Farms.com Home   News

SSC Security Services Corp. Reports Second Quarter Results with Improved Margins, Consistent Adjusted EBTIDA, and Continued Share Buybacks

REGINA, SK, - SSC Security Services Corp. ("SSC" or the "Company) (TSXV: SECU) (OTCQX: SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada, is pleased to release its results for the second quarter ended March 31, 2025. All figures are presented in Canadian dollars. 

"Our second quarter results came in as expected. We are seeing improved profitability from stronger margins as a result of careful expense management. While our year over year comparative revenue shows a slight decline from last year, this is simply because we secured fewer temporary contracts during this quarter versus that seen in Q2 2024. The good news is our gross margin has continued to strengthen, and our base business of recurring revenue continues to grow profitably. We like it when temporary contracts come in the door and they add nicely to our top line picture, however more important is strong operational management and gross margin growth within our baseline recurring monthly revenue. The size and scale of our operations nicely positions us for the temporary opportunities when they do arise. In addition, we continue to buy back our shares and take a disciplined approach to acquisitions. Our objective is always to protect our cash and be opportunistic in our efforts to grow the Company. We continue to be well capitalised and debt free," said Chairman and CEO Doug Emsley.

Click here to see more...

Trending Video

From Chef to Farmer with Jamie Swofford of Old North Farm

Video: From Chef to Farmer with Jamie Swofford of Old North Farm

We cover: we chat with Jamie Swofford of Old North Farm and Old North Shrub to chat about the farm he owns with his partner Keia, his transition from chef to farmer, selling to chefs, and much much more.