Q3 2022 Data Communications Management Corp Pre-Recorded Earnings Presentation Transcript

Nov 08, 2022 / NTS GMT

Release Date Price: $1.02

Transcript

Richard Clarence Kellam

DATA Communications Management Corp. - President, CEO & Director

I'm happy to report that positive momentum continues in our business with strong quarter 3 results. Revenue grew more than 11% on the quarter to just over $63 million.

We have now delivered 3 sequential quarters of year-over-year growth, bringing our year-to-date revenue up just over 15%.

This growth has been driven by a combination of expansion revenue with existing clients and new business wins of over $30 million through the year.

Our team's focused efforts at managing a highly volatile raw material market are paying off. Gross profit grew at a faster rate than revenue, bringing our gross margin on the quarter to over 31% and year-to-date on target of north of 30%.

We also continued to improve productivity

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