VerticalScope Holdings, Inc. (TSE:FORA) has released an update.
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VerticalScope Holdings Inc. has reported a robust first quarter in 2024 with a 14% increase in revenue to $14.7 million and significant growth in profitability metrics, including a 78% rise in Adjusted EBITDA to $5.2 million and a 120% surge in Free Cash Flow. These positive outcomes are attributed to a 12% growth in Monthly Active Users and a strong performance in digital advertising revenue, particularly from video content.
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