Reported Earnings • May 29
Second quarter 2026 earnings released: EPS: CA$0.01 (vs CA$0.001 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.01 (up from CA$0.001 in 2Q 2025). Revenue: CA$32.0m (up 16% from 2Q 2025). Net income: CA$166.8k (up CA$156.6k from 2Q 2025). Profit margin: 0.5% (up from 0% 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 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 35% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 299% Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (CA$36.7m market cap, or US$26.6m). Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (5.7%). Higher than average of industry peers (0.9%). Declared Dividend • Feb 13
First quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 5.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) nor is it covered by cash flows (299% cash payout ratio). The dividend has not increased over the past 9 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 787% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 12
First quarter 2026 earnings released: EPS: CA$0 (vs CA$0.007 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0 (improved from CA$0.007 loss in 1Q 2025). Revenue: CA$33.5m (up 15% from 1Q 2025). Net loss: CA$7.8k (loss narrowed 94% from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Feb 11
SSC Security Services Corp. Announces Quarterly Dividend, Payable on April 15, 2026 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of CAD 0.03 per common share for the quarter ending March 31, 2026, representing CAD 0.12 per share on an annualized basis. The dividend is payable on April 15, 2026 to shareholders of record on March 31, 2026. Declared Dividend • Dec 14
Fourth quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 4.8%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 13x earnings) nor is it covered by cash flows (136% cash payout ratio). The dividend has not increased over the past 9 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,444% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend. Annuncio • Dec 12
SSC Security Services Corp. announces Quarterly dividend, payable on January 15, 2026 SSC Security Services Corp. announced Quarterly dividend of CAD 0.0300 per share payable on January 15, 2026, ex-date on December 31, 2025 and record date on December 31, 2025. Reported Earnings • Dec 11
Full year 2025 earnings released: EPS: CA$0.01 (vs CA$0.031 in FY 2024) Full year 2025 results: EPS: CA$0.01 (down from CA$0.031 in FY 2024). Revenue: CA$119.4m (down 1.0% from FY 2024). Net income: CA$159.2k (down 73% from FY 2024). Profit margin: 0.1% (down from 0.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Dec 09
SSC Security Services Corp., Annual General Meeting, Feb 10, 2026 SSC Security Services Corp., Annual General Meeting, Feb 10, 2026. Upcoming Dividend • Sep 22
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (0.7%). Declared Dividend • Aug 23
Third quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 4.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (185% cash payout ratio). The dividend has not increased over the past 9 years but payments have been stable during that time. Annuncio • Aug 21
Ssc Security Services Corp. Declares Quarterly Dividend, Payable on October 15, 2025 SSC Security Services Corp. declared cash dividend of $0.03 per common share for the quarter ending September 30, 2025, representing $0.12 per share on an annualized basis. The dividend is payable on October 15, 2025 to shareholders of record on September 30, 2025. Reported Earnings • Aug 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$30.2m (up 1.5% from 3Q 2024). Net income: CA$57.7k (up 122% from 3Q 2024). Profit margin: 0.2% (up from 0.1% in 3Q 2024). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 23
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. The company is not currently making a profit and its cash payout ratio is 92%. Trailing yield: 5.2%. Lower than top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (0.7%). Declared Dividend • May 18
Second quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 4.8%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (96% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. Reported Earnings • May 16
Second quarter 2025 earnings released: EPS: CA$0.002 (vs CA$0.034 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.002 (down from CA$0.034 in 2Q 2024). Revenue: CA$27.7m (down 9.0% from 2Q 2024). Net income: CA$10.2k (down 98% from 2Q 2024). Profit margin: 0% (down from 2.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • May 16
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending June 30, 2025, Payable on July 15, 2025 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending June 30, 2025, representing $0.12 per share on an annualized basis. The dividend is payable on July 15, 2025 to shareholders of record on June 30, 2025. Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (0.7%). Declared Dividend • Feb 14
First quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 4.6%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings). However, it is covered by cash flows (53% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 519% to bring the payout ratio under control, which is more than the 13% EPS growth achieved over the last 5 years. Reported Earnings • Feb 12
First quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.003 profit in 1Q 2024) First quarter 2025 results: CA$0.01 loss per share (down from CA$0.003 profit in 1Q 2024). Revenue: CA$29.2m (down 5.5% from 1Q 2024). Net loss: CA$125.1k (down 289% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Feb 12
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending March 31, 2025, Payable on April 15, 2025 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending March 31, 2025, representing $0.12 per share on an annualized basis. The dividend is payable on April 15, 2025 to shareholders of record on March 31, 2025. Upcoming Dividend • Dec 27
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (0.7%). Declared Dividend • Dec 13
Fourth quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 4.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (382% earnings payout ratio) nor is it covered by cash flows (255% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 325% to bring the payout ratio under control, which is more than the 21% EPS growth achieved over the last 5 years. Reported Earnings • Dec 10
Full year 2024 earnings released: EPS: CA$0.03 (vs CA$0.004 in FY 2023) Full year 2024 results: EPS: CA$0.03 (up from CA$0.004 in FY 2023). Revenue: CA$120.6m (up 11% from FY 2023). Net income: CA$595.7k (up CA$508.5k from FY 2023). Profit margin: 0.5% (up from 0.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Dec 10
SSC Security Services Corp. Announces Cash Dividend for the Quarter Ending December 31, 2024, Payable on January 15, 2025 SSC Security Services Corp. announces that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending December 31, 2024, representing $0.12 per share on an annualized basis. The dividend is payable on January 15, 2025 to shareholders of record on December 31, 2024. Annuncio • Dec 02
SSC Security Services Corp., Annual General Meeting, Feb 11, 2025 SSC Security Services Corp., Annual General Meeting, Feb 11, 2025. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (0.8%). Declared Dividend • Aug 22
Third quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 4.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 4.5% to bring the payout ratio under control, which is less than the 35% EPS growth achieved over the last 5 years. Reported Earnings • Aug 21
Third quarter 2024 earnings released: EPS: CA$0.002 (vs CA$0.001 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0.002 (up from CA$0.001 loss in 3Q 2023). Revenue: CA$29.7m (up 12% from 3Q 2023). Net income: CA$26.1k (up CA$38.4k from 3Q 2023). Profit margin: 0.1% (up from 0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Aug 20
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending September 30, 2024, Payable on October 15, 2024 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending September 30, 2024, representing $0.12 per share on an annualized basis. The dividend is payable on October 15, 2024 to shareholders of record on September 30, 2024. New Risk • Jun 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 415% Cash payout ratio: 300% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CA$51.6m market cap, or US$37.7m). Declared Dividend • May 23
Second quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 4.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (201% earnings payout ratio) nor is it covered by cash flows (318% cash payout ratio). 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 123% to bring the payout ratio under control, which is more than the 40% EPS growth achieved over the last 5 years. Annuncio • May 23
Ssc Security Services Corp. Declares Cash Dividend for the Quarter Ending June 30, 2024, Payable on July 15, 2024 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending June 30, 2024, representing $0.12 per share on an annualized basis. The dividend is payable on July 15, 2024 to shareholders of record on June 30, 2024. Reported Earnings • May 22
Second quarter 2024 earnings released: EPS: CA$0.03 (vs CA$0.002 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0.03 (up from CA$0.002 loss in 2Q 2023). Revenue: CA$30.4m (up 21% from 2Q 2023). Net income: CA$649.7k (up CA$690.1k from 2Q 2023). Profit margin: 2.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (0.8%). Reported Earnings • Feb 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$30.9m (up 10% from 1Q 2023). Net income: CA$66.2k (down 77% from 1Q 2023). Profit margin: 0.2% (down from 1.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Annuncio • Feb 13
SSC Security Services Corp. Announces Dividend Payment for the Quarter Ending March 31, 2024, Payable on April 15, 2024 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending March 31, 2024, representing $0.12 per share on an annualized basis. The dividend is payable on April 15, 2024 to shareholders of record on March 31, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.03 per share at 4.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.4%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (0.9%). Reported Earnings • Dec 13
