09:26 AM EDT, 03/22/2024 (MT Newswires) -- Tech company Givex Corp. ( GIVXF ) on Friday announced its Q4 2023 results.

Quarterly revenue rose 6% YoY, from $21.3 million, to $22.5 million.

Gross profit increased 9%, from $51.3 million to $56.0 million.

Givex ( GIVXF ) reported that EBITDA increased from $0.8 million in Q4 2022, to $3.5 million a year later.

The company noted that inflation continued to put pressure on payroll costs in all markets. Givex ( GIVXF ) will continue to work towards its goal of payroll costs being 50% or less of gross profit through implementing tools such as AI enhanced client support flows.