Earnings release
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2024-06-27 01:45 Canterbury Park Holding Corporation Reports 2021 First Quarter Results Canterbury Park Holding Corporation Reports 2021 First Quarter Results SHAKOPEE , Minn . , May 10 , 2021 ( GLOBE NEWSWIRE ) -- Canterbury Park Holding Corporation ( " Canterbury " or the " Company " ) ( NASDAQ : CPHC ) , today reported financial results for the first quarter ended March 31 , 2021. The 2021 first quarter results reflect the ongoing impact of the COVID - 19 pandemic , including the state- mandated closure of Canterbury Park from January 1 , 2021 through January 10 , 2021 . Canterbury Park re - opened on January 11 , 2021 with a capacity limitation of 150 guests per designated area which was subsequently increased on February 13 , 2021 to 250 guests per designated area . The financial results for the first quarter ended March 31 , 2020 also reflect the impact of the initial onset of the COVID - 19 pandemic and the closure of the Company's Card Casino , simulcast and special events operations at Canterbury Park from March 16 , 2020 to March 31 , 2020 . ( $ in thousands , except per share data and percentages ) Net revenues ( 1 ) Net income ( 1 ) Three Months Ended March 31 , Increase 2021 2020 ( Decrease ) $ 9,226 $ 10,949 ( 15.7 % ) 551 255 116.1 % Adjusted EBITDA ( 1 ) ( 2 ) $ 1,422 $ 859 65.6 % Basic EPS Diluted EPS $ 0.12 $ 0.05 140.0 % $ 0.12 $ 0.05 140.0 % Net revenues , net income and adjusted EBITDA for the three month period ended March 31 , 2021 include $ 515,000 in grant funds received as a result of the Minnesota COVID - 19 relief package that was passed and signed into law in December 2020 . Adjusted EBITDA , a non - GAAP measure , excludes certain items from net income , a GAAP measure . Non - GAAP financial measures are not intended to be considered in isolation from , a substitute for , or superior to GAAP results . Definitions , disclosures and reconciliations of non - GAAP financial information are included later in the release . https://www.pressviewer.com/profiles/investor/NewsPrint.asp?b=2502&ID=99104&m=rl&v=2&g=1531 1/8