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CALIAN FOR IMMEDIATE RELEASE NEWS RELEASE Calian Reports Record EBITDA and Gross Margins in Third Quarter Revenue of $ 136 million , an increase of 29 % , and second highest quarterly revenue in company history OTTAWA , August 10 , 2021 – Calian Group Ltd. ( TSX : CGY ) , deliverer of trusted solutions across Advanced Technologies , Health , Learning and IT and Cyber Solutions segments , today released its quarterly results for the three - month period ended June 30 , 2021 . Calian Group Ltd. ( the " Company " ) reported revenues for the quarter of $ 136 million , representing a 29 % increase from the $ 105 million reported in the same quarter of the previous year . Third quarter 2021 highlights : • Quarterly revenue of $ 136 million , an increase of 29 % • Record level of adjusted EBITDA at $ 14.9 million for the quarter , an increase of 66 % • Record gross margins of 25 % Revenue growth over 15 % for each of the four operating segments Adjusted net profit increased by 98 % • • 79th consecutive profitable quarter · New contract signings of $ 113 million in the quarter • Dividend of $ 0.28 per share " This quarter's performance demonstrates our focus on organic and acquisitive growth with excellent execution , " said Kevin Ford , Calian CEO . “ Our strategic focus on customer diversification continues , with our Advanced Technologies segment landing a contract with a major electric vehicle manufacturer and our IT and Cyber Solutions segment introducing two dozen new customers in the third quarter . " Adjusted EBITDA for the third quarter was $ 14.9 million , an increase of 66 % from $ 9 million in the same quarter of the previous year . Adjusted net profit , which excludes non - cash items related to recent acquisitions , was $ 11.1 million for the quarter , which increased by 98 % from $ 5.6 million in the same period of the previous year . " This quarter represents a new high for the Company in both gross margins and adjusted EBITDA , " said Patrick Houston , Calian CFO . “ This was achieved through contributions from all four segments which have grown double digits in the last year . " Calian is proud to play a key role in the response to the COVID - 19 pandemic . In the third quarter , Calian healthcare professionals vaccinated more than 50,000 Canadians at 19 pop - up clinics and managed seven rapid testing initiatives across Canada . " Our strong performance through our first three quarters , and our continued momentum have allowed us to increase our guidance for the FY21 fiscal year , ” said Kevin Ford , Calian CEO .