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21 August 2019
Data Group Reports Loss For Second Quarter
BRAMPTON—
Data Group reported a net loss of $3.8 million, including restructuring expenses of $3.2 million compared to net income of $1.2 million, Revenues of $69.6 million compared with $78.2 million in the prior year. Gross margin as a percentage of revenue decreased to 22.6% from 23.8% in the prior year comparative period. “ company’s second quarter was a challenging one as we march towards the transformation of a
print/production business to become a more agile marketing and business services enterprise,” said Gregory J. Cochrane, CEO.
The DATA Group provides marketing and document management for electronic and print media. The Brampton-based company has about 1,400 employees and generates about $313 million in annual revenues. Data Group was listed by Graphic Monthly as Canada's fourth largest printer and is a public company.
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