Kontrol Technologies Corp. (TSE:KNR) has released an update.
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Kontrol Technologies Corp. reported a positive first quarter in 2024, with revenues of $3.8 million and a significant improvement in net income, turning a prior loss into a $533,487 gain. The company also saw an increase in adjusted EBITDA and enjoyed a higher gross margin of 62%. Additionally, their financial health was bolstered by receiving $5.8 million from the sale of a subsidiary, leading to positive cash flows from operating activities.
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