NowVertical Group Inc (TSE:NOW) has released an update.
NowVertical Group Inc. has reported a significant year-over-year revenue growth of 91% for 2023, reaching $51.7 million, with a marked improvement in adjusted EBITDA, which turned from a $1.9 million loss in 2022 to a $5.4 million gain in 2023. Despite these gains, the company faced a net loss of $5.9 million, although this was a 38% improvement from the previous year. The company also highlighted strategic business integration and new contract wins in its Consumer Goods vertical as key drivers of its evolving operational model.
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