From GlobeNewswire: 2025-04-01 17:50:00

NowVertical Group Inc. (TSX-V: NOW) will host an investor webinar on April 2, 2025, at 10:00 AM EST. Q4 2024 revenue was $10.9 million, up 94% Y/Y, excluding recent divestitures. Net income was $0.6 million, up 116% Y/Y. Adjusted EBITDA was $2.6 million, up 225% Y/Y. Cash flows from operations were $2.8 million for FY 2024.

Key financial highlights for Q4 2024 include revenue of $10.9 million, gross profit of $5.7 million, and administrative expenses of $3.0 million. Adjusted EBITDA was $2.6 million, and net income was $0.6 million. For FY 2024, revenue was $46.9 million, gross profit was $23.1 million, and administrative expenses were $18.1 million.

NOW CEO, Sandeep Mendiratta, expressed confidence in the company’s growth trajectory, highlighting a profitable quarter with robust organic growth. The company aims for $10 million in annual EBITDA on $50 million in revenue. Recent achievements include renegotiated acquisition liabilities and a turnaround to profitability.

In recent business highlights, NOW announced participation in the ROTH Conference and the conversion of historical obligations to equity. The company also deferred payments to sellers and achieved Google Premier Partner status in LATAM. The executive team acquired shares, demonstrating confidence in the company’s direction.

Investors are invited to the Q4 2024 financial results webinar on April 2, 2025, to discuss the company’s performance. The webinar will feature a presentation by management followed by a Q&A session. Registration details are available on the company’s website. Financial statements and analysis for FY 2024 are accessible on SEDAR+.

NowVertical Group Inc. is a global AI and data analytics company offering cutting-edge solutions to enterprises. The company focuses on converting data investments into business solutions and is growing through strategic acquisitions. For more information, visit the company’s website. The company’s financial measures are provided for transparency and understanding of operational performance.



Read more at GlobeNewswire:: NowVertical Reports Record 2024 Financial Results