Sabio Holdings (TSE:SBIO) has released an update.
Sabio Holdings has reported a solid start to 2024 with Q1 revenues steady at $6.4 million, propelled by a 29% growth in Connected TV/OTT sales, now accounting for 77% of total revenue. Despite a gross margin dip to 59%, the company has significantly reduced its Adjusted EBITDA loss to $1.3 million, down from $2.2 million in the same quarter last year, indicating improving operational efficiency. This performance, together with strong upfront revenue commitments and a strategic shift towards high-margin offerings, sets Sabio on a promising trajectory for record sales and profitability in 2024.
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