Q1 2023 Data Communications Management Corp Earnings Presentation - Pre-Recorded Transcript

May 11, 2023 / NTS GMT

Release Date Price: $2.12 (-9.79%)

Transcript

Richard Clarence Kellam

DATA Communications Management Corp. - President, CEO & Director

As we continue our journey building a better and a bigger business, I'm pleased to report a very eventful first quarter of 2023. The quarter was highlighted by the continued strong performance of the DCM business and the great progress we made completing the acquisition of RRD Canada.

Total revenue was $76.1 million in the quarter, an increase of just under 10% versus last year. Importantly, this marked our sixth sequential quarter of year-over-year revenue growth. Gross profit increased by 16.3% compared to the prior year, marking the fourth consecutive quarter that gross profit grew at a faster pace than revenue. This helped us deliver a gross profit margin of 31.1% in the quarter, up nearly 2 percentage points versus 2022.

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