Full year 2023 earnings released Full year 2023 results: Revenue: CA$109.1m (up 119% from FY 2022). Net income: CA$87.1k (up CA$1.07m from FY 2022). Profit margin: 0.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annuncio • Dec 12
SSC Security Services Corp. Declares a Cash Dividend for the Quarter Ending December 31, 2023, Payable on January 15, 2024 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending December 31, 2023, representing $0.12 per share on an annualized basis. The dividend is payable on January 15, 2024 to shareholders of record on December 31, 2023. Annuncio • Dec 01
SSC Security Services Corp. Announces Launch of New Cyber Security Partnership Strategy SSC Security Services Corp. announced the launch of a formal "Partnering Strategy" with strong national Managed Service Provider's (MSP's) to specifically market and deliver SSC's Cyber Security services. This formal "Partnering Strategy" will continue to grow the company's operations and accelerate the market penetration and reach of the company's cyber division to deliver suite of specialized Cyber Security services, such as: Artificial Intelligence – using a modular AI architecture engine to increase speed and accuracy of the service platform resulting in significantly reduced false positives and faster detection and response times. Behavioral Analysis – ability to learn normal customer behaviors and quickly highlight unusual actions and activities as part of the monitoring services for customer environments. Threat Hunting – using the company's cyber team to proactively assess the company's customers' IT environments. International Threat Intelligence – using the company's international partnerships and security tools to monitor and rapidly respond to emerging new threats. Dark Web Monitoring – use of latest robust Artificial Intelligence (AI) tools and the company's deep bench of cyber experts to monitor the dark web for email identity and company brand theft for malicious use. 24/7 Operations Centre – for monitoring and incident response. Penetration Testing – continual testing and management of client networks for vulnerabilities and weaknesses. Critical Incident Response Team (CIRT) – the company's CIRT is highly experienced and available 24/7 to assist the company's clients in responding to and resolving all threats such as denial of service and ransomware attacks. IoT Cyber Security – develop and provide robust Cyber Security Solutions for any IoT device. Annuncio • Nov 16
SSC Security Services Corp. Announces Launch of New Cyber Security Suite of Services Expanding Ssc's Cyber Security Division SSC Security Services Corp. announced the launch of an additional suite of Cyber Protection services to take advantage of increasing demand for services in this area. SSC has launched an additional suite of services that will enhance Cyber Security offerings to new and existing clients in Canada and throughout North America. The new services, combined with existing Cyber Security services, directly responds to demands are seeing in the industry and specifically from clients to expand services in areas where their Cyber threats are most prevalent. Some of the new services will utilize specialized tools that assist with repelling ransomware and identity theft issues. These new specialized services and capabilities will allow to provide immediate capacity and resources that will improve client's protection against cyber threats in real time. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.03 per share at 4.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (0.4%). Reported Earnings • Aug 15
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.038 in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (down from CA$0.038 in 3Q 2022). Revenue: CA$26.5m (up 125% from 3Q 2022). Net loss: CA$12.3k (down 102% from profit in 3Q 2022). Profit margin: 0% (down from 6.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 56%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (0.5%). Annuncio • May 19
Ssc Security Services Corp Declares Cash Dividend for the Quarter Ending June 30, 2023, Payable on July 15, 2023 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending June 30, 2023, representing $0.12 per share on an annualized basis. The dividend is payable on July 15, 2023 to shareholders of record on June 30, 2023. Reported Earnings • May 18
Second quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.014 loss in 2Q 2022) Second quarter 2023 results: CA$0.001 loss per share (improved from CA$0.014 loss in 2Q 2022). Revenue: CA$25.2m (up 359% from 2Q 2022). Net loss: CA$40.4k (loss narrowed 86% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.03 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 17 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (0.4%). Reported Earnings • Feb 18
First quarter 2023 earnings released: EPS: CA$0.015 (vs CA$0.024 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.015 (up from CA$0.024 loss in 1Q 2022). Revenue: CA$28.0m (up 376% from 1Q 2022). Net income: CA$285.7k (up CA$763.3k from 1Q 2022). Profit margin: 1.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 17
