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Posted On: 05/02/2022 1:38:38 PM
Post# of 25498
$SEBFF SEB Reports Q1/2022 Results
https://www.globenewswire.com/news-release/20...sults.html
First Quarter 2022 Highlights:
Consolidated:
Revenue: Grew 11.7% to $16.0M versus $14.3M in Q1/2021
Adjusted EBITDA: $57,784 versus $670,120 in Q1/2021
Eight consecutive quarter of positive Adjusted EBITDA.
Benefits Solutions:
Revenue: $4.6M versus $4.2M in Q1/2021
Adjusted EBITDA: Positive $0.2M versus $0.3M in Q1/2021
EBITDA: $0.2M versus $0.1M in Q1/2021
Technology Services:
Revenue: $11.7M versus $10.6M in Q1/2021.
Adjusted EBITDA: Positive $0.5M versus $1.0M in Q1/2021.
EBITDA: $0.4M versus $0.9M in Q1/2021.
Over 65% of year-to-date revenues come from clients with more than 5-year histories with the Company.
With over $205.0M of contract wins in the last 16-months and over $470.0M of total contract value, management expects increased Revenue for the full fiscal 2022 with increased Adjusted EBITDA and EBITDA. SEB’s first quarter is typically the weakest quarter of the year with approximately 10 less billing days.
https://www.globenewswire.com/news-release/20...sults.html
First Quarter 2022 Highlights:
Consolidated:
Revenue: Grew 11.7% to $16.0M versus $14.3M in Q1/2021
Adjusted EBITDA: $57,784 versus $670,120 in Q1/2021
Eight consecutive quarter of positive Adjusted EBITDA.
Benefits Solutions:
Revenue: $4.6M versus $4.2M in Q1/2021
Adjusted EBITDA: Positive $0.2M versus $0.3M in Q1/2021
EBITDA: $0.2M versus $0.1M in Q1/2021
Technology Services:
Revenue: $11.7M versus $10.6M in Q1/2021.
Adjusted EBITDA: Positive $0.5M versus $1.0M in Q1/2021.
EBITDA: $0.4M versus $0.9M in Q1/2021.
Over 65% of year-to-date revenues come from clients with more than 5-year histories with the Company.
With over $205.0M of contract wins in the last 16-months and over $470.0M of total contract value, management expects increased Revenue for the full fiscal 2022 with increased Adjusted EBITDA and EBITDA. SEB’s first quarter is typically the weakest quarter of the year with approximately 10 less billing days.
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