CALGARY, May 5, 2015 /CNW/ – Solium Capital Inc. (“Solium” or the “Company”) today announced its financial results for the first quarter ended March 31, 2015. Financial and operating highlights for the first quarter ended March 31, 2015:

  • Revenue increased by 13%
  • Adjusted EBITDA decreased by 11%
  • Cash position strong at $57.8 million

Financial and operating highlights for the first quarter ended March 31, 2015:

  • Revenue increased by 13% to $24.6 million in the first quarter of 2015;
  • Adjusted EBITDA decreased by 11% to $6.4 million in the first quarter of 2015;
  • Earnings from operations decreased by 12% to $5.3 million in the first quarter of 2015;
  • Net earnings decreased by 5% to $4.3 million in the first quarter of 2015;
  • Cash on hand and short-term investments as at March 31, 2015 totaled $57.8 million;

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