Canada's EMERGE Commerce prelim Q3 revenue rises 5%
Canada's EMERGE Commerce prelim Q3 revenue rises 5%
Overview
Canada e-commerce brand operator's preliminary Q3 revenue up 5% yr/yr to C$7.4 mln
Preliminary Q3 adjusted EBITDA expected to rise 20% yr/yr
Company reports improved gross margin and recent refinancing lowered interest rate
Outlook
Company did not provide specific guidance for future quarters or full-year results
Result Drivers
GROSS MARGIN IMPROVEMENT - Co said preliminary Q3 gross margin is expected to rise to 38% from 34% yr/yr
REFINANCING IMPACT - Co highlighted a recently completed 7-year refinancing that lowered its interest rate from 11.0% to 7.3%
Company press release: ID:nCNWV1xjFa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Prelim Revenue |
| C$7.40 mln |
|
Reuters Recommended Reads
Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr
Oct 20 - Singapore's Karooooo Q2 subscription revenue rises 20%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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