Quorum Information Technologies Inc. (V:QIS)
Business Focus: IT Services & Consulting (NEC)
| Sector: Technology | Industry: IT Services & Consulting |
| Company Contact | |
| Address: | B28, 6020 - 2nd Street CALGARY AB T2H 2L8 |
| Tel: | N/A |
| Website: | https://quoruminformationsystems.com |
| IR: | See website |
| Key People | ||
| Maury R. Marks President, Chief Executive Officer, Director | Marilyn Bown Chief Financial Officer | |
| Business Overview |
| Quorum Information Technologies Inc. is a software as a service (SaaS) software and services company. The Company provides enterprise solutions that automotive dealerships and original equipment manufacturers (OEMs) rely on for their operations. The enterprise solutions include Dealership Management System (DMS), DealerMine CRM, Autovance, Accessible Accessories and VINN Automotive. DMS automates, integrates and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction. DealerMine CRM is a sales and service customer relationship management (CRM) system and a set of business development center services that drives revenue into the critical sales and service departments in a dealership. Autovance is a retailing platform that helps dealerships attract more business through digital retailing. Accessible Accessories is a digital retailing platform that allows franchised dealerships to increase their vehicle accessories revenue. |
| Financial Overview |
| For the nine months ended 30 September 2023, Quorum Information Technologies Inc revenues increased 5% to C$30.3M. Net loss decreased 69% to C$381K. Revenues reflect Canada segment increase of 5% to C$26.9M, United States segment increase of 5% to C$3.4M. Lower net loss reflects Sales and marketing decrease of 28% to C$2M (expense), General and administrative decrease of 11% to C$5.4M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $65.24M as of Sep 30, 2023 |
| Annual revenue (TTM): | $40.19M as of Sep 30, 2023 |
| EBITDA (TTM): | $4.93M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.55M as of Sep 30, 2023 |
| Free cash flow (TTM): | $1.31M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $9.70M as of Sep 30, 2023 |
| Shares outstanding: | 73,504,450 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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