EQ (EQ) (TSE:EQ) has released an update.
EQ Inc. has reported a profitable fourth quarter for 2023, with a notable 19% increase in quarterly revenue and improvement in gross margin to 49%. The company’s strategic shift to focus on high-margin data and AI-driven solutions has led to a positive Adjusted EBITDA, marking its best performance in nearly ten years. These results reflect EQ Inc.’s commitment to profitability and investment in proprietary technology, setting a strong foundation for expected growth in the forthcoming year.
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