CALGARY, March 17, 2015 – Solium Capital Inc. (“Solium” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2014.

  • Revenue increased by 16% year over year
  • Adjusted EBITDA increased by 14% year over year
  • Cash position strong at $57.7 million

Financial and operating highlights for the fourth quarter and year ended December 31, 2014:

  • Revenue increased by 7% to $18.7 million for the fourth quarter of 2014 and by 16% to $79.1 million for the year ended December 31, 2014;
  • Earnings from operations decreased by 22% to $2.0 million for the fourth quarter of 2014 and increased by 23% to $14.7 million for the year ended December 31, 2014;
  • Adjusted EBITDA1 decreased by 26% to $2.9 million in the fourth quarter of 2014 and increased by 14% to $19.2 million in the year ended December 31, 2014;
  • Net earnings decreased by 59% to $1.0 million in the fourth quarter of 2014 and increased by 11% to $9.6 million in the year ended December 31, 2014;
  • Cash on hand and short term investments as at December 31, 2014 totaled $57.7 million with no debt on the balance sheet;

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