• Fourth quarter 2014 (“Q4”) Revenues of $80.4 million, Q4 Gross Profit of $18.7 million and Q4 Net Income of $1.6 million
• Q4 Adjusted EBITDA of $6.2 million (See Table 2 and “Non-GAAP Measures” below)
2014
• 2014 (“YTD”) Revenues of $313.2 million, YTD Gross Profit of $74.6 million and YTD Net Income of $4.5 million
• YTD Adjusted EBITDA of $22.5 million (See Table 2 and “Non-GAAP Measures” below)
Brampton, Ontario – March 5, 2015 – DATA Group Ltd. (TSX: DGI) (“DATA Group”) announced its consolidated financial and
operating results for the fourth quarter and the year ended December 31, 2014.
DATA Group earned net income of $4.5 million or $0.19 per share in the year ended December 31, 2014 versus a loss in
the prior year. DATA Group is encouraged by its results in the second half of 2014 as revenue increased by 1.4% and Adjusted
EBITDA stabilized compared to the same period in 2013.
Debt Reduction
During the year, DATA Group repaid $6.5 million of debt, bringing its total debt including its convertible debentures to $90.1 million.
During the fourth quarter, we extended the term of our senior debt credit facilities to August 31, 2016.
Revenue Stabilization/Growth
Our intent in 2014 was to stabilize our revenue and position ourselves for longer term revenue growth. During 2014, DATA Group
had revenues of $313.2 million, a 1.2% decline from 2013. Our revenues included strong growth from our U.S. customers. During
the second half of 2014 overall revenue grew by 1.4% compared to the same period in 2013. We continue with our plans to;
• Add new sales talent
• Win market share in our traditional print business
• Invest in the key growth areas we have identified; labels, marketing print and digital communications
• Bundling our digital services with our print offerings
• Expand our U.S. revenue
More...
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032678
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