09:25 AM EDT, 03/28/2024 (MT Newswires) -- WonderFi Technologies Inc. ( WONDF ) on Thursday reported fourth-quarter earnings of $4.4 million, or $0.01 per share, as compared with a loss of $136.2 million, or $0.63 per share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $12.9 million, up from $2.6 million a year earlier.

Adjusted EBITDA loss for Q4 was $2.4 million, as compared with a loss of $19 million a year earlier.

"WonderFi's ( WONDF ) focus for the year ahead is sustainable growth by continuing to scale its existing platforms, while strategically working to expand our product offerings into new markets, such as Australia. With market conditions improving significantly throughout the industry, WonderFi ( WONDF ) will continue to demonstrate its ability to generate consistent growth and profitability in 2024," Dean Skurka, chief executive officer and president, of the company said.

The company's stock surged 15.1% in Canada yesterday.