In a recent Investor.Coffee interview with host Tracy Weslosky, Ciscom Corp.’s (CSE: CISC | OTCQB: CISCF) President and CFO Michel Pepin shared insights into Ciscom’s strong revenue growth for 2023 and strategic initiatives moving forward. Michel proudly announced that Ciscom achieved a 95.9% increase in revenue in 2023, growing from $14.766 million to $35.014 million. This growth was also reflected in their gross profit, which rose from $2.785 million to $6.772 million, marking a 143.2% increase.
Michel attributed this success to the dedicated efforts of the Ciscom team and the company’s robust and profitable business model. Central to this model is a client-centric approach, a strategic focus, minimization of overhead costs, and investment in future opportunities. Michel also shared Ciscom’s ambitious acquisition plans. Targeting one to two acquisitions annually, Ciscom is currently exploring a potential third acquisition for 2024. He stressed the importance of strategic alignment and rigorous due diligence in their acquisition process to ensure that they are accretive to Ciscom.
To bolster its leadership and operational capabilities, Ciscom announced the appointment of Sheri Rogers as the EVP Managing Director of Prospect Media Group (PMG), one of its key subsidiaries. Michel shared that Sheri brings a wealth of experience and a track record of success in leading major agencies and client portfolios.
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About Ciscom Corp.
Ciscom Corp. is a Canadian company investing, acquiring, and managing companies in the ICT sector. Potential acquisition targets are entrepreneurs seeking equity, transition, or that do not have a defined succession plan. Target companies are generally substantial SMEs and have a proven track record/history of profitability.
With this approach Ciscom enables owners/founders to crystalize their equity, while remaining active in the business. Consequently, acquisitions are immediately accretive to shareholders’ value.
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