Second consecutive quarter of Cash EBITDA1 growth CALGARY, Alberta, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) (“Quorum”), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on for their operations, released its results today for the third quarter of 2025, ended September 30, 2025. Financial references are expressed in Canadian dollars unless other ...

CALGARY, Alberta, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) (“Quorum”), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on for their operations, intends to release its Q3 2025 Results after markets close on Wednesday, November 19, 2025. Maury Marks, President and Chief Executive Officer, and Marilyn Bown, Chief Financial Officer, will present t ...

Core Points - Quorum Information Technologies Inc. has filed its management information circular and related proxy materials for a special meeting of shareholders scheduled for November 26, 2025 [1][2] - The meeting will involve a special resolution to approve a statutory plan of arrangement with 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc. [2] - The Board of Directors unanimously recommends that shareholders vote in favor of the Arrangement Resolution [3] Meeting Details - The special meeting will take place at 10:00 a.m. Mountain time at the Conference Centre, Manulife Place, Calgary, Alberta [1] - Mailing of meeting materials has commenced, and shareholders can access them on Quorum's corporate website and SEDAR+ [3] - Registered shareholders are encouraged to vote online or via email [4] Shareholder Guidance - Beneficial shareholders may experience delays in receiving meeting materials due to a Canada Post labor dispute and are advised to access materials electronically [5] - The deadline for submitting proxies or voting instruction forms is 10:00 a.m. Calgary time on November 24, 2025 [5] Company Overview - Quorum is a North American SaaS company providing essential enterprise solutions for automotive dealerships, including a Dealership Management System, DealerMine CRM, and digital retailing platforms [6] - The company is traded on the TSX Venture Exchange under the symbol QIS [7]

All outstanding common shares of Quorum to be acquired for $0.80 per share in an all-cash transaction The Board of Quorum has unanimously approved the transaction and recommends shareholders vote in favour Officers, directors and certain shareholders holding 50% of outstanding common shares have agreed to vote in support of the transaction CALGARY, Alberta, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) (“Quorum” or the “Company”), a North American SaaS Software and Se ...

Core Insights - Quorum Information Technologies Inc. reported its Q2 2025 financial results, highlighting a 3% increase in total revenue compared to Q2 2024, reaching $10.3 million [6] - The company achieved an Adjusted EBITDA of $1.8 million in Q2 2025, a decrease of 7% from the previous year [6][2] - Quorum's organic growth in recurring revenue was 3% during Q2 2025, indicating a stable demand for its services [2] Financial Performance - Total Revenue: $10,279,565 in Q2 2025, up 3% from $9,950,948 in Q2 2024 [6] - SaaS Revenue: $7,285,284 in Q2 2025, a 1% increase from $7,235,908 in Q2 2024 [6] - BDC Revenue: $2,726,479 in Q2 2025, an 11% increase from $2,453,293 in Q2 2024 [6] - Gross Margin: $5,036,271 in Q2 2025, a 2% increase from $4,927,762 in Q2 2024 [6] - Net Income: $395,377 in Q2 2025, a 2% increase from $388,966 in Q2 2024 [6] - Adjusted EBITDA Margin: 18% in Q2 2025, down from 20% in Q2 2024 [6] Debt Management - Quorum successfully paid off its Cash Flow Loan component of the BDC Capital Loan Facility, totaling $0.8 million during Q2 2025 [2] Management Commentary - The President and CEO expressed gratitude towards employees for their contributions to achieving the quarterly results and emphasized the importance of the integrated suite of software solutions in driving growth [2]

Core Viewpoint - Quorum Information Technologies Inc. is set to release its Q2 2025 results on August 27, 2025, with a conference call scheduled for August 28, 2025, to discuss the results and provide insights into the company's performance [1][2]. Company Overview - Quorum is a North American SaaS Software and Services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers (OEMs) [1][3]. - The company offers a range of products including: - Dealership Management System (DMS) that automates and integrates key processes across dealership departments [4]. - DealerMine CRM, which drives revenue into sales and service departments [4]. - Autovance, a retailing platform that enhances dealership efficiency and customer satisfaction [4]. - Accessible Accessories, a platform for increasing vehicle accessories revenue [4]. - VINN Automotive, a marketplace that streamlines vehicle research and purchase processes [4]. Upcoming Events - The Q2 2025 results will be presented by Maury Marks, President and CEO, and Marilyn Bown, CFO, during a conference call on August 28, 2025, at 9:00 am MT (11:00 am ET) [2]. - An updated Investor Presentation, along with a replay and transcripts of the conference call, will be available on the company's website [2].

Core Insights - Quorum Information Technologies Inc. reported consistent revenue growth in Q1 2025 despite challenges in the North American automotive industry due to tariffs [2] - The company achieved an Adjusted EBITDA margin of 15% and a Cash EBITDA margin of 10% in Q1 2025, indicating a focus on profitable growth [2] - Quorum implemented $1.3 million in annual savings expected to be fully realized by Q3 2025, contributing to its financial strategy [2] Financial Performance - Total revenue for Q1 2025 was $10,154,768, a 1% increase from $10,062,791 in Q1 2024 [6] - SaaS revenue rose by 1% to $7,232,390 compared to $7,196,236 in Q1 2024 [6] - BDC revenue increased by 4% to $2,610,657 from $2,513,570 in Q1 2024 [6] - Recurring revenue grew by 1% to $9,843,047, up from $9,709,806 in Q1 2024 [6] - Gross margin decreased by 5% to $4,825,306, with a gross margin percentage of 48% compared to 51% in Q1 2024 [6] - Net income fell by 95% to $52,533 from $1,123,921 in Q1 2024, resulting in a net income per share of $0.001 [6] - Adjusted EBITDA was $1,522,635, a decrease of 29% from $2,141,695 in Q1 2024, with an Adjusted EBITDA margin of 15% [6] - Cash EBITDA was $1,020,628, down 27% from $1,396,262 in Q1 2024, with a Cash EBITDA margin of 10% [7] Management and Governance - Steve Hammond was appointed to the Board of Directors, replacing Scot Eisenfelder, who served for 16 years [8] - The company acknowledged the contributions of Scot Eisenfelder in shaping its strategic direction and success [9] Upcoming Events - A conference call to discuss Q1 2025 results is scheduled for May 29, 2025, at 11:00 am MT (1:00 pm ET) [9]