In a recent Investor.Coffee interview with host Tracy Weslosky, Ciscom Corp.’s (CSE: CISC | OTCQB: CISCF) President and CFO Michel Pepin shared insights into Ciscom’s strong revenue growth for 2023 and strategic initiatives moving forward. Michel proudly announced that Ciscom achieved a 95.9% increase in revenue in 2023, growing from $14.766 million to $35.014 million. This growth was also reflected in their gross profit, which rose from $2.785 million to $6.772 million, marking a 143.2% increase.

Michel attributed this success to the dedicated efforts of the Ciscom team and the company’s robust and profitable business model. Central to this model is a client-centric approach, a strategic focus, minimization of overhead costs, and investment in future opportunities. Michel also shared Ciscom’s ambitious acquisition plans. Targeting one to two acquisitions annually, Ciscom is currently exploring a potential third acquisition for 2024. He stressed the importance of strategic alignment and rigorous due diligence in their acquisition process to ensure that they are accretive to Ciscom.

To bolster its leadership and operational capabilities, Ciscom announced the appointment of Sheri Rogers as the EVP Managing Director of Prospect Media Group (PMG), one of its key subsidiaries. Michel shared that Sheri brings a wealth of experience and a track record of success in leading major agencies and client portfolios.

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About Ciscom Corp.

Ciscom Corp. is a Canadian company investing, acquiring, and managing companies in the ICT sector. Potential acquisition targets are entrepreneurs seeking equity, transition, or that do not have a defined succession plan. Target companies are generally substantial SMEs and have a proven track record/history of profitability.

With this approach Ciscom enables owners/founders to crystalize their equity, while remaining active in the business. Consequently, acquisitions are immediately accretive to shareholders’ value.

To learn more about Ciscom Corp., click here

Disclaimer: Ciscom Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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In a remarkable financial turnaround, Ciscom Corp. (CSE: CISC), a leader in the Information, Communication, and Technology (ICT) sector, has recently announced its Q3 2023 earnings, showcasing a period of significant growth and positive results. The acquisition of PMG, a key player in AdTech/MarTech, has been a catalyst in this upward trajectory, reflecting a strategic move by Ciscom in expanding its market reach.

Stellar Financial Performance

Ciscom’s year-to-date results up to September 30, 2023, reveal a staggering sales increase of 929%, totaling $21.5M, compared to the $2.1M reported in the previous year. This leap is largely attributed to the PMG acquisition, which was finalized on September 30, 2022. Adjusting for this acquisition (on a pro-forma basis), the sales still show an impressive 1.5% increase.

The gross profit for the same period rose to $4.2M, a 967% increase compared to the prior year. This improvement is linked to the company’s strategic decision to retire low-margin projects, thus enhancing overall profitability.

Despite the challenging economic climate affecting the retail sector, Ciscom has demonstrated resilience and adaptability. The company managed to increase its sales and gross profit, a testament to its robust business model and strategic focus.

Reduction in Net Loss and Optimized Cash Flow

For Q3 2023, Ciscom reported a reduced net loss of $30k, a significant improvement from the $720k net loss in the same quarter of 2022. This reduction is noteworthy, considering the restructuring costs and non-recurring expenses the company faced during this period.

On a cash basis, the company’s performance is even more impressive, with a net income of $107k for the nine months ending September 30, 2023, in stark contrast to the net loss of $782k in the previous year. The normalized operating profit (EBITDA) stood at $986k, marking a remarkable year-over-year improvement of $1,365k.

Strategic Acquisitions and Technological Advancements

Ciscom’s strategic focus extends beyond financial growth. The company has made significant strides in the ICT sector, with its first two acquisitions in the AdTech/MarTech sector. These acquisitions have positioned Ciscom at the forefront of big data, analytics, and technology, enhancing its competitive edge.

On October 17, 2023, Ciscom terminated its agreement with Hummingbird Capital Inc., reflecting its dynamic and adaptable corporate strategy. This decision aligns with Ciscom’s broader vision of nurturing and expanding its portfolio through selective acquisitions and investments.

Future Outlook

Ciscom’s President and CFO, Michel Pepin, expresses confidence in the company’s trajectory, highlighting the collective effort of the team and the solid business foundation. The company’s focus on organic and acquisition-based growth, coupled with its proprietary technology, continues to drive its market relevance and competitiveness.

Conclusion

Ciscom’s Q3 2023 earnings release is a clear indicator of the company’s robust financial health and strategic positioning in the ICT sector. With its focused approach on growth, technological advancement, and strategic acquisitions, Ciscom is well on its way to solidifying its presence as a leader in the industry. The future looks bright for Ciscom, its stakeholders, and its clientele.

For more insights and information on Ciscom Corp, visit their website at www.ciscomcorp.com.

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This is a summary of Ciscom Corp’s Q3 2023 earnings and strategic updates. For detailed information and disclosures, please refer to the company’s official communications and financial statements.

In a recent InvestorIntel interview, Tracy Weslosky spoke with Michel Pepin, President and CFO of Ciscom Corp. about acquiring companies in the Information and Communication Technology (ICT) space with a strong revenue stream.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Michel Pepin said that Ciscom has signed a share purchase agreement to acquire marketing technology company, Prospect Media Group, which had revenue of about $30 million in 2021. He added that Prospect Media Group will be Ciscom’s second acquisition having successfully closed the acquisition of their first company last year. He went on to provide an update on Ciscom’s private placement to finance the acquisition.

To watch the full interview, click here.

About Ciscom Corp.

Ciscom is a ‘Roll-Up’ company active in the ICT (Information and Communication Technology) and focused on technology driven marketing/advertising, documents processing and content management organizations. All having complementarity of activities, and implementing significant synergies and leverages at all levels (Sales, expenses, financial, operations and management). Ciscom is a long-term investor. It buys and holds, and works with management teams to grow portcos.