Latest news with #Quorum
Cision Canada
15-05-2025
- Business
- Cision Canada
249 new housing units in Saint-Laurent
Quorum launches construction of a sustainable and affordable project in the heart of Montreal MONTREAL, May 15, 2025 /CNW/ - During a groundbreaking ceremony attended by notable figures such as Emmanuella Lambropoulos, the federal Member of Parliament for Saint-Laurent; Alan DeSousa, the Mayor of Saint-Laurent; Vana Nazarian, City Councillor for the Côte-de-Liesse district; and Aref Salem, City Councillor for the Norman-McLaren district, Quorum announced the launch of its Dalia project. This residential complex will feature 249 rental units on the site of the former Valeant factory at 1956 Bourdon Street in the Saint-Laurent borough. Scheduled for completion in the summer of 2026, the project aims to provide sustainable and affordable housing, while seamlessly integrating into the urban landscape. Notably, a community consultation was conducted during the design phase to ensure alignment with local needs. The first phase, a seven-story multifamily building with 139 units, is currently under construction. The remaining three buildings, each three stories tall, will collectively offer an additional 110 units. IMAGES: CLICK HERE Located just steps from public transportation in a Transit-Oriented Development (TOD) area, as well as nearby parks and major employment centres, the Dalia project has garnered support from the borough, local stakeholders, and residents. The Government of Canada has provided substantial financial backing of $93 million through the Canada Mortgage and Housing Corporation's (CMHC) Rental Construction Financing initiative, helping to bring this vision of modern, responsible housing to life. The project is distinguished by its strong commitment to sustainable development. It is designed to achieve LEED certification and will incorporate a geothermal system, with a significant portion of the structure constructed using wood to minimize its carbon footprint. From the outset, recycling practices for construction material waste will be implemented. Several units will adhere to universal accessibility standards, ensuring inclusivity. Additionally, a community garden will be established on the rooftop, and a bike path will connect the neighbourhood to the nearby metro station. Highlights 249 rental housing units Solar panels on all buildings Geothermal energy as the energy source for the entire site Energy performance for each building 50% higher than the standards required by the energy code Land allocation for the development of a multifunctional bike path along the railway and a public easement on the Dalia project site to connect the neighbourhood to the Du Collège metro station via Bourdon Street More than 45% of the area dedicated to green space Community gardens on the roof of the seven-story multifamily building Land allocation to the adjacent school to allow for the expansion of its playground, benefiting the well-being of children Development of an embankment and a sound barrier adjacent to the railway on the Dalia site and on half of the school's property Quotes "I want to emphasize the dedication and innovation demonstrated by my team, along with the invaluable collaboration and support from the Saint-Laurent borough and numerous local stakeholders, which have enabled this project to advance efficiently. This collective effort is essential, almost vital, when striving to realize affordable projects with multiple sustainable development components." - Maxime Laporte, Partner and Director of Development, Quorum. "I am very proud to be part of the launch of Dalia in our area. By aiming for LEED Gold and Silver certifications, this project sets a new standard for developing affordable and sustainable housing. Moreover, by transforming an industrial site into a green residential neighbourhood, this project will help reduce heat islands and enhance our resilience to climate change. Situated within a TOD area, it will promote active transportation, exemplified by its new multifunctional bike path accessible to the entire community. This will also help open up this sector and continue our tradition of welcoming new families, as well as our passion for innovation and architectural excellence." - Alan DeSousa, Mayor of Saint-Laurent. "The Dalia project perfectly represents the type of initiative our government aims to support—affordable, sustainable housing that is well integrated into our community. I am pleased to have collaborated with Groupe Quorum to support their request for $93 million in funding from the CMHC for the development of affordable housing in Saint-Laurent. It is crucial to build communities where people can thrive, while considering sustainable development and accessibility. I am proud that this innovative project is coming to life here, greatly benefiting families, seniors, and young people in our community." - Emmanuella Lambropoulos, Member of Parliament for Saint-Laurent. "I am thrilled about the construction of sustainable and affordable housing for families in Saint-Laurent. This new real estate project of 249 units will help alleviate the effects of the housing crisis within my riding. It will provide residents with pleasant spaces close to public transportation, while reducing their environmental footprint. I commend the teams that participated in the various stages, ensuring this new living environment comes to fruition." - Marwah Rizqy, Member of the National Assembly for Saint-Laurent. About Quorum Quorum, a family-owned real estate developer based in Montreal for over 40 years, holds the prestigious Diamond Palm Master Builder award from the APCHQ. As a pioneer in the design, construction, management, and promotion of affordable, high-quality residential projects, Quorum has successfully delivered over 6,000 housing units in Greater Montreal and beyond. The company is celebrated for its expertise, comprehensive service, and meticulous attention to detail, creating projects that offer substantial value to the communities it serves. With a strong commitment to social responsibility, Quorum actively supports programs and initiatives that focus on fostering entrepreneurial youth and promoting academic perseverance. SOURCE Quorum
