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Decisive Dividend Corporation Decisive Dividend Corporation Reports Financial Results for the Three and Nine Months Ended September 30 , 2021 October 28 , 2021 Kelowna , British Columbia : Decisive Dividend Corporation ( TSX - V : DE ) ( the " Company " or " Decisive ” ) today reported its financial results for the three and nine months ended September 30 , 2021 . Highlights of the Company's financial performance in Q3 2021 include the following : • • • Consolidated sales increased 40 % to $ 16.5 million in Q3 2021 compared to $ 11.8 million in Q3 2020 . The quarterly sales increase brings consolidated sales for the first nine months to $ 44.6 million , an increase of $ 11.0 million , or 33 % , relative to the first nine months of 2020 . Generated $ 1.8 million in Adjusted EBITDA * in Q3 2021 , a decrease of 25 % relative to Q3 2020 due to lower government subsidies received . Excluding subsidies , Q3 2021 Adjusted EBITDA * was 24 % higher than Q3 2020 . Adjusted EBITDA * in the first nine months of 2021 of $ 6.6 million represents an 8 % increase compared to the first nine months of 2020 . Entered into a refinancing agreement that increases Decisive's liquidity and debt availability with lower overall borrowing costs and increased flexibility through less restrictive financial covenants and greater ability to fund both operations and acquisitions . Selected Financial Highlights : The following are selected financial highlights of Decisive for the three and nine months ended September 30 , 2021. All amounts are expressed in Canadian dollars . The Company's unaudited interim condensed consolidated financial statements as well as its management's discussion and analysis ( " MD & A ” ) are posted on SEDAR and on Decisive's website ( www.decisivedividend.com ) . ( Stated in thousands of dollars , except per share amounts ) September 30 , For the three months ended 2021 2020 Change For the nine months ended 2021 2020 Change Sales $ 16,500 $ 11,823 40 % $ Gross profit 5,064 5,098 -1 % 44,639 15,533 $ 33,643 33 % 14,058 10 % Gross profit % 31 % 43 % 35 % 42 % Adjusted EBITDA * 1,837 2,452 -25 % 6,566 6,076 8 % Per share basic 0.15 0.21 -27 % 0.55 0.52 5 % Profit ( loss ) before tax 593 636 -7 % 1,955 ( 150 ) nm Profit ( loss ) 489 375 30 % 1,364 ( 708 ) nm Per share basic 0.04 0.03 33 % 0.11 ( 0.06 ) nm Per share diluted 0.04 0.03 33 % 0.11 n / a nm Dividends declared 841 100 % Per share basic 0.07 100 % 1,555 0.13 1,037 50 % 0.09 46 % * Adjusted EBITDA is defined as earnings before finance costs , income taxes , depreciation , amortization , foreign exchange gains or losses , other non - cash items such as gains or losses recognized on the fair value of contingent consideration items , asset impairment and restructuring costs , and any unusual non - operating one - time items such as acquisition costs . Adjusted EBITDA is not a defined performance measure under International Financial Reporting Standards ( IFRS ) and therefore may not be comparable to similar measures presented by other issuers , but it is used by Management to assess the performance of the Company and its segments . See the MD & A for a reconciliation of applicable IFRS measures to non - IFRS measures . nm not meaningful 1