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Earnings

Quorum Announces Q3 2025 Results

By The Northwire Desk — AI Analysis Nov 19, 2025 · 17:00 QIS · 0.79 Quorum Information Technologies Inc.
QIS · Price

Executive Summary

  • Quorum reported Q3 2025 results showing cash EBITDA growth to $1.51 M (up 1% YoY) and a modest 2% organic increase in recurring revenue.
  • The company announced it has entered into a definitive agreement for an acquisition by an affiliate of Valsoft Corporation, with the Purchaser offering $0.80 per share in cash; closing is expected in Q4 2025 pending shareholder, court and third‑party approvals.
  • Quorum will seek delisting from the TSX‑V and cease reporting under Canadian securities laws upon completion of the transaction.

Key Details

  • Financial Highlights (Q3 2025 vs. Q3 2024):
  • Total revenue: $10,006,672 (+1%)
  • SaaS revenue: $7,177,707 (‑1%)
  • BDC revenue: $2,692,912 (+10%)
  • Gross margin: $4,988,805 (+1%) – 50% of revenue
  • Adjusted EBITDA: $1,929,773 (‑14%)
  • Cash EBITDA: $1,510,969 (+1%) – 15% margin

  • Net income per share: $0.004 (down from $0.011)

  • Organic Growth: Recurring revenue increased 2% YoY to $9,870,619.

  • Debt Repayment: Post‑quarter, an additional $0.4 M was paid down on the BDC Capital Mezzanine Loan Facility.

  • Acquisition Terms:

  • Purchaser: Affiliate of Valsoft Corporation Inc.
  • Consideration: $0.80 cash per share for all issued and outstanding common shares.
  • Structure: Statutory plan of arrangement, subject to shareholder approval, Alberta Court of King’s Bench approval, required third‑party consents, and customary closing conditions.
  • Termination fee: $2.2 M payable by the Purchaser if the Arrangement Agreement is terminated under specified circumstances.

  • Expected close: Q4 2025.

  • Post‑Closing Actions: Quorum will apply to delist from the TSX‑V and cease to be a reporting issuer under Canadian securities laws; no financing condition attached to the transaction.

  • Conference Call: Management (President & CEO Maury Marks; CFO Marilyn Bown) presented results on Thursday, 20 Nov 2025 at 11:00 am MT (1:00 pm ET). Replay and investor presentation available on the company website.

Notable Quotes

“Quorum delivered its second consecutive quarter of Cash EBITDA growth… We are also pleased to announce that subsequent to September 30, 2025, we paid down an additional $0.4 million on our BDC Capital Mezzanine Loan Facility.” – Maury Marks, President & CEO

“Valsoft is the ideal partner for Quorum, bringing long‑term investment and a collaborative approach that empowers our team to continue delivering exceptional service to our customers.” – Maury Marks, President & CEO

Read the original news release →

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