CALGARY, March 17, 2015 - Solium Capital Inc. ("Solium" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2014.
- Revenue increased by 16% year over year
- Adjusted EBITDA increased by 14% year over year
- Cash position strong at $57.7 million
Financial and operating highlights for the fourth quarter and year ended December 31, 2014:
- Revenue increased by 7% to $18.7 million for the fourth quarter of 2014 and by 16% to $79.1 million for the year ended December 31, 2014;
- Earnings from operations decreased by 22% to $2.0 million for the fourth quarter of 2014 and increased by 23% to $14.7 million for the year ended December 31, 2014;
- Adjusted EBITDA1 decreased by 26% to $2.9 million in the fourth quarter of 2014 and increased by 14% to $19.2 million in the year ended December 31, 2014;
- Net earnings decreased by 59% to $1.0 million in the fourth quarter of 2014 and increased by 11% to $9.6 million in the year ended December 31, 2014;
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Cash on hand and short term investments as at December 31, 2014 totaled $57.7 million with no debt on the balance sheet;
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