Q1 2022 Data Communications Management Corp Earnings Call - Pre-Recorded Transcript
Since I joined DCM last year, we have continued our relentless focus on building both a better and a bigger business. In my March report to shareholders, I noted that in my 36 years of business experience, I found that momentum builds momentum.
On that note, the momentum we carried out of 2021 set us up to deliver one of the best comparable quarters since 2018, with quarter 1 revenues up 11.1% versus a year ago and up 13.8% compared to last quarter. Gross profit momentum also continued and was up 8.1%, a full $1.5 million versus last year, and up 14.7% versus the last quarter.
We expect this positive momentum in our business to continue through the balance of 2022. Our operational initiatives and relentless focus on cost controls are paying off and contributing to a better business. A great example of this is our favorable SG&A trend, with SG&A down 8.5% or $1.3 million and now at 19.7%, a full 4.2 percentage points lower than year ago.
I'm happy to report our EBITDA was up almost
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