earnings
confidence high
sentiment positive
materiality 0.75
Cadre Q1 net sales $104.4M, net loss $10.2M; raises FY22 guidance, acquires Cyalume
Cadre Holdings, Inc.
2022-Q1 EPS reported
-$0.30
revenue$104,406,000
- Q1 net sales $104.4M (-5.5% YoY); net loss $10.2M vs $6.9M income YoY, includes $23.6M stock-based comp.
- Adjusted EBITDA $14.2M (13.6% margin) vs $20.2M (18.3%) prior year.
- Completed acquisition of Cyalume Technologies on May 5 for $35M; expands military chemical light portfolio.
- Raised FY2022 guidance: net sales $444-452M, adj. EBITDA $72.5-77.5M (from $434-441M/$70-75.5M).
- Declared quarterly dividend $0.08/share payable May 13; backlog +$3.3M vs Dec 2021.