Yahoo
15-05-2025
- Business
- Yahoo
249 new housing units in Saint-Laurent
Quorum launches construction of a sustainable and affordable project in the heart of Montreal MONTREAL, May 15, 2025 /CNW/ - During a groundbreaking ceremony attended by notable figures such as Emmanuella Lambropoulos, the federal Member of Parliament for Saint-Laurent; Alan DeSousa, the Mayor of Saint-Laurent; Vana Nazarian, City Councillor for the Côte-de-Liesse district; and Aref Salem, City Councillor for the Norman-McLaren district, Quorum announced the launch of its Dalia project. This residential complex will feature 249 rental units on the site of the former Valeant factory at 1956 Bourdon Street in the Saint-Laurent borough. Scheduled for completion in the summer of 2026, the project aims to provide sustainable and affordable housing, while seamlessly integrating into the urban landscape. Notably, a community consultation was conducted during the design phase to ensure alignment with local needs. The first phase, a seven-story multifamily building with 139 units, is currently under construction. The remaining three buildings, each three stories tall, will collectively offer an additional 110 units. IMAGES: CLICK HERE Located just steps from public transportation in a Transit-Oriented Development (TOD) area, as well as nearby parks and major employment centres, the Dalia project has garnered support from the borough, local stakeholders, and residents. The Government of Canada has provided substantial financial backing of $93 million through the Canada Mortgage and Housing Corporation's (CMHC) Rental Construction Financing initiative, helping to bring this vision of modern, responsible housing to life. The project is distinguished by its strong commitment to sustainable development. It is designed to achieve LEED certification and will incorporate a geothermal system, with a significant portion of the structure constructed using wood to minimize its carbon footprint. From the outset, recycling practices for construction material waste will be implemented. Several units will adhere to universal accessibility standards, ensuring inclusivity. Additionally, a community garden will be established on the rooftop, and a bike path will connect the neighbourhood to the nearby metro station. Highlights 249 rental housing units Solar panels on all buildings Geothermal energy as the energy source for the entire site Energy performance for each building 50% higher than the standards required by the energy code Land allocation for the development of a multifunctional bike path along the railway and a public easement on the Dalia project site to connect the neighbourhood to the Du Collège metro station via Bourdon Street More than 45% of the area dedicated to green space Community gardens on the roof of the seven-story multifamily building Land allocation to the adjacent school to allow for the expansion of its playground, benefiting the well-being of children Development of an embankment and a sound barrier adjacent to the railway on the Dalia site and on half of the school's property Quotes "I want to emphasize the dedication and innovation demonstrated by my team, along with the invaluable collaboration and support from the Saint-Laurent borough and numerous local stakeholders, which have enabled this project to advance efficiently. This collective effort is essential, almost vital, when striving to realize affordable projects with multiple sustainable development components." - Maxime Laporte, Partner and Director of Development, Quorum. "I am very proud to be part of the launch of Dalia in our area. By aiming for LEED Gold and Silver certifications, this project sets a new standard for developing affordable and sustainable housing. Moreover, by transforming an industrial site into a green residential neighbourhood, this project will help reduce heat islands and enhance our resilience to climate change. Situated within a TOD area, it will promote active transportation, exemplified by its new multifunctional bike path accessible to the entire community. This will also help open up this sector and continue our tradition of welcoming new families, as well as our passion for innovation and architectural excellence." - Alan DeSousa, Mayor of Saint-Laurent. "The Dalia project perfectly represents the type of initiative our government aims to support—affordable, sustainable housing that is well integrated into our community. I am pleased to have collaborated with Groupe Quorum to support their request for $93 million in funding from the CMHC for the development of affordable housing in Saint-Laurent. It is crucial to build communities where people can thrive, while considering sustainable development and accessibility. I am proud that this innovative project is coming to life here, greatly benefiting families, seniors, and young people in our community." - Emmanuella