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Dye & Durham Limited (T:DND)

Business Focus: Application Software

Sector:  Technology Industry:  Software
 
Company Contact
Address: 25 York Street; Suite 1100
Toronto ON M5J 2V5
Tel: 1-416-5261563
Website: N/A
IR: N/A
Key People
Matthew Proud
Global Chief Executive Officer, Director
Frank Di Liso
Chief Financial Officer
Martha Vallance
Chief Operating Officer
Charlie Maccready
Executive Vice President, Chief Legal Officer
John Sulja
Chief Information Officer
Wojtek Dabrowski
Chief Communications Officer
Business Overview
Dye & Durham Limited is a Canada-based provider of practice management solutions. The Company offers cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical workflow software and information services, which clients use to manage their process, information and regulatory requirements. The Company has three geographic segments, being Canada, United Kingdom and Ireland, and Australia. Its solutions include practice management, data insights and due diligence and payment infrastructure. It has operations in Canada, the United Kingdom, Ireland, Australia and South Africa. The Company serves a large customer base of over 60,000 legal firms, financial service institutions and government organizations. Its subsidiaries include Dye & Durham Corporation, Dye & Durham (UK) Limited, Dye & Durham (UK) Holdings Limited, Dye & Durham Australia Pty Limited and GlobalX Information Pty Ltd.
Financial Overview
For the six months ended 31 December 2023, Dye & Durham Ltd revenues increased 2% to C$230.3M. Net loss increased 4% to C$48.4M. Revenues reflect Canada segment increase of 2% to C$133.2M. Higher net loss reflects Interest and accretion costs increase of 44% to C$77.9M (expense), Change in fair value of convertible debe decrease from C$621K (income) to C$8.1M (expense). Dividend per share remained flat at C$0.04.
Employees: 1,381 as of Jun 30, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $2,380M as of Dec 31, 2023
Annual revenue (TTM): $454.55M as of Dec 31, 2023
EBITDA (TTM): $224.09M as of Dec 31, 2023
Net annual income (TTM): -$172.69M as of Dec 31, 2023
Free cash flow (TTM): $117.76M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,323M as of Dec 31, 2023
Shares outstanding: 66,864,834 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization