From GlobeNewswire: 2025-05-21 17:30:00

NowVertical Group Inc. (TSX-V: NOW) will host an investor webinar on May 22, 2025, at 10:00 AM EST. Q1 2025 revenue was $10.4 million, up 23% Y/Y excluding recent divestitures. Q1 2025 Income from Operations was $1.5 million, up 1,253% Y/Y excluding recent divestitures. Q1 2025 Adjusted EBITDA was $2.5 million, up 119% Y/Y excluding recent divestitures.

Financial highlights for Q1 2025 include a 20% decrease in revenue to $10.4 million, but a 23% Y/Y growth excluding recent divestitures. Gross Profit was $5.1 million, a 15% decrease from Q1 2024. Administrative Expenses decreased by 38%. Income from Operations increased by 660% to $1.5 million. Adjusted EBITDA increased by 69% to $2.5 million.

CEO Sandeep Mendiratta stated that Q1 2025 marks five consecutive quarters of growth. Adjusted EBITDA of $2.5 million and 23% Y/Y revenue growth show operational focus and disciplined execution. Renegotiated acquisition-related liabilities unlocked $5.4 million in cash savings, strengthening the balance sheet for sustained organic revenue growth.

Recent business highlights include being named Qlik Latin America Channel Growth Partner of the Year 2024 and becoming a Google Cloud Premier Partner in the UK. The Company also settled certain bonus entitlements through share issuance and launched the Data Catalyst Solution on the Microsoft Azure Marketplace.

Investors are invited to the Q1 2025 Financial Results Investor Webinar on May 22, 2025, at 10:00 AM EST. The webinar will include a discussion of financial results and a Q&A session. A recording and materials will be available on the Company’s website. Financial statements and analysis for Q1 2025 are accessible on SEDAR+.

NowVertical Group Inc. is a data analytics and AI solutions company offering comprehensive solutions, software, and services. They focus on delivering cutting-edge data, technology, and AI applications to enterprises globally, driving business solutions. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the release’s adequacy or accuracy. Contact Andre Garber, CDO, for more information.



Read more at GlobeNewswire:: NowVertical Group Reports First Quarter 2025 Financial