Reported Earnings • Jun 14
Second quarter 2026 earnings released: EPS: CA$0.001 (vs CA$0 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.001 (up from CA$0 in 2Q 2025). Revenue: CA$3.68m (up 36% from 2Q 2025). Net income: CA$93.1k (up CA$87.5k from 2Q 2025). Profit margin: 2.5% (up from 0.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
First quarter 2026 earnings released: EPS: CA$0 (vs CA$0.001 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0 (improved from CA$0.001 loss in 1Q 2025). Revenue: CA$3.18m (up 29% from 1Q 2025). Net loss: CA$17.8k (loss narrowed 72% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 20
Fourth quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 2nd March 2026 Payment date: 16th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 7 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 39% to bring the payout ratio under control. However, EPS has declined by 8.4% over the last 5 years so the company would need to reverse this trend. Annonce • Feb 14
Solution Financial Inc. Announces Payment of A Quarterly Dividend, Payable on March 16, 2026 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on March 16, 2026 to common shareholders of record as of the close of business on March 2, 2026. This dividend is a "non-eligible dividend" for Canadian income tax purposes. Annonce • Feb 03
Solution Financial Inc., Annual General Meeting, Apr 10, 2026 Solution Financial Inc., Annual General Meeting, Apr 10, 2026. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: CA$0.003 (vs CA$0.004 in FY 2024) Full year 2025 results: EPS: CA$0.003 (down from CA$0.004 in FY 2024). Revenue: CA$10.6m (down 15% from FY 2024). Net income: CA$273.9k (down 23% from FY 2024). Profit margin: 2.6% (down from 2.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Declared Dividend • Nov 14
Third quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 6 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 77% to bring the payout ratio under control. However, EPS has declined by 14% over the last 5 years so the company would need to reverse this trend. Annonce • Nov 12
Solution Financial Inc. announces Quarterly dividend, payable on December 15, 2025 Solution Financial Inc. announced Quarterly dividend of CAD 0.0010 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 28, 2025. Reported Earnings • Sep 12
Third quarter 2025 earnings released: EPS: CA$0.001 (vs CA$0.002 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.001 (down from CA$0.002 in 3Q 2024). Revenue: CA$2.30m (down 50% from 3Q 2024). Net income: CA$93.1k (down 49% from 3Q 2024). Profit margin: 4.1% (up from 3.9% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 10
Second quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 6 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Annonce • Aug 08
Solution Financial Inc. announces Quarterly dividend, payable on September 15, 2025 Solution Financial Inc. announced Quarterly dividend of CAD 0.0010 per share payable on September 15, 2025, ex-date on August 29, 2025 and record date on August 29, 2025. New Risk • Jun 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (CA$24.4m market cap, or US$18.0m). Reported Earnings • Jun 13
Second quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 2Q 2024) Second quarter 2025 results: EPS: CA$0 (in line with 2Q 2024). Revenue: CA$2.71m (up 14% from 2Q 2024). Net income: CA$5.7k (up CA$34.7k from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • May 18
First quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 30th May 2025 Payment date: 16th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (128% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 6 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 42% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Annonce • May 16
Solution Financial Inc. announces Quarterly dividend, payable on June 16, 2025 Solution Financial Inc. announced Quarterly dividend of CAD 0.0010 per share payable on June 16, 2025, ex-date on May 30, 2025 and record date on May 30, 2025. New Risk • Mar 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (CA$24.8m market cap, or US$17.3m). Reported Earnings • Mar 16
First quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0 in 1Q 2024) First quarter 2025 results: CA$0.001 loss per share (further deteriorated from CA$0 in 1Q 2024). Revenue: CA$2.47m (down 20% from 1Q 2024). Net loss: CA$63.6k (down 400% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 16
