Our roundup of Canadian small-caps in the news today.
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Badger Daylighting Ltd. (BLD-T) reported second-quarter revenue of $123.4-million up from $92 million a year earlier.
Net profit was $14.7-million or 40 cents per share versus $6-million or 16 cents a year ago. Analysts were expecting earnings of 19 cents.
The company also increased its dividend by 15 per cent to 3.8 cents per share.
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Canopy Growth Corporation (WEED-T) says first-quarter revenue was $15.9-million, a 127-per-cent increase from $7 million a year ago.
The weighted average cost per gram was $1.28, compared to $1.64 per gram in the first quarter of last year.
Its net loss was $4.4 million, or 3 cents per share compared to a net loss of $3.9-million or 4 cents a year ago.
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Largo Resources Ltd. (LGO-T) reported revenues of $35.8-million in the second quarter, up from $18.9-million a year ago.
Its net loss was $13.9-million or 3 cents per share versus a loss of $9.7-million or 2 cents a year earlier.
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MCAN Mortgage Corporation (MKP-T) reported net income of $8.9-million or 39 cents per share in the second quarter, down from $13.6-million or 59 cents a year earlier.
Analysts were expecting earnings of 44 cents per share.
The company said the decrease was largely driven by recognition of $3.8-million of distribution income from Crown LP in the second quarter last year, as well as lower corporate mortgage interest and equity income from MCAP Commercial LP in the most recent quarter.
"We believe that there is an increased risk of a price correction in residential housing through the remainder of the year as prices adjust from historical highs in many geographic markets," the company said in its outlook. "We will continue to operate with more conservative underwriting and credit policies for uninsured mortgages through this market transition."
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Senvest Capital Inc. (SEC-T) reported earnings of $42.7-million or $15.40 per share for the three months ended June 30, compared to a net income of $14.7-million or $5.22 per share for the same period in 2016.
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Genesis Land Development Corp. (GDC-T) reported earnings of $4.2-million or 9 cents per share in the second quarter, an increase of 49 per cent from $2.8 million or 6 cents a year earlier. Total revenue was $38.5-million up from $26.1-million a year earlier.
Its board also declared a special cash dividend of 21 cents per common share payable to shareholders of record on Aug. 31.
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Mag Silver Corp. (MAG-T; MAG-N) reported a net loss for the three months ended June 30 of $1.3-million (U.S.) or 2 cents per share, which was in line with expectations.
The results compared to $2.2-million or 3 cents in the same quarter a year ago.
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MedReleaf Corp. (LEAF-T) reported sales of $10.5-million in the first quarter, in line with expectations and up from $8.8 million a year ago.
Net income was $408,000 or nil per share versus $3.3-million or 4 cents a year ago.
Total average selling price per gram was $9.04 versus $13.44 a year earlier. Cash cost per gram was $1.49 versus $2.67 a year ago.
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Spartan Energy Corp. (SPE-T) reported second quarter net loss of $9.8-million or 6 cents per share versus a loss of $6.7-million or 7 cents a year ago.
Funds flow from operations was $46.1-million or 26 cents as compared to $16.3-million or 15 cents a year ago.