Circa Enterprises: Circa Reports Sales and Operating Results for the First Quarter Ended March 31, 2021
Summary of first quarter operating results:
Q1 2021 sales of $8.1 million, an increase of $1.0 million or 14.5% from Q1 2020 sales of $7.1 million
Net income and comprehensive income of $163,000 for Q1 2021 compared to net income and comprehensive income of $146,000 for Q1 2020
Q1 2021 EBITDA of $829,000, an increase of $159,000 compared to Q1 2020 EBITDA of $670,000 (see below for explanation and calculation of EBITDA)
Q1 2021 EBITDAaL of $591,000, an increase of $175,000 compared to EBITDAaL of $416,000 for Q1 2020 (see below for explanation and calculation of EBITDAaL)
Earnings per share of $0.02 in Q1 2021 compared to earnings per share of $0.01 in Q1 2020
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Calgary, Alberta (Newsfile Corp. - March 11, 2021) - Circa Enterprises Inc. (TSXV: CTO) (the Company or Circa ), a manufacturer of equipment for the telecommunication, electrical utility, and construction industries, reports results of operations for the fourth quarter and year ended December 31, 2020.
Summary of fourth quarter operating results:
Q4 2020 sales of $7.8 million, an increase of $0.9 million or 12.1% from Q4 2019 sales of $6.9 million
Profit for the period from continuing operations for Q4 2020 of $302,000, or $0.03 per share compared to profit from continuing operations of $539,000, or $0.05 per share for Q4 2019
Q4 2020 EBITDA of $0.9 million, a decrease of $0.3 million compared to Q4 2019 EBITDA of $1.2 million (see below for explanation and calculation of EBITDA)
Circa Enterprises: Circa Reports Sales and Operating Results for the Fourth Quarter and Fiscal Year Ended December 31, 2020
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Sales for the fourth quarter of 2020 were $7.8 million a $0.9 million or 12.1% increase compared to the fourth quarter in 2019. The increase was due to higher sales in the Metals segment, which were partially offset by reduced Telecom segment sales in all product lines.
Circa Metals segment sales increased $0.9 million in Q4 2020 compared to the same quarter in 2019 due to strong sales of Hydel metering products and custom metal sales. Sales in the Telecom segment remained consistent in Q4 2020 as compared to Q4 2019. Guardian product line sales were lower mostly due to a lack of larger overseas project sales. Sales in the cable and connectivity line stayed steady in the quarter despite the continued weakness in the local economy. The surge protection product line saw a modest increase in Q4 2020 when compared to the same quarter i
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