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending March 31, 2023, Payable on April 17, 2023 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending March 31, 2023, representing $0.12 per share on an annualized basis. The dividend is payable on April 17, 2023 to shareholders of record on March 31, 2023. This dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents. Reported Earnings • Dec 20
Full year 2022 earnings released: CA$0.049 loss per share (vs CA$0.098 profit in FY 2021) Full year 2022 results: CA$0.049 loss per share (down from CA$0.098 profit in FY 2021). Revenue: CA$49.7m (up 171% from FY 2021). Net loss: CA$981.4k (down 152% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 20
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending December 31, 2022, Payable on January 15, 2023 SSC Security Services Corp. announced that the board of directors has declared a cash dividend of $0.03 per common share for the quarter ending December 31, 2022, representing $0.12 per share on an annualized basis. The dividend is payable on January 15, 2023 to shareholders of record on December 31, 2022. Annuncio • Dec 03
SSC Security Services Corp., Annual General Meeting, Feb 16, 2023 SSC Security Services Corp., Annual General Meeting, Feb 16, 2023. Price Target Changed • Nov 16
Price target increased to CA$4.50 Up from CA$3.57, the current price target is provided by 1 analyst. New target price is 47% above last closing price of CA$3.06. Stock is up 5.5% over the past year. The company posted earnings per share of CA$0.098 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Leo Laidley was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 15 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Canadian dividend payers (5.6%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 17
Third quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.063 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.04 (down from CA$0.063 in 3Q 2021). Revenue: CA$11.8m (up 171% from 3Q 2021). Net income: CA$760.1k (down 40% from 3Q 2021). Profit margin: 6.4% (down from 29% in 3Q 2021). Over the next year, revenue is forecast to grow 213%, compared to a 13% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 17
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending September 30, 2022, Payable on October 15, 2022 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending September 30, 2022, representing $0.12 per share on an annualized basis. The dividend is payable on October 15, 2022 to shareholders of record on September 30, 2022. Recent Insider Transactions • Jul 17
Lead Independent Director recently bought CA$78k worth of stock On the 11th of July, David Brown bought around 30k shares on-market at roughly CA$2.60 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$172k more in shares than they have sold in the last 12 months. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of Canadian dividend payers (5.2%). Higher than average of industry peers (0.5%). Recent Insider Transactions • Jun 14
Lead Independent Director recently bought CA$54k worth of stock On the 7th of June, David Brown bought around 20k shares on-market at roughly CA$2.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$122k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 10
Lead Independent Director recently bought CA$54k worth of stock On the 7th of June, David Brown bought around 20k shares on-market at roughly CA$2.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$122k more in shares than they have sold in the last 12 months. Annuncio • Jun 03
SSC Security Services Corp. (TSXV:SECU) completed the acquisition of Logixx Security Inc. from Avante Logixx Inc. (TSXV:XX). SSC Security Services Corp. (TSXV:SECU) entered into a definitive agreement to acquire Logixx Security Inc. from Avante Logixx Inc. (TSXV:XX) for CAD 24 million on March 30, 2022. Under the terms of the transaction, CAD 0.75 million will be paid against arrangement Expense Reimbursement and balance CAD 23.2 million will be paid by way of wire transfer of immediately available funds. In a related transaction, Avante cancelled the acquisition of SSC in order to enter into an agreement to acquire Logixx. The transaction will be funded by SSC with cash on hand and without any dilution to SSC shareholders. The board of directors of SSC unanimously approved the transaction. The transaction is subject to receipt of all necessary regulatory approvals, including approval of the TSX venture exchange and approval of offer by target shareholders. Avante Logixx Inc. at a special meeting of shareholders held on May 30, 2022 shareholders approved the sale of all of the issued and outstanding common shares of the Company’s wholly-owned subsidiary, Logixx Security Inc., to SSC Security Services Corp. Transaction is expected to close within the next 60 days. As on May 30, 2022, the transaction is anticipated to be completed in the coming days. Patricia J.F. Warsaba of McKercher LLP acted as legal advisor to SSC. Paul Fitzgerald of Norton Rose Fulbright Canada LLP acted as legal advisor to Avante Logixx Inc. RSM Canada acted as Accountant to Avante Logixx and KPMG LLP (Canada) acted as Accountant to SSC Security Services Corp.
