Kontrol Technologies Reports Robust 2023 Financials

Kontrol Technologies Corp. (TSE:KNR) has released an update.

Kontrol Technologies Corp. has reported a strong financial performance for the fiscal year 2023, with a 16% increase in annual revenues to $18.8 million and a significant improvement in gross profit, which rose 32% to $11.6 million. The company also saw a positive shift in cash flows from operating activities, boasting $3.7 million, and successfully rebranded its building solutions under ‘Kontrol Buildings.’ Despite these gains, the year concluded with a net loss from continuing operations due to a one-time restructuring charge.

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