Everyday People Financial Reports Q1 2025 Results with 20% Revenue Growth over Q1 2024 and Strategic Advancements Across Core Business Lines
"Our Q1 performance reflects the momentum of our diversified business strategy. With strong contributions from our revenue cycle management ("RCM") segment and a shift toward capital-light, recurring revenue models in our Financial Services division, we are positioning the Company for sustained growth and profitability," said Gordon Reykdal, Executive Chairman of Everyday People.
Key Financial Highlights for the Three Months Ended March 31, 2025
Revenue increased by 20% to $17.7 million, compared to $14.8 million for the same period in 2024.
Cash flow from operations improved by $2.3 million, moving from a negative $0.7 million in Q1 2024 to a positive $1.6 million in Q1 2025.
Following the expansion of our RCM client base announced in December 2024, the Company began recognizing revenue from these new contracts in Q2 2025, with a growing financial impact throughout the remainder of the year. The Company anticipates increasing its RCM client base by an additional 40% based on its Q1 RCM revenues of $15.1 million this quarter as compared to $12.2 million for the same period in the prior year.
1Adjusted EBITDAThree months ended
Three months endedMarch 31, 2025$000
March 31, 2024$000
Adjusted EBITDA reconciliation
Net profit before tax
969
1,467
Adjustments
Depreciation and amortization
943
799
Acquisition costs
-
72
Share-based compensation
116
153
Finance costs
614
897
Gain on contingent consideration
(546)
-
Gain on debt settlement
-
(286)
Total adjustment to net profit before tax
1,127
1,635
Adjusted EBITDA
2,096
3,102
Less: Finance costs
(614)
(897)
Adjusted EBTDA
1,482
2,205
Looking Forward
"Everyday People had an exceptionally strong start to the year and remain focused on advancing its capital-light business model and executing on a disciplined acquisition strategy." said Gordon Reykdal, Executive Chairman of Everyday People. "We have a passionate and experienced team of operators delivering on the Company's vision."
About Everyday People Financial Corp.
Everyday People Financial Corp. is a technology-driven financial services company with a mission to help individuals and businesses manage money better. First established in 1988, we have a workforce of 550 people operating in the United Kingdom and Canada providing fully fee-for-service solutions across two business pillars operating in Canada and the United Kingdom.
Revenue Cycle Management (RCM), which helps organizations recover receivables and streamline billing processes without purchasing consumer debt, and Financial Services, which provides digital tools and credit access programs that support Canadians on their financial journey, all without lending money.
Founded on the belief that everyone deserves a second chance to rebuild financial health and wealth, the Company is committed to providing affordable, innovative, and responsible financial solutions that create lasting value for our clients, customers, and shareholders.
We are changing the way people manage money by enhancing our client and consumer services with our own affordability assessment programs with specialized financial products and literacy programs. We're helping everyday people rebuild their financial health for generational wealth. We stand for creativity and entrepreneurship. Our combination of companies, products and services has been established to ensure we can fulfill consumers' financial needs and service them in a low-cost and effective manner.
Financial Statements & Management's Discussion and Analysis
This news release should be read in conjunction with Everyday People's consolidated financial statements and "Management's Discussion and Analysis" report for the three months ended March 31, 2024, which have been posted under the Company's profile on SEDAR+ at www.sedarplus.ca.
Non-IFRS Financial Measures
This news release makes reference to certain non-IFRS financial measures, including Adjusted EBITDA, and Adjusted EBTDA.
"Adjusted EBITDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBITDA" means earnings before finance and interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBITDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income) management considers not directly related to operational performance of the period presented.
"Adjusted EBTDA" is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. "EBTDA" means earnings before finance excluding interest costs, provision for income tax and amortization and depreciation expenses. "Adjusted EBTDA" is calculated as adding back the share-based compensation, depreciation and amortization expenses, other expenses (income) and other non-operating expenses (income), and excludes interest costs in the calculation, management considers not directly related to operational performance of the period presented.
Adjusted EBITDA and EBTDA, are used as non-IFRS financial measures to provide investors with a supplemental measure of the Company's operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. The Company believes that securities analysts, investors, and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company's management also uses non-IFRS financial measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements.
Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of the Company's results under IFRS. There are a number of limitations related to the use of non-IFRS financial measures versus their nearest IFRS equivalents. Investors are encouraged to review the consolidated financial statements as at and for the three months ended March 31, 2025 and March 31, 2024, and disclosures in their entirety and are cautioned not to put undue reliance on any non-IFRS financial measure and view it in conjunction with the most comparable IFRS financial measures. In evaluating these non-IFRS financial measures, please be aware that in the future the Company will continue to have the adjustment similar to those adjusted in the presented period.
For more information visit: www.everydaypeoplefinancial.com.
Contact
Gordon ReykdalExecutive Chairmanletsconnect@epfinancial.ca1 888 825 9808 (Press Option 2 for Investor and Media Relations)
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, results of operations, integration of the acquired businesses, and the business, plans, strategy, and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252196
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 hours ago
- Yahoo
Top 3 Retail REITs to Watch as Industry Sentiment Strengthens
The Zacks REIT and Equity Trust - Retail industry constituents are well-positioned to capitalize on favorable market conditions and evolving strategies. Strong consumer spending and limited new development underpin healthy fundamentals, while high-performing retail hubs continue to attract tenants. The relevance of physical retail remains strong, supported by omnichannel models and experience-driven formats. Companies like Brixmor Property Group Inc. BRX, Phillips Edison & Company, Inc. PECO and Urban Edge Properties UE are poised to benefit. However, ongoing e-commerce expansion, shifting trade policies and elevated interest rates pose notable headwinds. These pressures may lead to tighter margins, increased financing costs and a potential uptick in store closures, underscoring the importance of a strategic tenant mix and capital discipline. Industry Description The Zacks REIT and Equity Trust - Retail industry comprises REITs that own, develop, manage and lease various retail properties, including regional malls, outlet centers, grocery-anchored shopping venues and power centers with big-box retailers. Net lease REITs focus on freestanding properties, where tenants bear rent and most operating expenses. Retail REIT performance is significantly impacted by economic conditions, employment levels and consumer spending trends. Key drivers of demand include the geographic location of properties and the demographics of surrounding trade areas. While the industry faced significant challenges from declining foot traffic, store closures and retailer bankruptcies in the past, it is now experiencing a rebound, driven by renewed consumer interest in in-store shopping, signaling a positive shift in the retail landscape. What's Shaping the Future of the REIT and Equity Trust - Retail Industry? Experiential Retail and Omnichannel Integration Are Revitalizing the Sector: Retail REITs are benefiting from the transformation of physical stores into immersive, experience-driven destinations. Experiential retail, incorporating dining, entertainment and interactive elements, is driving stronger foot traffic, longer visit durations and higher sales. This evolution aligns with changing consumer preferences that favor engagement over transactional shopping. Complementing this trend is the growth of omnichannel strategies, as retailers, including digitally-native brands, are establishing physical storefronts to reduce return costs and deepen customer relationships. Programs like Buy Online, Return In Store ('BORIS') enhance convenience while boosting in-store traffic. Another key tailwind is solid leasing demand from consumer service providers and cross-border entrants expanding into U.S. markets. These tenant categories have shown resilience amid macroeconomic uncertainty, helping diversify the tenant base and drive long-term occupancy stability. Altogether, these factors are reinforcing the importance of brick-and-mortar assets in a digitally integrated retail Supply and Strategic Revamps Support Fundamentals: Retail REITs are also benefiting from a structurally constrained supply pipeline. New construction remains limited due to elevated building costs, labor shortages and stricter financing conditions — factors that are unlikely to reverse quickly. As a result, national vacancy rates remain historically tight. This low supply environment supports continued rent growth, especially in prime locations. Many REITs are capitalizing on this low-supply environment by redeveloping and repurposing underperforming assets, often adding non-traditional tenants such as healthcare services, gyms or entertainment venues. Mixed-use developments are also gaining momentum, turning outdated retail sites into vibrant, community-oriented destinations. These strategies are reinforcing portfolio durability and improving rental income visibility across economic Volatility, E-Commerce Pressure and Tariffs Cast Shadows: Despite positive structural shifts, retail REITs face ongoing pressure from macroeconomic headwinds. High interest