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Quorum Information Technologies Inc. (V:QIS)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 7500 Macleod Trail SE, Suite 200
Tel: N/A
IR: See website
Key People
D. Neil McDonnell
Independent Chairman of the Board
Maury R. Marks
President, Chief Executive Officer, Director
Marilyn Bown
Chief Financial Officer
Robert Quirion
President - DealerMine
Mike Herenberg
Chief Operating Officer
Mark Allen
Vice President - Sales, Marketing & Services
Daniel Aaron Ichelson
VP - Operations and Development
Business Overview
Quorum Information Technologies Inc. is a Canada-based information technology (IT) company that focuses on the automotive retail business in Canada and the United States. The Company develops, markets, implements and supports its Windows-based software product, XSELLERATOR, a dealership management system (DMS) for the automotive market. The Company operates through the computer network and business software industry segment. The Company works with original equipment manufacturers (OEMs) to bring integration between the auto manufacturers and the systems that dealers use. XSELLERATOR automates, integrates and streamlines a range of processes across departments in a dealership. The product is delivered to General Motors Corporation (GM), Chrysler, Ford, Toyota, Hyundai, Kia, Nissan, Subaru, NAPA and Bumper to Bumper dealerships throughout North America.
Financial Overview
For the nine months ended 30 September 2020, QuorumInformation Technologies Inc revenues decreased 7% toC$22.5M. Net loss totaled C$1.4M vs. income of C$374K.Revenues reflect United States segment decrease of 23% toC$3.6M, Canada segment decrease of 3% to C$19M. Net lossreflects Stock-based compensation increase from C$215K toC$649K (expense), General and administrative increase of 5%to C$3.9M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $92.80M as of Sep 30, 2020
Annual revenue (TTM): $31.24M as of Sep 30, 2020
EBITDA (TTM): $0.45M as of Sep 30, 2020
Net annual income (TTM): -$2.86M as of Sep 30, 2020
Free cash flow (TTM): $1.23M as of Sep 30, 2020
Net Debt Last Fiscal Year: $3.06M as of Sep 30, 2020
Shares outstanding: 72,810,341 as of Feb 4, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization