Carebook Technologies Inc (TSE:CRBK) has released an update.
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Carebook Technologies Inc. has reported a significant improvement in its fiscal 2023 results with a 32% increase in revenue to $12.3 million and a substantial reduction in net loss to $3.3 million, down from $17.8 million the previous year. The company also noted a 42% increase in Annual Recurring Revenue and enhanced financial stability through capital raising and liability reduction efforts. These positive developments underscore Carebook’s successful expansion and efficiency gains in the digital health solutions market.
For further insights into TSE:CRBK stock, check out TipRanks’ Stock Analysis page.
