The latest announcement is out from Wondr Gaming Corp ( (TSE:VRTS) ).
Vertiqal Studios has reported a significant financial improvement for the year 2024, achieving a 95% reduction in net loss due to strategic cost-cutting and operational efficiencies. The company saw a slight revenue increase and a notable 48% rise in direct media revenue, reflecting its strategic focus and market strength. The substantial reduction in expenses and net loss, alongside a 47% improvement in EBITDA, underscores the company’s commitment to sustainable growth and long-term value creation. Looking forward, Vertiqal Studios anticipates continued growth through strategic partnerships, expansion into the U.S. market, and exploring acquisitive opportunities to diversify income streams.
More about Wondr Gaming Corp
Vertiqal Studios is a leading digital-channel network and video-production studio, owning North America’s largest gaming and lifestyle network on social media. The company specializes in creating and distributing viral videos for brands and advertisers, focusing on Gen Z and Millennial culture. They manage over 130 channels across TikTok, Instagram, and Snapchat, producing over 100 pieces of content daily for a large audience.
Average Trading Volume: 445,092
Technical Sentiment Signal: Hold
Current Market Cap: C$12.94M
See more data about VRTS stock on TipRanks’ Stock Analysis page.