Ackroo Releases Q3 2023 Financial Results

HAMILTON, Ontario, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, has filed its financial results for the period ended September 30, 2023. The results for the period ended September 30^th,2023 reflect 8% year-to-date year over year revenue growth and 24% year-to-date year over year adjusted EBITDA growth. During the period the Company also achieved 24% adjusted EBITDA as a percentage of total revenue increasing the year-to-date EBITDA as a percentage of revenue to 21%. The Company used $200,000 of their earnings towards share buy-backs and used the rest of the generated cash flow to reduce debt. The Company plans to continue their focus on earnings generation in order to continue to improve their balance sheet, buy back shares and to help fund future acquisitions.

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