CALGARY, Nov. 4, 2014 /CNW/ – Solium Capital Inc. (“Solium” or the “Company”) today announced its financial results for the third quarter ended September 30, 2014.

  • Revenue increased by 11%
  • Adjusted EBITDA decreased by 19%
  • Cash position strong at $55.3 million

Financial and operating highlights for the three and nine month periods ended September 30, 2014:

  • Revenue increased by 11% to $18.7 million in the third quarter of 2014 and by 19% to $60.5 million for the nine month period ended September 30, 2014;
  • Earnings from operations decreased by 26% to $2.5 million in the third quarter of 2014 and increased by 36% to $12.7 million for the nine month period ended September 30, 2014;
  • Adjusted EBITDA1 decreased by 19% to $3.7 million in the third quarter of 2014 and increased by 26% to $16.3 million in the nine month period ended September 30, 2014;
  • Net earnings decreased by 27% to $1.6 million in the third quarter of 2014 and increased by 39% to $8.6 million in the nine month period ended September 30, 2014; and
  • Cash and short-term investments as at September 30, 2014 totaled $55.3 million.

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