An announcement from Calian Group Ltd. ( (TSE:CGY) ) is now available.
Calian Group Ltd. reported its highest first-quarter revenue on record with a 3% increase to $185 million, despite a decline in organic growth offset by acquisitions. The company faces a reduction in profitability due to increased operational expenses and amortization charges, but remains optimistic about its future prospects, driven by global demand for defence solutions and potential increased military investment in Canada.
More about Calian Group Ltd.
Calian Group Ltd. is a diverse company offering innovative solutions in healthcare, communications, learning, and cybersecurity sectors. The company has a market focus on expanding its footprint in the global defence industry, particularly through its new U.S. subsidiary aimed at U.S. government and defence contracts.
YTD Price Performance: 3.41%
Average Trading Volume: 35,948
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$583.4M
For an in-depth examination of CGY stock, go to TipRanks’ Stock Analysis page.