Carerx Corporation (TSE:CRRX) has released an update.
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CareRx Corporation has reported a solid close to 2023 with a third consecutive quarter of growth in Adjusted EBITDA, reaching $7.5 million despite a slight revenue dip to $91.1 million in Q4. The company also managed a net loss reduction compared to the previous year, crediting efficiency measures and cost savings initiatives. Additionally, CareRx successfully refinanced its debt, enhancing its financial position and retiring existing obligations.
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