Quorum Reports Q3 2021 and YTD Financial Results
Record total revenue of $ 9.2 million at a growth rate of 14% $ 6.6 million in recurring SaaS revenue $ 2.4 million in recurring service revenue Adjusted EBITDA 1 Margin of 16% CALGARY, Alberta, Nov. 24, 2021 (GLOBE NEWSWIRE) - Quorum Information Technologies Inc. (QIS: TSXV) (QuorumInformationSystems.com), a SaaS software and services company that provides basic software that vehicle dealers can use for the Operating across North America, released third quarter 2021 today and current financial results for the third quarter ended September 30, 2021. Financial references are in Canadian dollars unless otherwise noted. Please refer to the MD&A and financial reports published on SEDAR for non-IFRS measures and risk factors. "We are pleased to report record total revenues and are pleased with our overall revenue growth for this quarter, which was well balanced between adding new rooftops and cross-selling new software and services to existing customers," said CEO