This has penalized historical cash flow, net earnings and EBITDA, but going forward, Benefits Solutions should require minimal capital expenditures. Benefits Solutions has required significant investment, the majority of which has been expensed. Historically, Technology Services has strong profitability. “Since our inception, SEB has been investing in both Technology Services operations and more significantly in Benefits Solutions. States John McKimm, President/CEO/CIO of Smart Employee Benefits Inc.: With over $240 million of contract wins in the last 18-months and over $470 million of total contract value, management expects year-over-year increases in fiscal 2022 Revenue, Adjusted EBITDA and EBITDA.Over 65% of year-to-date revenues come from clients with more than 5-year histories with the Company.EBITDA: $0.7 million versus $1.1 million in Q2/2021.Adjusted EBITDA: $0.7 million versus $1.1 million in Q2/2021.Eight consecutive quarters of positive EBITDA.Revenue: $4.5 million versus $4.6 million in Q2/2021.Nine consecutive quarters of positive Adjusted EBITDA.Unless otherwise specified, all dollar amounts are denominated in Canadian dollars. Please refer to the interim unaudited consolidated financial statements and Management's Discussion and Analysis ('MD&A') for the six months ended May 31, 2022, filed on SEDAR at more information. SEB is an Insurtech company focused on technologies that provide leading-edge, cloud based end-to-end IT and benefit processing software, solutions and services for the life and group benefits marketplace and government. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) reports its financial results for the second quarter ending (“Q2/2022”). 01, 2022 (GLOBE NEWSWIRE) - Smart Employee Benefits Inc. Future revenue and EBITDA are expected to experience significant growth, driven by the Company’s strong business pipeline.Over 90% of targeted 2022 revenues are currently under contract.

Trailing Twelve Months (“TTM”) revenue increased by $5.0 million (8.5%) and TTM gross profit increased by $0.148 million (0.7%).

Posted 9 th consecutive quarter of positive adjusted EBITDA.

9 Consecutive Quarters of Positive Adjusted EBITDA Ĭonference Call Thursday August 4th at 3:30 P.M.

Venture forthe payroll