Quorum Information Technologies Sees Growth in Latest Results

Quorum Information Technologies Reports Strong Q2 Results

Quorum Information Technologies Inc. (TSXV: QIS) has announced its financial results for the second quarter of 2025. This North American SaaS company specializes in essential enterprise solutions tailored for automotive dealerships and Original Equipment Manufacturers (OEMs). The results were disclosed in a press release describing the company's performance through the end of June 2025, and all financial figures are in Canadian dollars unless stated otherwise.

Highlights from Q2 2025 Financial Performance

During the second quarter of 2025, Quorum experienced a notable increase in Adjusted EBITDA, which rose to $1.8 million from $1.5 million in Q1 2025. In addition, the company observed a 3% organic growth in recurring revenue for this period, which is quite an achievement amidst the competitive landscape of software services. Furthermore, Quorum successfully repaid the last $0.8 million of its Cash Flow Loan component.

CEO Remarks on Company Growth

The President and CEO, Maury Marks, expressed his satisfaction regarding these results, attributing them to the dedicated efforts of the employees. He emphasized that the integrated solutions offered by Quorum, which include a suite of 13 essential software tools and services, play a crucial role in driving both their profitability and customer satisfaction.

Detailed Financial Performance Metrics

Let's delve into the consolidated results from Q2 2025:

• Total Revenue: $10,279,565, reflecting a 3% increase compared to Q2 2024's $9,950,948.
• SaaS Revenue: Increased to $7,285,284, which is a 1% rise from the previous year.
• BDC Revenue: Saw significant growth of 11%, reaching $2,726,479.
• Gross Margin: Improved marginally by 2% to $5,036,271.
• Adjusted EBITDA: Reported at $1,812,331, which is a slight decrease compared to last year.
• Cash EBITDA: Increased by 3% to $1,369,014.

Looking Ahead: Future Projections

Quorum is keenly aware of the evolving market dynamics and is committed to enhancing its positioning through innovation and expansion of its service offerings. The company continues to explore opportunities to improve its SaaS products and expand into new markets, ensuring long-term growth and sustainability in the industry.

Upcoming Investor Engagement

In order to provide further insights into these results, the company has scheduled a conference call on August 28, 2025, where both Maury Marks and Marilyn Bown, the CFO, will present the quarterly results. All interested parties are encouraged to attend and engage with the company's leadership.

About Quorum Information Technologies Inc.

Quorum, founded to support the automotive sector with sophisticated software solutions, has positioned itself as a leader in the automotive SaaS market. Their Dealership Management System and other innovative platforms are testament to their commitment to customer success and operational efficiency.

For additional inquiries, please contact:

Maury Marks
President and Chief Executive Officer
403-777-0036
Maury.Marks@QuorumInfoTech.com

Marilyn Bown
Chief Financial Officer
403-777-0036
Marilyn.Bown@QuorumInfoTech.com

Frequently Asked Questions

What are the key financial highlights for Quorum in Q2 2025?

Quorum showed a total revenue of $10.3 million, with a 3% increase compared to the previous year, alongside a general improvement in recurring revenue.

How does Quorum's SaaS revenue compare year-over-year?

Quorum's SaaS revenue increased by 1% to $7.3 million compared to Q2 2024.

What is the focus of Quorum's business strategy moving forward?

The company aims to innovate its service offerings and leverage new market opportunities to sustain growth.

Is there an upcoming presentation regarding Quorum's performance?

Yes, a conference call is scheduled for August 28, 2025, to discuss the Q2 results in detail.

Who can I contact for more information about Quorum?

For inquiries, contact Maury Marks, the CEO, or Marilyn Bown, the CFO, via their respective emails or phone numbers provided above.

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