Fourth quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 28th February 2025 Payment date: 17th March 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 5 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 8.4% to bring the payout ratio under control, which is less than the 12% EPS growth achieved over the last 5 years. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings have declined by 5.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 5.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$24.1m market cap, or US$16.7m). Reported Earnings • Jan 30
Full year 2024 earnings released: EPS: CA$0.004 (vs CA$0 in FY 2023) Full year 2024 results: EPS: CA$0.004 (up from CA$0 in FY 2023). Revenue: CA$12.5m (down 19% from FY 2023). Net income: CA$355.0k (up CA$316.3k from FY 2023). Profit margin: 2.8% (up from 0.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Jan 28
Solution Financial Inc., Annual General Meeting, Mar 27, 2025 Solution Financial Inc., Annual General Meeting, Mar 27, 2025. Location: british columbia, vancouver Canada Declared Dividend • Nov 11
Third quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 5 years but payments have been stable during that time. Earnings per share has grown by 82% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Reported Earnings • Sep 15
Third quarter 2024 earnings released: EPS: CA$0.002 (vs CA$0.002 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.002 (in line with 3Q 2023). Revenue: CA$4.52m (up 47% from 3Q 2023). Net income: CA$181.2k (up 22% from 3Q 2023). Profit margin: 4.0% (down from 4.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Aug 19
VP of Operations & Director recently sold CA$51k worth of stock On the 15th of August, Vincent Lau sold around 178k shares on-market at roughly CA$0.28 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Vincent's only on-market trade for the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 5 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control, which is less than the 26% EPS growth achieved over the last 5 years. Reported Earnings • Jun 14
Second quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 2Q 2023) Second quarter 2024 results: EPS: CA$0 (in line with 2Q 2023). Revenue: CA$2.37m (down 32% from 2Q 2023). Net loss: CA$29.0k (down 177% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • May 08
First quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 5 years but payments have been stable during that time. Earnings per share has grown by 44% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Reported Earnings • Mar 17
First quarter 2024 earnings released: EPS: CA$0 (vs CA$0.004 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0 (improved from CA$0.004 loss in 1Q 2023). Revenue: CA$3.09m (down 40% from 1Q 2023). Net income: CA$21.2k (up CA$350.0k from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 16
Fourth quarter dividend of CA$0.001 announced Dividend of CA$0.001 is the same as last year. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 4 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 903% to bring the payout ratio under control, which is more than the 55% EPS growth achieved over the last 5 years. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: CA$0 (vs CA$0.009 in FY 2022) Full year 2023 results: EPS: CA$0 (down from CA$0.009 in FY 2022). Revenue: CA$15.4m (down 24% from FY 2022). Net income: CA$38.7k (down 95% from FY 2022). Profit margin: 0.3% (down from 4.1% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Jan 27
Solution Financial Inc., Annual General Meeting, Mar 28, 2024 Solution Financial Inc., Annual General Meeting, Mar 28, 2024. Reported Earnings • Sep 15
Third quarter 2023 earnings released: EPS: CA$0.002 (vs CA$0.004 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.002 (down from CA$0.004 in 3Q 2022). Revenue: CA$3.08m (down 8.9% from 3Q 2022). Net income: CA$149.0k (down 61% from 3Q 2022). Profit margin: 4.8% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Jun 15
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.002 in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (down from CA$0.002 in 2Q 2022). Revenue: CA$3.46m (down 38% from 2Q 2022). Net income: CA$37.8k (down 81% from 2Q 2022). Profit margin: 1.1% (down from 3.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • May 06
Solution Financial Inc. Announces Quarterly Dividend, Payable on June 15, 2023 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on June 15, 2023 to common shareholders of record as of the close of business on May 31, 2023. Reported Earnings • Mar 17
First quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.003 profit in 1Q 2022) First quarter 2023 results: CA$0.004 loss per share (down from CA$0.003 profit in 1Q 2022). Revenue: CA$5.11m (down 3.4% from 1Q 2022). Net loss: CA$328.8k (down 245% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Feb 10
Solution Financial Inc. Announces Quarterly Dividend, Payable on March 15, 2023 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on March 15, 2023 to common shareholders of record as of the close of business on February 28, 2023. This dividend is a "non-eligible dividend" for Canadian income tax purposes. Reported Earnings • Jan 29
Full year 2022 earnings released: EPS: CA$0.009 (vs CA$0.011 in FY 2021) Full year 2022 results: EPS: CA$0.009 (down from CA$0.011 in FY 2021). Revenue: CA$20.3m (flat on FY 2021). Net income: CA$837.5k (down 7.7% from FY 2021). Profit margin: 4.1% (down from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Jan 28
Solution Financial Inc., Annual General Meeting, Mar 30, 2023 Solution Financial Inc., Annual General Meeting, Mar 30, 2023. Location: Vancouver BC Vancouver Canada Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Chairman of the Board Randy Smyth was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 05
Solution Financial Inc. Declares Quarterly Dividend, Payable on December 15, 2022 Solution Financial Inc. has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on December 15, 2022 to common shareholders of record as of the close of business on November 30, 2022. Reported Earnings • Sep 15
Third quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.005 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.004 (down from CA$0.005 in 3Q 2021). Revenue: CA$3.38m (down 46% from 3Q 2021). Net income: CA$376.9k (down 7.3% from 3Q 2021). Profit margin: 11% (up from 6.5% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Aug 06
Solution Financial Inc. Announces Quarterly Dividend, Payable on September 15, 2022 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on September 15, 2022 to common shareholders of record as of the close of business on August 31, 2022. This dividend is a "non-eligible dividend" for Canadian income tax purposes. Annonce • Jul 30
Solution Financial Inc. announced that it has received CAD 3.1754 million in funding Solution Financial Inc. announced non-brokered private placement of unsecured convertible debentures for gross proceeds of CAD 3,175,400 on July 29, 2022. The transaction included participation from Sean Hodgins, Chief Financial Officer of the company for CAD 100,000 and Kerry Meier, Directors of the company for CAD 300,000. The debentures will be issued at par, matures on second anniversary of issuance, and bears interest at 5% per annum, payable semi-annually. The debenture is convertible into common shares at a fixed conversion price of CAD 0.38 per share. The debentures will mature in March 2023. The transaction is subject to the receipt of all necessary approvals, including the regulatory approvals. All the securities to be issued shall have a hold period until November 29, 2022. Reported Earnings • Jun 16
Second quarter 2022 earnings released: EPS: CA$0.002 (vs CA$0.002 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.002 (vs CA$0.002 in 2Q 2021). Revenue: CA$5.61m (flat on 2Q 2021). Net income: CA$203.1k (up 1.7% from 2Q 2021). Profit margin: 3.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • May 10
Solution Financial Inc. Announces Quarterly Dividend, Payable on June 15, 2022 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on June 15, 2022 to common shareholders of record as of the close of business on May 31, 2022. This dividend is a "non-eligible dividend" for Canadian income tax purposes. Reported Earnings • Mar 19
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0.003 (up from CA$0.001 in 1Q 2021). Revenue: CA$5.29m (up 36% from 1Q 2021). Net income: CA$226.7k (up 141% from 1Q 2021). Profit margin: 4.3% (up from 2.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Feb 11
Solution Financial Inc. Announces Payment of Quarterly Dividend, Payable on March 15, 2022 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on March 15, 2022 to common shareholders of record as of the close of business on March 1, 2022. This dividend is a "non-eligible dividend" for Canadian income tax purposes. Reported Earnings • Jan 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$0.011 (up from CA$0.005 in FY 2020). Revenue: CA$20.5m (up 43% from FY 2020). Net income: CA$907.2k (up 127% from FY 2020). Profit margin: 4.4% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Jan 28
Solution Financial Inc., Annual General Meeting, Mar 30, 2022 Solution Financial Inc., Annual General Meeting, Mar 30, 2022. Reported Earnings • Sep 15
