Ackroo Inc

OTC Pink - Current Information:AKRFFUnited StatesView on Canadian Exchange

Oct 23, 2024

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• Ackroo Releases Q3 2024 Financial Results, from 8:00AM ET on Wednesday Oct 23, 2024 by Dow Jones

  8:00AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: AKR
  
  Ackroo Releases Q3 2024 Financial Results
  
  Ackroo delivers 35% YoY EBITDA growth representing 34% of total revenues
  
  HAMILTON, Ontario, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the "Company"), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, has filed its financial results for the period ended September 30, 2024. The results for the period ended September 30(th) ,2024 reflect a 1% increase in recurring revenues and a 4% decrease in total revenues over the same period in 2023. The Company delivered a 35% increase in EBITDA over the same period in 2023 representing 34% of total revenues which now has year to date adjusted EBITDA at $1,552,275, a 43% increase over the same period in 2023. Ackroo used $175,000 of their earnings towards share buy-backs and to pay down debt and continued to optimize their product and operations. The Company plans to continue their focus on earnings generation in order to continue to improve their balance sheet, pay down debt, buy back shares and to help fund future acquisitions.