Upon completion of the sale of Logixx, SSC Security amended and restated the credit facilities with its bank to provide for a demand-based revolving credit facility of CAD 2 million plus arrangements for corporate visa and cash management requirements.
SSC Security Services Corp. (TSXV:SECU) completed the acquisition of Logixx Security Inc. from Avante Logixx Inc. (TSXV:XX) on June 1, 2022. Reported Earnings • May 18
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CA$5.50m (up 6.8% from 2Q 2021). Net loss: CA$284.6k (down 342% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • May 17
SSC Security Services Corp. Declares a Cash Dividend for the Quarter Ending June 30, 2022, Payable on July 15, 2022 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending June 30, 2022, representing $0.12 per share on an annualized basis. The dividend is payable on July 15, 2022 to shareholders of record on June 30, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Leo Laidley was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 15 April 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.2%. Within top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (0.5%). Reported Earnings • Feb 19
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: CA$0.02 loss per share (down from CA$0.042 profit in 1Q 2021). Revenue: CA$5.89m (up 21% from 1Q 2021). Net loss: CA$477.6k (down 165% from profit in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Feb 17
SSC Security Services Corp. Declares Cash Dividend for the Quarter Ending March 31, 2022, Payable on April 15, 2022 SSC Security Services Corp. announced that the Board of Directors has declared a cash dividend of $0.03 per common share for the quarter ending March 31, 2022, representing $0.12 per share on an annualized basis. The dividend is payable on April 15, 2022 to shareholders of record on March 31, 2022. Annuncio • Feb 10
SSC Security Services Corp. (TSXV:SECU) (SSC) entered into a definitive arrangement agreement to acquire Avante Logixx Inc. (TSXV:XX) for CAD 36.3 million. SSC Security Services Corp. (TSXV:SECU) (SSC) entered into a definitive arrangement agreement to acquire Avante Logixx Inc. (TSXV:XX) for CAD 36.3 million on February 9, 2022. Pursuant to the terms of the transaction, SSC has agreed to acquire all of the issued and outstanding common shares of Avante and holders of Avante shares will receive a combination of cash and common shares in the capital of SSC, CAD 0.52 per Avante Share in cash plus 0.4155 of an SSC Share for each Avante Share held. Based on the volume-weighted average price of the SSC shares on the TSX Venture Exchange for the 20 trading days ending on February 8, 2022, the share consideration has an implied value of approximately CAD 1.23 per Avante share which, when added to the cash consideration implies a total combined consideration of approximately CAD 1.75 per Avante share, or an aggregate equity value of approximately CAD 37.1 million. In addition, SSC will assume approximately CAD 9.4 million of Avante's senior funded debt, which excludes CAD 8.264 million of principal amount of unsecured convertible debentures held by certain subsidiaries of Fairfax Financial Holdings Limited. The consideration represents a 62% premium to the closing price of the Avante Shares on the TSXV as of February 8, 2022, and a 39% premium over the VWAP of the Avante Shares on the TSXV based on the 20 trading days ending on February 8, 2022. The cash consideration will be funded from SSC's current cash balance. Avante Logixx Inc.’s subsidiaries, Avante Security Inc. (ASI) and Logixx Security Inc. (LSI) will also become part of SSC and will continue to operate as it is. The combined company is expected to be owned approximately 70% by current holders of SSC Shares, and approximately 30% by Avante Shareholders. Craig Campbell, Avante's Chief Executive Officer, Craig has been invited to join the SSC Board upon closing of the Transaction. The SSC Board will increase in number from five directors to six.
