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D & D DYE & DURHAM ANNOUNCES FY2021 THIRD QUARTER FINANCIAL RESULTS • . 300 % revenue growth in the third quarter vs. the same period last year 267 % Adjusted EBITDA in the third quarter vs. the same period last year TORONTO , May 12 , 2021 - Dye & Durham Limited ( " Dye & Durham " or the " Company " ) ( TSX : DND ) , a leading provider of cloud - based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals , today announced its financial results for the three and nine months ended March 31 , 2021 . " The Company's strong financial performance and growth in the third quarter demonstrate our ability to successfully execute on our acquisition strategy ” , said Matt Proud , CEO of Dye & Durham . " During the quarter we made significant progress on integration and realizing synergies from recent acquisitions , which we expect will continue to drive even stronger financial results in the current quarter " . Third Quarter Fiscal 2021 Highlights • . • The Company generated third quarter fiscal 2021 revenue of $ 68.9 million , representing an increase of 300 % compared to the same period in fiscal 2020 . The Company recorded a net loss of $ 10.6 million in the third quarter of fiscal 2021 , compared to a net loss of $ 1.3 million for the same period in fiscal 2020. The increase in net loss is primarily attributable to the financing costs associated with recent financings . Adjusted EBITDA was $ 37.6 million in the third quarter of fiscal 2021 , representing a 267 % increase compared to $ 10.3 million in its third quarter of fiscal 2020 . Completed the third quarter in a strong financial position with access to over $ 1.0 billion in capital to execute on its acquisition growth strategy . On February 5 , 2021 , the Company signed a definitive agreement to acquire all issued and outstanding shares of GlobalX Pty Ltd for total consideration of approximately $ 166.0 million . The transaction is expected to close toward the end of the fourth quarter of the current fiscal year . On January 8 , 2021 , the Company completed the acquisition of SAI Global's Property Division in Australia for total cash consideration of $ 89.0 million . This acquisition creates a significant footprint into the Australian market for Dye & Durham and provides a platform to build a larger Australian business through future acquisitions .