Cadre Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
Cadre Holdings, Inc. (CDRE), an emerging growth company incorporated in Delaware, filed this Current Report on Form 8-K on November 10, 2022. The filing announces the financial results for the quarter ended September 30, 2022, via a press release (Exhibit 99.1) and a conference call presentation (Exhibit 99.2).
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release and presentation, which are incorporated by reference but not detailed in the body of this 8-K.
The Company reports the following non-GAAP measures in the referenced exhibits:
- Earnings before interest, taxes, other income or expense, depreciation and amortization (EBITDA)
- Adjusted EBITDA
- Adjusted EBITDA margin
- Adjusted EBITDA conversion rate
- Last Twelve Months (LTM) adjusted EBITDA
Material Changes and Comparisons
The filing text does not disclose specific material changes or period-over-period comparisons. The Company states that the non-GAAP measures are intended to enable investors to focus on period-over-period operating performance, but the specific data points are located in the attached exhibits.
Guidance, Outlook, and Risks
The Company cautions that non-GAAP measures should be considered in addition to, but not as a substitute for, reported GAAP results. Additionally, the Company notes there can be no assurance that its non-GAAP financial measures are comparable to similarly titled measures used by other publicly traded companies. The filing does not contain specific forward-looking guidance or risk factors beyond these standard disclosures.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q3 2022 revenue, net income, and cash flow figures.
- Examine Exhibit 99.2 (Slide Presentation) for detailed non-GAAP reconciliations and LTM adjusted EBITDA data.
- Verify the reconciliation between GAAP net income and the reported non-GAAP EBITDA metrics.
- Confirm the Company's status as an emerging growth company and any related accounting election impacts.