CALGARY, May 9, 2018 — Solium Capital Inc. (TSX: SUM) (“Solium” or the “Company”) today announced its financial results for the first quarter ended March 31, 2018.

Financial and operating highlights for the first quarter ended March 31, 2018, compared to the same period in 2017:

  • Revenue increased by 23% to $26.1 million for the first quarter of 2018;
  • Adjusted EBITDA decreased by 30% to $3.5 million in the first quarter of 2018;
  • Earnings from operations decreased by 77% to $0.8 million for the first quarter of 2018;
  • Net earnings decreased by 50% to $1.3 million in the first quarter of 2018; and
  • Cash on hand as at March 31, 2018 totaled $87.0

 

Key factors affecting the results in the quarter ended March 31, 2018:

  • License revenue – License and subscription fees increased by $3.5 million or 27% during the first quarter of 2018, as compared to the same period in Based on local currencies, the growth was 22% as compared to 2017. Growth in license revenue is largely driven by the U.S. white label agreements, organic growth from new sales in all regions, revenue from the acquired Capshare business and migration of customers from NASDAQ Private Market, LLC to Solium.
  • Transaction activity – In addition to the recurring license revenue that Solium collects for the use of its Shareworks platform, the Company also collects re-occurring transaction based revenue. Transaction based revenue increased by $1.0 million or 14% during the first quarter of 2018, as compared to the same period in 2017. The per-participant trading activity was 3% higher in the first quarter of 2018 compared to the same period in 2017 and 7% higher than the historical five-year Q1
  • Operating costs – Operating expenses increased by $7.5 million or 42% during the first quarter of 2018, as compared to the same period in The increase is primarily as a result of planned hiring to support the

U.S. white label agreements and the acquisition of Capshare. The Company had 713 full-time equivalent employees (FTEs) at the end of the first quarter of 2018 compared to 553 FTEs at the end of the first quarter of 2017.

 

Acquisition:

  • In February 2018, the Company acquired Advanced-HR, a U.S. company that provides compensation data and compensation planning software for private and venture backed companies. Advanced-HR provides compensation data through its products OptionDriver and OptionImpact to over 2,500 private companies and 120 venture capital

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