ECN Capital Reports US ($0.05) in Adjusted Net (Loss) per Common Share in Q4-2023
TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2023.
- TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2023.
- For the three-month period ended December 31, 2023, ECN Capital reported Adjusted net (loss) applicable to common shareholders from continuing operations of ($13.5) million or ($0.05) per share (basic) versus $0.5 million or $0.00 per share (basic) for the previous three-month period and $4.1 million or $0.02 per share (basic) for the same period last year.
- Adjusted EBITDA for the three-month period ended December 31, 2023 was $5.5 million versus $24.1 million for the previous three-month period and $24.6 million for the same period last year.
- ECN Capital also announced today that Michael Lepore, Chief Financial Officer, is stepping down effective March 31, 2024.