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CALIAN NEWS RELEASE Calian Reports First Quarter Results Revenue Grows 17 % , with Health Segment leading the charge OTTAWA , Tuesday , February 9 , 2021 - Calian Group Ltd. ( TSX : CGY ) , deliverer of trusted solutions across advanced technologies , health , learning & information technology segments , today released its quarterly results for the three - month period ended December 31 , 2020 . ● Calian Group Ltd. ( the " Company " ) reported revenues for the quarter of $ 116 million , representing a 17 % increase from the $ 99 million reported in the same quarter of the previous year . First quarter 2021 highlights : Quarterly revenue of $ 116 million an increase of 17 % Record level of adjusted EBITDA ( ¹ ) at $ 10.4 million for the quarter , an increase of 24 % 77th consecutive profitable quarter New contract signings of $ 112 million in the quarter Dividend of $ 0.28 per share " I am pleased to report Calian's continued global expansion , and four consecutive quarters of revenue over $ 100 million . Investment and execution of our M & A agenda showed results with acquisitive growth of 15 % in the quarter . ” said Kevin Ford , Calian CEO . “ Our Health segment continued its growth with a 57 % increase in revenue . We continue to see strong demand for our services across many health verticals . " Adjusted EBITDA ( ¹ ) for the first quarter was $ 10.4 million , an increase of 24 % from $ 8.4 million in the same quarter of the previous year . Adjusted net profit , ( 1 ) which excludes non - cash items related to recent acquisitions , was $ 6.8 million for the quarter ; which increased by 28 % from the $ 5.3 million in the same period of the previous year . Net profit for the first quarter was $ 2.4 million , down from the $ 4.3 million from the same period of the previous year which is impacted by higher amortization of intangibles and deemed compensation expenses from recent acquisitions . " We were able to maintain revenue growth this quarter while increasing gross margin and EBITDA margins significantly " stated Patrick Houston , Calian CFO . " Our investment in M & A has allowed us to enter new markets with differentiated assets that command higher margins and has allowed us to increase our consolidated levels . " Two new acquisitions were completed within the quarter . Cadence , located in the United Kingdom , will allow Calian to further expand the Learning footprint in Europe . InterTronic Solutions brings new assets in the satellite ground system market and entry into the North American space exploration and defence sector . " Fiscal year guidance is updated to reflect the acquisition of Inter Tronic , continued momentum in our Health segment , and slower order intake in areas of our Advanced Technology segment . I believe our diversified segments with a mix of domestic and global customers continues to position us well for a strong year " , continued Ford . “ I want to thank the Calian team for once again rising to the challenge of operating within COVID restrictions and continuing to meet our customer needs " .