06:49 AM EDT, 04/05/2024 (MT Newswires) -- Intouch Insight ( INXSF ) , which lost 4.65% yesterday, overnight Thursday reported a fourth-quarter net loss before income taxes of $527,000, wider than a loss of $158,000 a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $9 million, up from $5.5 million a year earlier.

Adjusted EBITDA for Q4 was $358,000, down from $397,000 a year earlier.

Looking ahead, the company said it expects revenues from traditional business lines to be more than the $23 million from 2023 and Ardent revenues to be incremental to this core growth.

Intouch expects to achieve total revenue growth of 25% to 40% in 2024. The amount of the final revenue for the company will depend upon the general market conditions, the timing of new revenue acquisition, and the ability of Ardent to secure and deliver on its business plan.