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Ackroo Inc V.AKR

Alternate Symbol(s):  AKRFF

Ackroo Inc. acquires, integrates and manages gift card, loyalty marketing, payment and point-of-sale solutions used by merchants of all sizes. It develops and sells an online loyalty and rewards platform. Its self-serve, data driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale. Its hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries: automotive dealers and more. It is focused on helping to consolidate, simplify and improve the merchant marketing, payments and point-of-sale ecosystem for their clients. Its GiftFly is a self-serve eGift Card platform. Its Simpliconnect business offers software as a service, focused on driving client engagement. Its payment ISO affords the ability to resell payment processing solutions to their growing merchant base through some of the payment technology and service providers.


TSXV:AKR - Post by User

Post by andoon Jan 21, 2021 8:24am
199 Views
Post# 32342879

Continued very strong growth #'s

Continued very strong growth #'sHAMILTON, Ontario, Jan. 21, 2021 (GLOBE NEWSWIRE) --Ackroo Inc.(the Company or Ackroo) (TSX-V: AKR) (OTC: AKRFF), a loyalty marketing, payments and point-of-sale technology and services provider, is pleased to report unaudited record revenues of $6,069,966 for the year ended 2020. This represents a 16% increase over the previous year and an 8-year cumulative average growth rate of 34% per year since the Companys founding in 2012. The Company delivered $5,028,931 of annual recurring revenue and their third consecutive positive EBITDA year. Strategically, Ackroo also increased the Companys cash position significantly, retired all debts owing to SOFII, and completed three accretive acquisitions in marketing, payments and point-of-sale. Despite the impact of COVID-19, the Company delivered strong results and is well positioned for continued growth in 2021.
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