The following is a summary of the Aimia Inc. (AIMFF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 consolidated revenue showed marginal growth.

• Adjusted EBITDA was $12.3 million, up 83.6% from Q1.

• Notable increase in net losses due to higher shipping costs, inflation impacts, and costs related to the termination of Paladin agreements and shareholder activism.

• Liquidity improved with a Q2 end cash balance of $112.8 million.

Business Progress:

• Bozzetto's acquisition of StarChem aimed to expand North American presence and diversify product offerings resulted in $8.4 million of revenue for Q2.

• Cortland's business transformation initiative is expected to improve operational performance.

• Formation of the Strategic Review Committee to accelerate value creation and capitalize on holdings.

• Placing a normal course issuer bid for purchasing up to 10% of public float, leveraged by the PLM transaction gain.

Opportunities:

• Ongoing efforts to return capital to shareholders, including strategic moves like share buybacks and the normal course issuer bid.

• Cortland's business transformation expected to yield operational benefits.

Risks:

• Persisting global shipping disruptions and inflation impacting margins and availability.

• The increased advisory fees and continued macroeconomic pressures could challenge financial stability.

More details: AIMIA INC IR

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