Alaris Royalty Corp. (ALARF) Q3 2023 Earnings Call Transcript

Alaris Royalty Corp. (OTC:ALARF) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET

Company Participants

Amanda Frazer – Chief Financial Officer

Steve King – President & Chief Executive Officer

Conference Call Participants

Gary Ho – Desjardins

Nikolaus Priebe – CIBC Capital Markets

Jeff Fenwick – Cormark


Good day, and thank you for standing by. Welcome to Alaris Q3 2023 Earnings Release Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Amanda Frazer, Chief Financial Officer. Please go ahead.

Amanda Frazer

Thank you, Amy. We appreciate everyone taking the time to join us this morning as we present our Q3 results. I’m joined on this call by Steve King, President and Chief Executive Officer of Alaris.

Before we begin, I’d like to remind our listeners that all amounts given are in Canadian dollars, unless otherwise noted. Listeners are cautioned that the comments made today may contain forward-looking information. This forward-looking information is based upon a number of important factors and assumptions and, therefore, actual results could differ materially. Additional information concerning the underlying factors, assumptions and risks is available in last night’s press release and our MD&A under the heading Forward-Looking Statements and Risk Factors, copies of which are available on SEDAR at as well as our website. Non-IFRS data is also presented and may differ from the way that other companies present such data. As with the forward-looking statements, please refer to last night’s press release and our MD&A for more clarifying information regarding these non-IFRS measures.

Now for Q3 highlights. Q3 revenue of $47.2 million was up 10% over the prior period, driven largely by the $5.9 million U.S. distribution received from Fleet. While comparable to the prior year’s distribution, a portion had previously been recorded

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