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Zedcor Inc. Announces Third Quarter Results for 2021 CALGARY , ALBERTA November 16 , 2021 : Zedcor Inc. ( the " Company " ) ( TSX VENTURE : ZDC ) today announced its financial and operating results for the three and nine months ended September 30 , 2021 . The third quarter results reflect the Company's continued execution of its strategy and pivot away from its traditional oilfield equipment rentals business . Q3 2021 was the first quarter which show standalone results for Zedcor's Security & Surveillance operations . The Company is pleased to announce positive net income , earnings per share and that revenues more than doubled when compared to Q3 2020. This transition away from oilfield equipment rentals was fully completed subsequent to September 30 with the announcement of a $ 6.1 million fully committed 5 - year term loan and a $ 3.0 million equipment financing facility . This will significantly reduce financing costs , improve cash flow and provide additional financing for continued expansion . Financial and Operating Results for the three and nine months ended September 30 , 2021 : Three months ended September 30 2020 ( in $ 000s , except per share amounts ) Revenue from continuing operations Revenue from discontinued operations Adjusted EBITDA¹ , 2 Adjusted EBITDA from continuing operations ¹ , 2 Adjusted EBIT¹ , 2 Net income ( loss ) from continuing operations Net income ( loss ) from operations Net income ( loss ) per share from continuing operations Basic Diluted 1 Adjusted for severance costs and discontinued operations 2 See Financial Measures Reconciliations below 2021 3,684 1,349 1,349 726 296 296 0.01 0.01 1,673 995 1,154 856 Zedcor 461 ( 421 ) ( 1,006 ) ( 0.01 ) ( 0.01 ) Nine months ended September 30 2020 4,543 5,252 2021 9,474 3,052 5,003 3,442 1,197 ( 1,045 ) ( 3,097 ) ( 0.02 ) ( 0.02 ) 4,121 1,838 735 ( 1,771 ) ( 2,428 ) ( 0.03 ) ( 0.03 ) On June 30 , 2021 , the Company announced the sale of its Rental Segment assets . Accordingly , these operations were classified as discontinued operations on the Company's financial statements . The discussion throughout our MD & A reflect continuing operations of the Company's security and surveillance services , unless otherwise noted . Zedcor recorded $ 1,349 and $ 3,442 of adjusted EBITDA from continuing operations for the three and nine months ended September 30 , 2021. This compares to $ 856 and $ 1,838 of adjusted EBITDA from continuing operations for the three and nine months ended September 30 , 2020 . Company's security and surveillance services segment saw increased revenues and EBITDA compared to 2020 due to increased customer demand of its larger fleet of MobileyeZ security towers . The