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]