From GlobeNewswire: 2025-05-26 19:49:00

ARCpoint Inc. reported a reduction in costs due to the CRESSO transaction and temporary cuts in compensation and services costs. The company is focused on increasing value for shareholders and adding new users to its technology platform. Revenues for Q1 2025 were $0.18 million, a decrease from the previous year. Net loss decreased to $0.62 million, with operating cash flow negative at $0.9 million. EBITDA was negative $0.4 million, while Adjusted EBITDA was negative $0.6 million. The CRESSO transaction impacted financial results. ARCpoint’s interest in CRESSO is accounted for using the equity method. Non-IFRS financial measures were provided for clarity.



Read more at GlobeNewswire: ARCPOINT REPORTS Q1 2025 FINANCIAL RESULTS