Lambropoulos, Member of Parliament for Saint-Laurent. "I am thrilled about the construction of sustainable and affordable housing for families in Saint-Laurent. This new real estate project of 249 units will help alleviate the effects of the housing crisis within my riding. It will provide residents with pleasant spaces close to public transportation, while reducing their environmental footprint. I commend the teams that participated in the various stages, ensuring this new living environment comes to fruition." - Marwah Rizqy, Member of the National Assembly for Saint-Laurent. About Quorum Quorum, a family-owned real estate developer based in Montreal for over 40 years, holds the prestigious Diamond Palm Master Builder award from the APCHQ. As a pioneer in the design, construction, management, and promotion of affordable, high-quality residential projects, Quorum has successfully delivered over 6,000 housing units in Greater Montreal and beyond. The company is celebrated for its expertise, comprehensive service, and meticulous attention to detail, creating projects that offer substantial value to the communities it serves. With a strong commitment to social responsibility, Quorum actively supports programs and initiatives that focus on fostering entrepreneurial youth and promoting academic perseverance. SOURCE Quorum View original content to download multimedia:
Globe and Mail
14-05-2025
- Automotive
- Globe and Mail
Quorum Announces Q1 2025 Results Release Date, Conference Call and Webcast Details
CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) ('Quorum'), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ('OEMs') rely on for their operations, intends to release its Q1 2025 Results after markets close on Wednesday, May 28, 2025. Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q1 2025 Results at a conference call with concurrent audio webcast, scheduled for: An updated Investor Presentation, replay of the results conference call, and transcripts of the conference call, will also be available at About Quorum Information Technologies Inc. Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ('OEMs') rely on for their operations, including: Quorum's Dealership Management System (DMS), which automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction. DealerMine CRM, a sales and service Customer Relationship Management ('CRM') system and set of Business Development Centre services that drives revenue into the critical sales and service departments in a dealership. Autovance, a modern retailing platform that helps dealerships attract more business through Digital Retailing, improve in-store profits and closing rates through its desking tool and maximize their efficiency and CSI through Autovance's F&I menu solution. Accessible Accessories, a digital retailing platform that allows franchised dealerships to efficiently increase their vehicle accessories revenue. VINN Automotive, a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently. Contacts: Maury Marks President and Chief Executive Officer 403-777-0036 Marilyn Bown Chief Financial Officer 403-777-0036 Forward-Looking Information This press release may contain certain forward-looking statements and forward-looking information ('forward-looking information') within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as 'anticipate', 'believe', 'plan', 'intend', 'objective', 'continuous', 'ongoing', 'estimate', 'expect', 'may', 'will', 'project', 'should' or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.
Hamilton Spectator
14-05-2025
- Business
- Hamilton Spectator
Quorum Announces Q1 2025 Results Release Date, Conference Call and Webcast Details
CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX-V: QIS) ('Quorum'), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ('OEMs') rely on for their operations, intends to release its Q1 2025 Results after markets close on Wednesday, May 28, 2025. Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q1 2025 Results at a conference call with concurrent audio webcast, scheduled for: An updated Investor Presentation, replay of the results conference call, and transcripts of the conference call, will also be available at . About Quorum Information Technologies Inc. Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ('OEMs') rely on for their operations, including: Contacts: Maury Marks President and Chief Executive Officer 403-777-0036 Marilyn Bown Chief Financial Officer 403-777-0036 Forward-Looking Information This press release may contain certain forward-looking statements and forward-looking information ('forward-looking information') within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as 'anticipate', 'believe', 'plan', 'intend', 'objective', 'continuous', 'ongoing', 'estimate', 'expect', 'may', 'will', 'project', 'should' or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release. PDF available:
Globe and Mail
16-04-2025
- Business
- Globe and Mail
Quorum Announces Q4 and Year End 2024 Results
