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Ciscom Corp. ( (TSE:CISC) ) has issued an announcement.
Ciscom Corp. announced that a significant client, contributing 15.7% to its gross profit in 2024, has filed for protection under the Companies’ Creditors Arrangement Act. Despite this setback, Ciscom maintains strong relationships with banking partners and is focused on growth through new acquisitions and client-centric services. The company’s President and CEO, Michel Pepin, highlighted the challenges posed by the economic stress in the retail industry and potential trade disputes with the USA, but expressed confidence in exploring new revenue opportunities. Ciscom’s strategic focus on operational excellence and revenue diversification positions it as a resilient player in the ICT sector.
More about Ciscom Corp.
Ciscom Corp. is a company that invests in, acquires, and manages leading companies within the Information and Communication Technology (ICT) sector, with a focus on AdTech and MarTech. The company targets small and medium enterprises with proven profitability, enhancing shareholder value through strategic acquisitions. Ciscom is known for its data-driven marketing and omni-media solutions, optimizing advertising spend across platforms for high ROI and customer engagement. It became an issuer on the CSE in June 2023 and on the OTCQB in October 2023, and operates through its subsidiaries, Market Focus Direct and Prospect Media Group.
YTD Price Performance: 10.0%
Average Trading Volume: 106,319
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on CISC stock on TipRanks’ Stock Analysis page.
