Hampton Financial Corporation Announces Record 1st Quarter Results
January 28 2022 - 2:42PM
Hampton Financial Corporation
(“
Hampton” or the “
Company”,
TSXV:HFC & HFC.PR.A) today announced its financial results for
the 1st quarter ended November 30th, 2021.
“The first quarter results represent another record
performance since becoming a public company and demonstrate the
continued progress we are making in growing our business. Our
strategy for growth and streamlining our business model continues
to show results across all business lines,” said Hampton
Executive Chairman & CEO Peter Deeb.
“We enter a new fiscal year with a strong start, a solid
pipeline of equity capital market activity and further growth in
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 continuing challenges posed by
the COVID-19 situation. We look forward to another strong year in
fiscal 2022.”
First Quarter fiscal highlights:
First Quarter ended November
30th, 2021;
- Q1 Revenues of $6,011,000;
an increase of 151%, year-over-year
- Q1 Earnings of $1,034,000 or
$0.03 per share; a new quarterly record
- Q1 EBITDA of $1,557,000 vs
$46,000
Summary of Corporate Developments:
We are pleased to report record results for the quarter ended
November 30th, 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.
The Company, through its wholly-owned
subsidiary, Hampton Securities Limited (“HSL”)
continues to develop its Wealth Management, Advisor Team and
Principal-Agent programs which offers the industry’s most
experienced wealth managers a unique and flexible operating
platform that provides additional freedom, financial support and
tax effectiveness as they build and manage their professional
practice.
Revenues for Q1-2022 were
$6,011,000 vs $2,393,000 in
Q1-2021; an increase of 151%. Net
income for Q1-2022 was $1,034,000 or
$0.03 per share vs a loss of
($77,000) or ($0.00) per share in Q1-2021.
EBITDA for Q1-2022 was $1,557,000
vs $46,000 in the same period last year.
Copies of Hampton’s unaudited interim financial statements and
its Management’s Discussion & Analysis for the three months
ended November 30, 2021 can be accessed on SEDAR at
www.sedar.com.
About Hampton Financial
Corporation
Hampton is a unique private equity firm that
seeks to build shareholder value through long-term strategic
investments. Through 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.
Hampton Financial (TSXV:HFC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hampton Financial (TSXV:HFC)
Historical Stock Chart
From Jul 2023 to Jul 2024