Adjusted EBITDA 1 up 18% to $8.3 Million for 2024 Cash EBITDA 2 up 89% to $5.5 Million for 2024 CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) ('Quorum'), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ('OEMs') rely on for their operations, released its results today for the fourth quarter and fiscal year ended December 31, 2024. Financial references are expressed in Canadian dollars unless otherwise indicated. Please refer to the MD&A and Financial Statements posted onto SEDAR related to non-IFRS measures and risk factors. 'The company achieved record Adjusted EBITDA of $8.3 million, an increase of 18% over the prior year, while revenue remained relatively consistent,' stated Maury Marks, President and CEO. 'Our profitable growth strategy which commenced in 2023 delivered a Cash EBITDA margin of 14% in 2024. This improved profitability allowed us to strengthen our balance sheet by prepaying $4.8 million on our BDC Capital Facility reducing the balance from $9.1 million to $4.0 million. Our improved cash flow positions us to consider future strategic investment opportunities.' 'I would like to sincerely express my appreciation to our employees, whose commitment to Quorum was crucial to achieving our 2024 plan and strong annual results,' said Mr. Marks. 'Their hard work is enhanced by our integrated suite of 13 essential software solutions and services. This product suite is fundamental to our profitable growth strategy, as it facilitates product cross-selling and plays a vital role in driving the success of our dealerships, thereby increasing value for both Quorum and its customers.' Consolidated Results for Q4 2024 and Fiscal Year 2024 Q4 2024 %Change Q4 2023 2024 % Change 2023 Total Revenue $ 10,008,563 1% $ 9,920,932 $ 39,953,997 (1%) $ 40,263,528 SaaS Revenue $7,183,148 2% $7,017,756 $28,839,189 2% $28,191,238 BDC Revenue $2,558,313 (1%) $2,588,181 $9,973,810 (8%) $10,880,534 Recurring Revenue $9,741,461 1% $9,605,937 $38,812,999 (1%) $39,071,772 Gross Margin $4,848,227 0% $4,844,654 $19,810,340 3% $19,262,519 Gross Margin % 48% 49% 50% 48% Net Income (Loss) per Share $0.003 $(0.014) $0.035 $0.003 Net Income (Loss) $244,754 123% $(1,049,589) $2,545,951 988% $233,950 Adjusted EBITDA $ 1,960,886 (6%) $ 2,084,217 $ 8,309,000 18% $ 7,036,468 Adjusted EBITDA Margin 20 21% 21% 17% Cash EBITDA $ 1,233,620 10% $ 1,117,577 $ 5,457,906 89% $ 2,889,317 Cash EBITDA Margin 12 11% 14% 1% Fourth Quarter Results Total revenue increased by 1% to $10.0 million in Q4 2024 compared to Q4 2023. SaaS revenue increased by 2% to $7.2 million in Q4 2024 compared to Q4 2023. BDC revenue decreased by 1% to $2.6 million in Q4 2024 compared to Q4 2023. Gross margin remained consistent at $4.8 million in Q4 2024 compared to Q4 2023. Adjusted EBITDA was $2.0 million in Q4 2024 compared to Q4 2023, a decrease of $0.1 million. Cash EBITDA was $1.2 million in Q4 2024 compared to Q4 2023, an increase of $0.1 million. Fiscal Year 2024 Results Total revenue decreased by 1% to $40.0 million in 2024 compared to 2023. SaaS revenue increased by 2% to $28.8 million in 2024 compared to 2023. BDC revenue decreased by 8% to $10.0 million in 2024 compared to 2023. Gross margin increased by 3% to $19.8 million in 2024 compared to 2023. Adjusted EBITDA was $8.3 million in 2024 compared to 2023, an increase of $1.3 million. Cash EBITDA was $5.5 million in 2024 compared to 2023, an increase of $2.6 million. Quorum Q4 and Fiscal Year 2024 Results Conference Call Details and Investor Presentation Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q4 and Fiscal Year 2024 Results at a conference call with concurrent audio webcast, scheduled for: An updated Investor Presentation, replay of the results conference call, and transcripts of the conference call, will also be available at About Quorum Information Technologies Inc. Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ('OEMs') rely on for their operations, including: Quorum's Dealership Management System (DMS), which automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction. DealerMine CRM, a sales and service Customer Relationship Management ('CRM') system and set of Business Development Centre services that drives revenue into the critical sales and service departments in a dealership. Autovance, a modern retailing platform that helps dealerships attract more business through Digital Retailing, improve in-store profits and closing rates through its desking tool and maximize their efficiency and Customer Satisfaction Index through Autovance's F&I menu solution. Accessible Accessories, a digital retailing platform that allows franchised dealerships to efficiently increase their vehicle accessories revenue. VINN Automotive, a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently. Contacts: Maury Marks President and Chief Executive Officer 403-777-0036 Marilyn Bown Chief Financial Officer 403-777-0036 Forward-Looking Information This press release may contain certain forward-looking statements and forward-looking information ('forward-looking information') within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as 'anticipate', 'believe', 'plan', 'intend', 'objective', 'continuous', 'ongoing', 'estimate', 'expect', 'may', 'will', 'project', 'should' or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. Quorum has filed its 2024 audited consolidated financial statements and notes thereto as at and for the year ended December 31, 2024, and accompanying management and discussion and analysis in accordance with National Instrument 51-102 – Continuous Disclosure Obligations adopted by the Canadian securities regulatory authorities. Quorum Information Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release. 1 Adjusted EBITDA (non-GAAP) – Net income (loss) before interest and financing costs, taxes, depreciation, amortization, stock-based compensation, impairment, gain on bargain purchase, one-time acquisition-related expenses and restructuring fees. 2 Cash EBITDA (non-GAAP) – Adjusted EBITDA less stock-based compensation, one-time acquisition-related expense, repayment of lease liability, purchase of property and equipment and software development costs.
