping up to $624M of revenue in 2023 with EBITDA of $155M. Recent $52.6M financing to “unlock” new expansion and partnership opportunities. We are increasing our one-year target price to $11.00 from $4.80. [more]

14-page Update Equity Research Reports on EQ’s Q1/2021 financial results. EQ’s data solutions revenue, recently its fastest-growing segment, increased 12% year-over-year to $0.48 million in Q1/2021. Due to seasonality & COVID-19 impacts, overall revenue for Q1/2021 was $1.75 million, down from $2.20 million in Q1/2020 but slightly higher than our estimate of $1.70 million. [more]