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Day: April 22, 2021

Quorum Announces 2020 Results

Written by Customer Service on . Posted in Public Companies.

Software as a Service (“SaaS”) revenue of $22.1 millionBusiness Development Centre (“BDC”) revenue of $7.5 millionAdjusted EBITDA1of $4.9 million CALGARY, Alberta, April 21, 2021 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX Venture: QIS) (“Quorum”), a leading provider of innovative and robust technology solutions and services to traditional and electric vehicle dealerships and Original Equipment Manufacturers (“OEM”) across North America, released its results for 2020 today. “COVID-19 presented a number of challenges in 2020 for the automotive industry. Despite the challenges, Quorum had a strong year posting a record Adjusted EBITDA1,” stated Maury Marks, President and CEO. “One-time, COVID-19 related Q2 customer discounts of $1.5 and $0.2 million for SaaS and BDC respectively resulted in...

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