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 May 12, 2022. The filing serves to announce the Company's financial results for the quarter ended March 31, 2022, via a press release attached as Exhibit 99.1.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the existence of non-GAAP measures including EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA conversion rate, and LTM adjusted EBITDA, but states that the specific figures and reconciliations to GAAP measures are contained within the attached press release (Exhibit 99.1) and slide presentation (Exhibit 99.2).
Material Changes
The filing does not detail specific material changes versus the prior comparable period. It notes that the non-GAAP measures are intended to enable investors to focus on period-over-period operating performance, but the actual comparative data is not included in the body of this 8-K.
Guidance, Outlook, and Risks
Management commentary is limited to the rationale for presenting non-GAAP measures, which the Company believes enhances the understanding of ongoing operations and provides a baseline for modeling future earnings. The filing includes standard cautions that non-GAAP measures should not be considered a substitute for GAAP results and may not be comparable to similarly titled measures used by other companies. No specific forward-looking guidance or new risk factors are detailed in this text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2022 revenue, net income, and cash flow figures.
- Examine the reconciliation of non-GAAP measures (EBITDA, adjusted EBITDA) to GAAP net income in the press release.
- Verify the specific values for adjusted EBITDA margin and conversion rate referenced in the filing.
- Check Exhibit 99.2 (Slide Presentation) for management's detailed commentary on operational performance and outlook.