RediShred Capital Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 24, 2023 at 04:21 am IST
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RediShred Capital Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 15.37 million compared to CAD 14.7 million a year ago. Net income was CAD 1.07 million compared to CAD 3.89 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.21 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to CAD 0.21 a year ago.
For the nine months, sales was CAD 49.12 million compared to CAD 41.82 million a year ago. Net income was CAD 0.833 million compared to CAD 6.97 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to CAD 0.38 a year ago. Diluted earnings per share from continuing operations was CAD 0.05 compared to CAD 0.38 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.