RediShred Capital Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 25, 2023 at 03:48 am IST
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RediShred Capital Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 16.75 million compared to CAD 14.6 million a year ago. Net loss was CAD 0.97 million compared to net income of CAD 2.81 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to basic earnings per share from continuing operations of CAD 0.15 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to diluted earnings per share from continuing operations of CAD 0.15 a year ago.
For the six months, sales was CAD 33.75 million compared to CAD 27.11 million a year ago. Net loss was CAD 0.235 million compared to net income of CAD 3.09 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to basic earnings per share from continuing operations of CAD 0.17 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to diluted earnings per share from continuing operations of CAD 0.17 a year ago.
Redishred Capital Corp. is the owner of the PROSHRED, PROSCAN and secure e-Cycle brands, trademarks, and intellectual property in the United States. The Company operates through three segments: the granting and managing of shredding business franchises under the Proshred trademark (Franchising and Licensing); the operation of corporately owned shredding businesses (Corporate Locations); and supporting the franchises and corporately owned shredding businesses (Corporate). It digitizes, secures, shreds, and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. It grants PROSHRED and PROSCAN franchise businesses in the United States and by way of a license arrangement in the Middle East. It also operates fifteen corporate businesses directly. The Companyâs services include home office shredding services, residential shredding services, hard drive destruction services, drop-off shredding services, and others.