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  5. DRM: Could you comment on DRM earnings and outlook? [DREAM Unlimited Corp. Class A Subordinate Voting Shares]
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Q: Could you comment on DRM earnings and outlook? Thanks!
Asked by Jeff on November 16, 2023
5i Research Answer:

 In Q3, DRM missed analysts’ EPS estimates of $0.19, coming in at $0.09. Revenue was up significantly in Q3 at $132.5M from $55.1M in the year prior driven by increases in recurring revenue. Adjusted funds from operations  showed a large Q3 increase to $0.42 per share compared to the prior year at $0.08. DRM spoke positively regarding outlook for western Canada development which generated commitments for 2024 and 2025 in Q3. DRM displayed a solid Q3 and the markets have responded with price being up following the release.

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