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NowVertical Reports a Flat Fourth-Quarter Loss, Revenue up 20%
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NowVertical Reports a Flat Fourth-Quarter Loss, Revenue up 20%
May 7, 2024 9:20 AM

11:50 AM EDT, 05/07/2024 (MT Newswires) -- NowVertical Group ( NOWVF ) on Tuesday said it fourth-quarter loss was unchanged, while revenue rose 20%.

The data analytics and AI solutions company, reported a loss of US$3.6 million for the period, unchanged from the fourth-quarter of 2022.

Revenue rose 20% to US$10.1 million from US$8.4 million.

"Our operating model is evolving to better align with our strategic vision, driven by the integration of our business units. By consolidating formerly distinct businesses into a cohesive global framework, we are enhancing our solutions and services, streamlining resources and costs, and leveraging modern data and AI technologies," said Sandeep Mendiratta, Chief Executive Officer.

The company's shares were last seen up C$0.01 to C$0.21 on the TSX Venture Exchange.

Price: 0.21, Change: -0.01, Percent Change: -4.55

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