rates, inflation and tariff changes are prompting retailers to delay leasing decisions or scale back expansion plans. Store closures are now outpacing openings, and leasing activity is slowing. Rising e-commerce penetration dampens demand for traditional retail space, especially in commodity-driven segments. Tariffs on low-cost imports could further erode retailer profitability, limiting expansion plans and increasing the likelihood of further bankruptcies, leading to vacancy risk and challenging cash flow visibility for retail REITs in the near term. Zacks Industry Rank Indicates Bright Prospects The Zacks REIT and Equity Trust - Retail industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #69, which places it in the top 28% of around 250 Zacks industries. The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry's positioning in the top 50% of the Zacks-ranked industries is a result of the upward funds from operations (FFO) per share outlook for the constituent companies in aggregate. Looking at the aggregate FFO per share estimate revisions, it appears that analysts are gaining confidence in this group's growth potential. Since March 2025, the industry's FFO per share estimates for 2025 and 2026 have moved 1.64% and 0.2% north, respectively. Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock market performance and valuation picture. Industry Underperforms Sector and S&P 500 The REIT and Equity Trust - Retail Industry has underperformed the broader Zacks Finance sector and the S&P 500 composite over the past year. The industry has declined 5.5% during this period compared with the S&P 500's rise of 19.4% and the broader Finance sector's growth of 19.1%. One-Year Price PerformanceIndustry's Current Valuation On the basis of the forward 12-month price-to-FFO, which is a commonly used multiple for valuing retail REITs, we see that the industry is currently trading at 14.62X compared with the S&P 500's forward 12-month price-to-earnings (P/E) of 22.54X. The industry is also trading below the Finance sector's forward 12-month P/E of 16.71X. These are shown in the chart below. Forward 12 Month Price-to-FFO (P/FFO) Ratio Over the last five years, the industry has traded as high as 18.89X and as low as 12.21X, with a median of 15.19X. 3 Retail REIT Stocks to Consider Brixmor: Headquartered in New York, this REIT focuses on the ownership and management of open-air shopping centers across the United States. Its portfolio features a well-balanced tenant base that includes flourishing national, regional and local shopping centers are strategically positioned near residential areas, offering convenient access and supporting last-mile distribution. The portfolio features a balanced tenant mix, combining non-discretionary and value-focused retailers with consumer-focused service providers, enhancing foot traffic and ensuring consistent demand across a variety of economic currently carries a Zacks Rank #2 (Buy). Over the past month, the Zacks Consensus Estimate for the current-year FFO per share has witnessed a marginal upward revision to $2.23, indicating a 4.7% year-over-year jump. The stock has also risen 3.7% over the past three months. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Phillips Edison: PECO, based in Cincinnati, OH, specializes in the ownership and operation of high-quality, grocery-anchored neighborhood shopping centers. As of June 30, 2025, the company managed 327 shopping centers, including 303 wholly owned centers containing 34.0 million square feet across 31 states and 24 shopping centers owned in three institutional joint offers omnichannel grocery-anchored shopping experiences. It enjoys strong-credit neighbors and a diversified mix. With high-quality, necessity-based tenants and resilient foot traffic trends, PECO benefits from consistent demand. It is also among the REITs with the lowest tenant exposure to changes in tariff rates. Strong tenant retention, solid same store net operating growth, decent lease spreads, and consistent dividend income underscore its operational excellence and long-term value currently carries a Zacks Rank #2. Over the past month, the Zacks Consensus Estimate for 2025 FFO per share has witnessed a 1.2% upward revision to $2.58, reflecting analysts' bullish outlook. Though the stock has declined 5.6% over the past three months, it currently offers a good entry point. Urban Edge Properties: This New York-based company is engaged in the owning, managing, acquiring, developing and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Its properties are concentrated in the most densely populated, supply-constrained region in the country, assuring a steady flow of a large portion of Urban Edge's portfolio is anchored by high-performing essential retailers, which ensures stable cash flows. Particularly, 80% of portfolio value is grocery-anchored. It has a healthy balance sheet, with only 8% of debt maturing through 2026. It targets long-term FFO growth of 4-5% annually, supported by a strong lease pipeline (≈9% of NOI) and strategic redevelopment and capital currently has a Zacks Rank #2. The Zacks Consensus Estimate for its 2025 FFO per share has been raised 1.4% over the past month to $1.40, indicating a 3.7% year-over-year increase. The stock has rallied 6.8% in the past three months. Note: Funds from operations (FFO) is a widely used metric to gauge the performance of REITs rather than net income as it indicates cash flow from their operations. FFO is obtained after adding depreciation and amortization to earnings and subtracting the gains on sales. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Urban Edge Properties (UE) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report Phillips Edison & Company, Inc. (PECO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
