CATHEDRAL ENERGY SERVICES REPORTS RESULTS FOR 2021 Q4
|NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA | CALGARY, AB , March 10, 2022 |CNW| - Cathedral Energy Services Ltd. (the "Company" or "Cathedral") (TSX: CET ) announces its consolidated financial results for the three months and year ended December 31, 2021 and 2020. Dollars in 000''s except per share amounts. This news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws. For a full disclosure of forward-looking statements and the risks to which they are subject, see "Forward-Looking Statements" later in this news release. This news release contains references to Adjusted gross margin (gross margin plus non-cash items of depreciation and share-based compensation), Adjusted gross margin % (adjusted gross margin divided by revenues) and Adjusted EBITDA (earnings before finance costs, unrealized foreign exchange on intercompany balances, taxes, depreciation, non-recurring costs (including severance and non-cash provision for bad debts), write-down of equipment, write-down of inventory and share-based compensation).
CATHEDRAL ENERGY SERVICES REPORTS RESULTS FOR 2021 Q4
|NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA | CALGARY, AB , March 10, 2022 |CNW| - Cathedral Energy Services Ltd. (the "Company" or "Cathedral") (TSX: CET ) announces its consolidated financial results for the three months and year ended December 31, 2021 and 2020. Dollars in 000''s except per share amounts. This news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws. For a full disclosure of forward-looking statements and the risks to which they are subject, see "Forward-Looking Statements" later in this news release. This news release contains references to Adjusted gross margin (gross margin plus non-cash items of depreciation and share-based compensation), Adjusted gross margin % (adjusted gross margin divided by revenues) and Adjusted EBITDA (earnings before finance costs, unrealized foreign exchange on intercompany balances, taxes, depreciation, non-recurring costs (including severance and non-cash provision for bad debts), write-down of equipment, write-down of inventory and share-based compensation).