Fadel Partners, Inc. (GB:FADL) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Fadel Partners, Inc. reports a mixed financial performance in the first half of 2024, with a slight decrease in total revenue to $5.3M, a 21% drop in recurring revenue, and an increased adjusted EBITDA loss to $3.6M, attributed to strategic investments in market expansion. Despite these challenges, the company anticipates a stronger second half, with expected revenue between $14.8M to $15.8M and a lower adjusted EBITDA loss, buoyed by growing interest in their new cloud-based platforms LicenSee and BrandVision. With a 3% increase in Annual Recurring Revenue and an expanded customer pipeline, the company remains optimistic about future growth.
For further insights into GB:FADL stock, check out TipRanks’ Stock Analysis page.
