Tantalus Systems Holding Inc (TSE:GRID) has released an update.
Tantalus Systems Holding Inc. reports a record-breaking fiscal year with the highest annual revenue in its history at $42.1 million, a 6% increase over the previous year. The company’s Annual Recurring Revenue grew by 17% to $11.5 million, and it achieved the highest Gross Profit Margin to date at 52% for the year. Moreover, Tantalus reached near break-even adjusted EBITDA, showing a significant improvement from the previous year’s loss.
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