The earnings call highlighted significant positive trends in GMS growth, revenue increase, and improved profitability metrics, complemented by a strong debt reduction strategy. However, the continued negative adjusted EBITDA and net loss from operations indicate areas needing further improvement. Overall, the positive aspects and strategic shifts outweigh the negatives.

Company Guidance

During the Q3 2024 earnings call for EMERGE Commerce, CEO Ghassan Halazon and CFO Kyle Burt-Gerrans provided a comprehensive overview of the company's financial performance and strategic direction. Key highlights included a 10% increase in gross merchandise sales (GMS) year-over-year, reaching $7.4 million, and a 5% rise in revenue to $4.6 million. Excluding the Carnivore Club, revenue grew by 8%. The company reported a gross profit increase of over 6% to $1.8 million, with gross margins improving to 39.3%. Adjusted EBITDA losses were reduced by approximately half compared to the previous year, coming in at negative $280,000. Additionally, EMERGE achieved significant debt reduction, bringing net debt down to $5.5 million after a $10 million debt paydown. The company also implemented cost reductions expected to yield $500,000 in annual savings, which will be fully realized in 2025. These efforts underscore EMERGE's focus on organic growth, operational efficiency, and enhanced profitability as they transition into the new year.

Gross Merchandise Sales (GMS) Growth

GMS accelerated to 10% organic growth year-over-year, reaching $7.4 million in Q3 2024 compared to $6.8 million in Q3 2023.

Revenue Increase

Revenue increased to $4.6 million in Q3 2024 from $4.4 million in Q3 2023, marking a 5% increase. Excluding Carnivore Club, revenue grew approximately 8%.

Improvement in Gross Margin

Gross margin improved to 39.3% in Q3 2024 from 38.9% in Q3 2023, driven by initiatives like price increases and renegotiated vendor costs.

Reduction in Adjusted EBITDA Losses

Adjusted EBITDA losses reduced to $280,000 in Q3 2024 from $560,000 in Q3 2023, attributed to revenue growth, improved gross margin, and reduced expenses.

Debt Reduction and Improved Financial Standing

Senior debt facility reduced to $5.85 million from $15.85 million, with a net debt position approaching $5.5 million, down from $27.8 million.

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Emerge Commerce Ltd (TSE:ECOM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:ECOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 17, 2020	2020 (Q3)	- / -0.02	-0.024	16.67% (<+0.01)	―	―
Apr 22, 2021	2020 (Q4)	-0.01 / -0.02	-0.015	-33.33% (>-0.01)	―	―
May 27, 2021	2021 (Q1)	- / -	-0.015	―	―	―
Aug 30, 2021	2021 (Q2)	-0.01 / -0.02	-0.109	81.65% (+0.09)	―	―
Nov 29, 2021	2021 (Q3)	-0.01 / -0.01	-0.02	50.00% (+0.01)	―	―
May 02, 2022	2021 (Q4)	-0.01 / -0.03	-0.02	-50.00% (>-0.01)	―	―
May 30, 2022	2022 (Q1)	- / -	-0.02	―	―	―
Aug 25, 2022	2022 (Q2)	-0.01 / -0.01	-0.02	50.00% (+0.01)	―	―
Nov 29, 2022	2022 (Q3)	-0.01 / 0.02	-0.01	300.00% (+0.03)	―	―
Apr 27, 2023	2022 (Q4)	-0.02 / -0.02	-0.03	33.33% (<+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:ECOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 28, 2024	C$0.04	C$0.04	0.00%
Aug 27, 2024	C$0.06	C$0.06	0.00%
May 28, 2024	C$0.04	C$0.04	0.00%
Apr 29, 2024	C$0.05	C$0.04	-20.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Emerge Commerce Ltd (TSE:ECOM) report earnings?

Emerge Commerce Ltd (TSE:ECOM) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.

What is Emerge Commerce Ltd (TSE:ECOM) earnings time?

Emerge Commerce Ltd (TSE:ECOM) earnings time is at May 05, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ECOM EPS forecast?

Currently, no data Available

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