The transaction is subject to approval from TSXV, majority of Avante shareholders, the Ontario Superior Court of Justice, among others. SSC's Board of Directors unanimously approved the transaction. Avante’s Special Committee and the Board unanimously approved the transaction the Board recommends Avante shareholders to vote in favor of the transaction. Certain Avante shareholders, directors and officers who collectively hold hold approximately 17% of the Avante shares, have entered into voting support agreements. The transaction is expected to be closed in the second calendar quarter of 2022. Canaccord Genuity Corp. acted as financial advisor and provided fairness opinion to Avante Board and the special committee. Imperial Capital, LLC acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Avante. McKercher LLP acted as legal advisor for SSC. Upcoming Dividend • Dec 23
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 17 January 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (2.4%). Reported Earnings • Dec 08
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CA$20.3m (down 21% from FY 2020). Net income: CA$1.89m (up CA$2.62m from FY 2020). Profit margin: 9.3% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 12
Lead Independent Director recently bought CA$52k worth of stock On the 8th of October, David Brown bought around 17k shares on-market at roughly CA$3.10 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$128k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 27% share price gain to CA$3.20, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 18x in the Food industry in Canada. Total returns to shareholders of 27% over the past three years. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 15 October 2021. Trailing yield: 4.8%. Within top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (2.2%). Reported Earnings • Aug 18
Third quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.019 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CA$4.36m (up 438% from 3Q 2020). Net income: CA$1.27m (up 19% from 3Q 2020). Profit margin: 29% (down from 132% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 4.7%. Within top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (2.2%). Reported Earnings • May 19
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$5.15m (down 51% from 2Q 2020). Net income: CA$117.4k (down 87% from 2Q 2020). Profit margin: 2.3% (down from 8.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annuncio • May 18
Input Capital Corp. Declares Cash Dividend for the Quarter Ending June 30, 2021, Payable on July 15, 2021 Input Capital Corp. announces that the Board of Directors has declared a cash dividend of $0.01 per common share for the quarter ending June 30, 2021, representing $0.04 per share on an annualized basis. The dividend is payable on July 15, 2021 to shareholders of record on June 30, 2021. Annuncio • Apr 09
Input Capital Corp. Victorious At Saskatchewan Court of Appeal Input Capital Corp. announced that the Saskatchewan Court of Appeal has ruled in Input's favour for a second time, overturning and setting aside several aspects of a Saskatchewan Court of Queen's Bench decision in 2018 related to a capital stream contract on which a farmer had defaulted. The Saskatchewan Court of Appeal previously ruled in Input's favour on this case in August 2019, after which the farmer applied for leave to appeal to the Supreme Court of Canada. Having recently ruled on a case referred to as Heller, which involved some similar legal principles, the Supreme Court sent Input's case back to the Saskatchewan Court of Appeal to examine in light of the Supreme Court's ruling in the Heller case. With this ruling, the Saskatchewan Court of Appeal has once again validated Input's streaming contracts and related security as valid and fair. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 15 April 2021. Trailing yield: 4.2%. Lower than top quartile of Canadian dividend payers (4.8%). Higher than average of industry peers (2.1%). Recent Insider Transactions • Feb 27
Lead Independent Director recently bought CA$77k worth of stock On the 24th of February, David Brown bought around 80k shares on-market at roughly CA$0.96 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.