Ackroo Inc V.AKR

Continued very strong growth #'s

[ando]

HAMILTON, 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.

[Stuator]

Very strong results from a small company that now has been battle-tested and proven resilient in an enconomic downturn.  3 accretive acquisitions and an equity raise with strong stable backers through a difficult year.   I would say that it only gets stronger from here:      -  GGgolf probably contributes significantly in the 2nd and 3rd quarters due to seasonality. &

[ando]

That is one great description. I see Ackroo up multiple s from where it is trading today. The management is definitely motivated to make this company great