Overview

* EMERGE Commerce's ( EMCMF ) reports preliminary Q3 revenue up 58% yr/yr to $7.0 mln

* Adjusted EBITDA improves to $200K-$250K from a loss of $254K

* Cash position rises to $4.0 mln from $1.6 mln a year ago

Outlook

* Company did not provide specific future guidance

Result Drivers

* ORGANIC GROWTH - Both grocery and golf verticals exhibited positive organic growth, contributing to revenue increase

* CASH POSITION - Cash position improved due to Tee 2 Green's strong performance and cash-flow friendly deal structure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$7 mln

Revenue

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)