Post by
alys4321 on Nov 04, 2021 2:55pm
ACKROO RELEASES Q3 2021 FINANCIAL RESULTS WITH 11% YOY REVEN
Ackroo achieves 15th consecutive positive EBITDA quarter and grows subscription revenue by 4%
“Q3 was a very good bounce-back quarter for Ackroo” said Steve Levely, CEO of Ackroo. “After a challenging start to the year with greater attrition than we have historically seen, we are encouraged by our improved customer retention and expansion. Our key performance indicators are improving: our churn rate dropped back to our pre-pandemic rate of below 5% and our average revenue per location has returned to $98. Notably, we added several larger multi-location clients onto our MKTG platform as well as more AckrooPAY and AckrooPOS clients into our business. In addition, we added a new CFO and various new senior leaders to position Ackroo for continued financial and operational discipline as we execute on our organic and inorganic growth strategies. We continue to work on integrating our acquired businesses to generate further synergies from both a revenue and cost perspective and expect our organic business to continue to grow as well.”
Read the full release: https://ackroo.com/ackroo-releases-q3-2021-financial-results-with-11-yoy-revenue-growth/