RE:RE:RE:NR this week Corporate Update
Since January 2023 the Company has reduced its debt obligations by approximately $4 million. The Company remains in compliance with its secured lender, including interest and principal payments and operating with EBITDA profitability (earnings before interest taxes and depreciation).
“We continue to operate with fiscal discipline and generate sufficient cash flows to operate and grow the business,” continues Ghezzi.
The Company is in the process of rebranding and further integrating multiple operating subsidiaries to better position the Kontrol brand, increase synergies and operating efficiencies with an emphases on organic growth.