CALGARY, March 15, 2016 — Solium Capital Inc. (“Solium” or the “Company”) today announced its financial results for the fourth quarter ended December 31, 2015.

  • Revenue increased by 17% year over year
  • Adjusted EBITDA decreased by 9% year over year
  • Cash position strong at $73.0 million

Financial and operating highlights for the fourth quarter and year ended December 31, 2015:

  • Revenue increased by 21% to $22.6 million for the fourth quarter of 2015 and by 17% to $92.6 million for the year ended December 31, 2015;
  • Earnings from operations decreased by 17% to $1.7 million for the fourth quarter of 2015 and decreased by 12% to $12.9 million for the year ended December 31, 2015;
  • Adjusted EBITDA decreased by 5% to $2.8 million in the fourth quarter of 2015 and decreased by 9% to $17.5 million in the year ended December 31, 2015;
  • Net earnings increased by 76% to $1.8 million in the fourth quarter of 2015 and increased by 11% to $10.7 million in the year ended December 31, 2015; and
  • Cash on hand as at December 31, 2015 totaled $73.0 million with no debt on the balance sheet.

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