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Carebook’s Revenue Up, Losses Narrow in 2023
Company Announcements

Carebook’s Revenue Up, Losses Narrow in 2023

Carerx Corporation (TSE:CRRX) has released an update.

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Carebook Technologies Inc. reports a significant 32% increase in annual revenue to $12.3M for 2023, alongside a substantial reduction in net losses to $3.3M from $17.8M the previous year. The company’s Adjusted EBITDA loss improved by $3M, and they successfully raised $4.5M in capital while cutting short-term liabilities, indicating a positive shift towards achieving their financial goals.

For further insights into TSE:CRRX stock, check out TipRanks’ Stock Analysis page.

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