CALIAN TECHNOLOGIES $18.47 (Toronto symbol CTY; TSINetwork Rating: Speculative) (613- 599-8600; www.calian.com; Shares outstanding: 7.4 million; Market cap: $135.8 million; Dividend yield: 6.1%) operates in two areas: the business and technology services division (which supplies 70% of the company’s revenue) provides engineers, health care workers and other skilled professionals on a contract basis. The systems engineering division (30% of revenue) sells hardware and software for testing, operating and managing satellite and other communication systems.
In the three months ended September 30, 2014, the company earned $2.8 million, or $0.38 a share. That’s down 6.7% from $3.0 million, or $0.41, a year earlier. Revenue declined 5.4% in the latest quarter, to $54.4 million from $57.5 million.
The business and technology services division continues to benefit from recurring orders from Canadian federal government departments, including the Department of National Defence. This division’s revenue rose 5.4%.
However, revenue at the systems engineering division fell 26.3% on lower spending by the Canadian defence department and U.S. military contractors. That hurt Calian’s overall revenue and profits.
The company holds cash of $25.2 million, or $3.41 a share, and has no debt. It pays a quarterly dividend of $0.28 a share, which gives it a high 6.1% yield.
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