Emerge Commerce Ltd (TSE:ECOM) has released an update.
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Emerge Commerce Ltd. reported a slight increase in Gross Merchandise Sales to $7.65M in Q1 2024 and a notable improvement in gross profit and margin. Despite a minor decrease in revenue, the company saw positive Net Income from Continuing Operations, marking a significant turnaround from a net loss in the same quarter of the previous year. These improvements come after the strategic sale of WholesalePet and a focus on cost reductions within their grocery and golf verticals.
For further insights into TSE:ECOM stock, check out TipRanks’ Stock Analysis page.
