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Small-Cap Roundup: Earnings Highlights from Mullen Group, Pulse Seismic and StorageVault
Others · globe_inside_market · 2026-10-22
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A comprehensive look at recent earnings reports, strategic acquisitions, and leadership changes among notable Canadian small-cap companies.
What Happened
Earnings Performance: Mullen Group reported record-breaking quarterly results, with revenue reaching $653.2-million and net income significantly outpacing market expectations. Conversely, Pulse Seismic saw a return to profitability with $17.3-million in revenue, while StorageVault experienced a net loss despite reporting revenue growth due to non-cash accounting adjustments.
Strategic Acquisitions: Chorus Aviation is expanding its specialized aviation footprint by acquiring SkyCare Air Ambulance for approximately $40 million to bolster its non-Air Canada business segments. Meanwhile, Western Investment Company of Canada has entered into a $52.5-million agreement to purchase Canadian Farm Insurance Corp. and Stockmens Insurance to enter the niche livestock insurance market.
Corporate Developments: Neo Performance Materials received a significant boost after being invited to secure a €126-million EU grant to support its rare earth magnet value chain in Estonia. Analysts view this funding as a major positive that likely eliminates the need for immediate equity dilution to finance the company's capital expenditure plans.
Leadership Transitions: Several firms announced executive reshuffles, including Calian Group appointing Will Majic as permanent CFO and Kristine McTaggart as president of essential industries. Additionally, Sylogist Ltd. named David Miller as its new COO, with plans for him to transition into the CFO role following the departure of Sujeet Kini in November.