Research from Atrium Research, Atrium Research Corporation

Atrium Research

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul>
<li>ADF Group announced that it has signed $120M in new contracts across Quebec and the U.S., resulting in the pro-forma backlog reaching $450M.</li>
<li>Despite the concerns about tariffs, management was able to execute on its plan to sign new contracts, setting up the Company for a strong 2025.</li>
<li>Since announcing its NCIB, ADF has repurchased 721K shares, representing 2.4% of its shares outstanding.</li>
</ul>


ADF Group announced that it has signed $120M in new contracts across Quebec and the U.S., resulting in the pro-forma backlog reaching $450M.
Despite the concerns about tariffs, management was able to execute on its plan to sign new contracts, setting up the Company for a strong 2025.
Since announcing its NCIB, ADF has repurchased 721K shares, representing 2.4% of its shares outstanding.


DRX: Back at It Again; $120M in New Contracts Signed