Picture of Emerge Commerce logo

ECOM — Emerge Commerce News Story

0.000.00%
ca flag iconLast trade - 00:00
TechnologySpeculativeMicro CapNeutral

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.)

Recent news on Emerge Commerce

See all news