NOW.V posted great financials net profit againOur third quarter results clearly highlight the accelerated progress we've made in executing our One Brand, One Business Integration strategy. Q3 2024 Adjusted EBITDA of $2 million, up from $1.5 million in Q2 2024 (excluding the Allegient divestiture) indicates our integration strategy and efficiency focused measures are yielding results. Outstanding credit goes to our operator-first leadership team who have executed this at a faster pace than anticipated," said Sandeep Mendiratta, CEO of NOW. "We have renegotiated acquisition liabilities, leading to meaningful savings and a more favourable payment schedule for those liabilities. Acquisition-related liabilities have been reduced in total by an estimated $5.4 million. Our third quarter has demonstrably put us on a path to achieving our objective of having annual EBITDA of $10 million, by achieving annual revenue of $50 million and a best-in-class 20% EBITDA margin. We believe we now have a platform for sustained organic revenue growth, with strong margins across our core markets. We look forward to discussing these points and more on our third quarter investor call."
https://finance.yahoo.com/news/nowvertical-group-inc-reports-third-120000929.html