18 hours ago
- Business Wire
VIQ Solutions Announces Amendments to Credit Agreement
MISSISSAUGA, Ontario--(BUSINESS WIRE)--VIQ Solutions Inc. (' VIQ ', ' VIQ Solutions ' or the ' Company ') (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announces that it has entered into an eighth amendment agreement (the ' Eighth Amendment Agreement ') with Beedie Investments Ltd. (the ' Lender ') in order to amend certain terms of the credit agreement dated January 13, 2023 between the Company and the Lender, as amended, (the ' Credit Agreement ') governing the Company's US$15,000,000 senior secured loan with the Lender (the ' Original Loan ') as well as a US$1,500,000 term loan with the Lender, of which US$1,250,000 has been drawn (the ' Bridge Loan '). The Eighth Amendment Agreement is designed to support the Company's recapitalization and long-term business objectives. Pursuant to the Eighth Amendment Agreement, the Company has established a Finance Committee to lead a targeted refinancing of its obligations under the Original Loan and Bridge Loan by April 30, 2026 (the ' Refinancing Period '). Building on sustained positive adjusted EBITDA momentum, this initiative reflects the Company's commitment to strengthening the balance sheet, reducing leverage, and enhancing long-term financial flexibility as it advances toward its next phase of growth. Subject to the continued satisfaction of certain revised financial covenants, the Eighth Amendment Agreement provides that the Lender will not demand or accelerate the repayment of indebtedness outstanding under the Original Loan and the Bridge Loan during the Refinancing Period. The Lender is a 'related party' of the Company as such term is defined under applicable securities laws and, as a result, the entering into the Eighth Amendment Agreement is considered a related party transaction (as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (' MI 61-101 ')). The Company has relied on certain exemptions from the requirement to obtain a formal valuation and minority shareholder approval, namely sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for the Eighth Amendment Agreement exceeds 25% of the Company's market capitalization. A copy of the Credit Agreement is available, and a copy of the Eighth Amendment Agreement will be available, under the Company's profile on SEDAR+ at For more information about VIQ, please visit About VIQ Solutions VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost. Forward-looking Statements Certain statements included in this press release constitute forward-looking statements or forward-looking information (collectively, 'forward-looking statements') under applicable securities legislation. Such forward- looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements (typically contain statements with words such as 'anticipate', 'believe', 'expect', 'plan', 'intend', 'estimate', 'propose', 'project' or similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions 'may' or 'will' occur). These statements are only predictions. Forward-looking statements in this press release include but are not limited to statements with respect to the Company's ability to observe the revised financial covenants during the Refinancing Period, any potential outcome of the Company's refinancing efforts; and the Company's current and future growth prospects. Forward-looking statements are based on several factors and assumptions which have been used to develop such statements, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the factors described in greater detail in the 'Risk Factors' section of the Company's annual information form and in the Company's other materials filed on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Such estimates and assumptions may prove to be incorrect or overstated. The forward-looking statements contained in this press release are made as of the date of this press release and the Company expressly disclaims any obligations to update or alter such statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
Business Wire
20 hours ago
- Business Wire
CTO Investors Have Opportunity to Lead CTO Realty Growth, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CTO Realty Growth, Inc. ('CTO' or 'the Company') (NYSE: CTO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 18, 2021 and June 24, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before October 7, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. CTO failed to maintain its dividend at a level it had led investors to suspect. The Company used deceptive practices to overstate the true profitability of its Ashford Lane property and its AFFO. The Company's business prospects were overstated. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about CTO, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
