Ackroo Releases Q2 2024 Financial Results

HAMILTON, Ontario, July 19, 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 June 30, 2024. The Company is pleased to report quarterly revenues of $1,633,238 which includes $1,461,199 of recurring subscription revenue. The results represent a 1% increase in total revenue and a 4% increase in recurring revenue over the same period in 2023. The Company also achieved $515,635 of adjusted EBITDA* during the period totaling 32% of total revenues representing a 113% increase over the same period in 2023. The Company is very pleased with the continued EBITDA growth and the many operational and technical advancements made during the period.

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