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., a cloud-based software developer, reported a 10% increase in annual revenue to $14.5 million, with a notable 31% surge in recurring revenue to $11.4 million for the fiscal year 2023. Despite the revenue growth, the company experienced an adjusted EBITDA loss of $1.732 million due to strategic investments aimed at expansion. The company’s successful IPO in April 2023 and subsequent product launches have positioned it for future growth, with a strong focus on SaaS revenue as a key financial metric moving forward.
For further insights into GB:FADL stock, check out TipRanks’ Stock Analysis page.
