Route1 Inc. Faces Downtrend in 2023 Earnings

Route1 Inc (TSE:ROI) has released an update.

Route1 Inc., a North American data solutions provider, has reported a decline in total revenue and net income for the fiscal year 2023, with revenues dropping from CAD 27,271 in 2021 to CAD 17,578 in 2023, and a net loss of CAD 1,283. The fourth quarter of 2023 also saw decreased revenue and a net loss, indicating a continued downward trend in the company’s financial performance.

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