Third quarter 2021 earnings released: EPS CA$0.005 (vs CA$0.003 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$6.23m (up 58% from 3Q 2020). Net income: CA$406.5k (up 73% from 3Q 2020). Profit margin: 6.5% (up from 6.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Chairman of the Board Randy Smyth was the last director to join the board, commencing their role in 2020. Recent Insider Transactions Derivative • Jul 02
Key Executive exercised options to buy CA$98k worth of stock. On the 24th of June, Sean Hodgins exercised options to buy 250k shares at a strike price of around CA$0.25, costing a total of CA$63k. This transaction amounted to 69% of their direct individual holding at the time of the trade. Since September 2020, Sean has owned 360.25k shares directly. Company insiders have collectively bought CA$223k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Jul 02
Second quarter 2021 earnings released: EPS CA$0.002 (vs CA$0.001 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$5.58m (up 102% from 2Q 2020). Net income: CA$199.7k (up 404% from 2Q 2020). Profit margin: 3.6% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Jun 05
Solution Financial Inc. has completed a Composite Units Offering in the amount of CAD 10 million. Solution Financial Inc. has completed a Composite Units Offering in the amount of CAD 10 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 5,936,042
Price\Range: CAD 0.4
Discount Per Security: CAD 0.032
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: CAD 0.4
Discount Per Security: CAD 0.004 Annonce • May 04
Solution Financial Inc. Announces Quarterly Dividend, Payable on June 15, 2021 Solution Financial Inc. announced that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on June 15, 2021 to common shareholders of record as of the close of business on May 31, 2021. This dividend is a "non-eligible dividend" for Canadian income tax purposes. Annonce • Mar 09
Solution Financial Inc. announced that it has received CAD 3.2254 million in funding On March 8, 2021, Solution Financial Inc. (TSXV:SFI) closed the transaction. The company received gross proceeds of CAD 3,225,400. The debentures will mature on March 8, 2023. The debentures will be subject to a statutory resale restriction expiring on July 9, 2021. The transaction included participation from two directors which included CAD 100,000 of new investments and CAD 300,000 of reinvestments of maturing debentures. Annonce • Jan 23
Solution Financial Inc., Annual General Meeting, Mar 26, 2021 Solution Financial Inc., Annual General Meeting, Mar 26, 2021. Reported Earnings • Jan 20
Full year 2020 earnings released: EPS CA$0.005 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$14.3m (up 48% from FY 2019). Net income: CA$400.4k (up 120% from FY 2019). Profit margin: 2.8% (up from 1.9% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 15
New 90-day low: CA$0.43 The company is down 10.0% from its price of CA$0.48 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 15% over the same period. Annonce • Jan 05
Solution Financial Inc. announced that it expects to receive CAD 5 million in funding Solution Financial Inc. (TSXV:SFI) announced non-brokered private placement of convertible debentures for gross proceeds of CAD 5,000,000 on January 4, 2021. The debentures will be issued at par, matures on second anniversary of issuance, and bears interest at 5% per annum, payable semi-annually. The debenture is convertible into common shares at a fixed conversion price of CAD 0.50 per share. The transaction is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Is New 90 Day High Low • Nov 20
New 90-day high: CA$0.55 The company is up 25% from its price of CA$0.44 on 17 August 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 17% over the same period. Annonce • Nov 18
Solution Financial Inc. Appoints Randy Smyth as Director and Chairman of the Board Solution Financial Inc. announced the appointment of Mr. Randy Smyth as Director and Chairman of the Board effective as of the date of November 16, 2020. Randy is currently the CEO of Geminus Acquisition & Management Inc. as well as serving as a senior executive for Arctos Capital LLC, Stride Capital Corp., Community Vehicle Financing and Leasing Inc. and Arundel Capital Corporation. The appointment of Mr. Smyth is subject to TSX Venture Exchange approval. Annonce • Jul 20
Solution Financial Inc.(TSXV:SFI) dropped from S&P/TSX Venture Composite Index Solution Financial Inc.(TSXV:SFI) dropped from S&P/TSX Venture Composite Index