Hampton Financial Corporation Announces Record 4th Quarter & Annual Results and First Dividend to Subordinate Voting and Multiple Voting Shareholders
December 20 2021 - 3:44PM
Hampton Financial Corporation (TSXV:HFC &
HFC.PR.A) today announced its financial results for the 4th quarter
and Full Year ended August 31st, 2021.
“The full-year results represent another record
performance since becoming a public company. Our strategy for
growth and streamlining our business model is showing results
across all business lines,” said Hampton Executive
Chairman & CEO Peter Deeb.
“Our strategy continues to unfold as we enter a new
fiscal year with a solid pipeline of ECM activity and significant
additions to our Wealth Management business. We want to thank our
loyal clients for their continued support, and our exceptional team
for their dedication and hard work despite the many challenges
posed by the COVID-19 situation. We look forward to another strong
year in fiscal 2022.”
As well, the company’s Board has declared its first dividend on
its Subordinate Voting Shares (“SVS”), and
Multiple Voting Shares (“MVS”) of
$0.02 per share, payable on
January 14th, 2022, to all holders as of the record date of
December 31st, 2021.
Fourth Quarter and full-year fiscal
highlights:
Full year ended August
31st, 2021;
- FY Revenues of $15,831,000;
an increase of 62%
- FY Earnings of $1,293,000 or
$0.04 per share
- FY EBTDA of $2,527,000 or
$0.08 per share
Fourth quarter ended August
31st, 2021
- Q4 Revenues of $4,354,000, an
increase of 268%
- Q4 Earnings of $476,000 or
$0.015 per share
- Q4 EBTDA of $570,000
Summary of Corporate Developments:
We are pleased to report record results for the year ended
August 31st, 2021, which were derived from a strong operating
performance in each of the company’s business lines, and the
continued realization of cost savings resulting from a number of
strategic initiatives.
During the year Hampton completed its back-office conversion
project and continued to make progress with major enhancement to
its internal systems and social media programs. As well the
company’s Equity Capital Markets Group delivered strong results
raising $429,000,000 (An increase of 80% over 2020), for issuers
across a number of industries and asset classes. We also continued
to expand our Wealth Management business with the addition of new
advisors and their clients at a significant rate. The company
continues to develop its Wealth Management, Advisor Team and
Principal-Agent programs which will offer the industry’s most
experienced wealth managers a unique and flexible operating
platform that provides additional operational freedom, financial
support and tax effectiveness as they build and manage their
professional practice.
Revenues for the full year were
$15,831,000 vs $9,752,000 in
fiscal year 2020; an increase of
62%. Net income for the same period
was $1,293,000 or $0.04 per share
vs a loss of ($2,632,000) or $(0.09) per share in fiscal year
2020. EBTDA for the full year was
$2,527,000 vs ($971,000) in the same period last
year.
Revenues for the 4th quarter ended August 31st,
2021, were $4,354,000 vs
$1,180,000 in the 4th quarter of last year;
an increase of 268%. Net
Income for the period was $476,000 or $0.01 per share
compared to a loss of ($229,000) in 2020. EBTDA
for the 4th quarter was $570,000 vs $303,000 in the same quarter
last year.
About Hampton Financial
Corporation
Hampton Financial Corporation is a unique
private equity firm that seeks to build shareholder
value. through long-term strategic investments. Through its
wholly owned subsidiary, Hampton Securities Limited
(“HSL”), Hampton is actively engaged in family
office, wealth management, institutional services. and capital
markets activities. HSL is a full-service investment dealer,
regulated by IIROC and registered in Alberta, British
Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest
Territories, Ontario and Quebec. In addition, the company
provides investment banking services, which include
assisting companies with raising capital, advising on mergers
and acquisitions, and aiding issuers in obtaining a listing on
recognized securities exchanges in Canada and abroad.
For more information, please contact:
Azmatali MehraliChief Financial OfficerHampton
Financial Corporation(416) 862-8701
Or
Peter M. DeebExecutive Chairman & CEOHampton
Financial Corporation(416) 862-8651
The TSXV has in no way approved nor
disapproved the contents of this press release. Neither
the TSXV nor its Regulation Services Provider
(as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy
or accuracy of this press release.
No securities regulatory authority has
either approved or disapproved of the contents of
this press release. This press release does
not constitute or form a part of any offer or solicitation
to buy or sell any securities in the United
States or any other jurisdiction outside of Canada.
The securities being offered have not been
and will not be registered under the United
States Securities Act of 1933, as amended
(the "U.S. Securities Act"), or the securities laws of any
state of the United States and may not be
offered or sold within the United States or to a U.S.
person absent registration or pursuant to an
available exemption from the registration requirements
of the U.S. Securities Act and applicable
state securities laws. There will be no public offering
of securities in the United
States.
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