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 CALGARY AB T2H 0L9 |
| Tel: | N/A |
| Website: | www.quorumdms.com |
| 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 | |
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