March 06, 2015 7:47 AM ET

Electronic Equipment, Instruments and Components

Company Overview of RDM Corporation

Company Overview

RDM Corporation provides remote deposit capture (RDC) and desktop remittance processing solutions in the United States and internationally. The company offers software and hardware solutions, such as Web-based and mobile RDC for large corporate clients and small businesses, and transactional data management, as well as manufactures a range of digital imaging scanners. Its payment processing solutions include remote deposit capture through mobile, Web, and point of sale applications; remittance processing; image cash letter; data management; and professional services. The company’s digital imaging solutions comprise check scanners, all-in-one payment terminals, and magnetic ink character reco...

619A Kumpf Drive

Waterloo, ON N2V 1K8


Founded in 1987

95 Employees

Key Executives for RDM Corporation

Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $275.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $190.0K
Vice-President of Development
Total Annual Compensation: $24.4K
Vice President of Sales
Total Annual Compensation: $194.8K
Compensation as of Fiscal Year 2014.

RDM Corporation Key Developments

RDM Corporation Declares Quarterly Cash Dividend Payable on March 5, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014

The board of directors of RDM Corporation declared a quarterly cash dividend of $0.015 per common share. The payment date will be March 5, 2015, to shareholders of record as of February 19, 2015. This is a 50% increase from the $0.01 per share quarterly dividend paid over the last year. The company reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported revenue of $5,846,000 against $5,751,000 a year ago. Income from operations was $1,017,000 against $741,000 a year ago. Income before income taxes was $1,168,000 against $804,000 a year ago. Income for the period was $1,123,000 or $0.05 per basic and diluted share against $780,000 or $0.04 per basic and diluted share a year ago. Net cash provided by operation activities $852,000 against $12,000 a year ago. Purchase of furniture and equipment was $97,000 against $590,000 a year ago. Additions to intangible assets were $5,000 against $306,000 a year ago. Adjusted EBITDA was $1,376,000 against $1,061,000 a year ago.

RDM In Talks For Acquisition

RDM Corporation (TSX:RC) is in talks with a couple of companies for an acquisition. Randy Fowlie, President and Chief Executive Officer of RDM said, “As mentioned in the past, our growth strategy does include looking at making an acquisition to augment growth. And currently, we are in discussions with a couple of companies. And we are in the process of looking at retaining the services of an investment banker to assist us in identifying and valuing these opportunities.”

RDM Corporation to Report Q1, 2015 Results on Jan 29, 2015

RDM Corporation announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Jan 29, 2015

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