ARR - Xybion Digital reports Q3 results
2024-02-23 09:13:04 ET
- Xybion Digital press release ( TSXV: XYBN:CA ): Q3 Adjusted EBITDA (non-IFRS measure) of $631,086 in Q2 2024, compared to $(1,452,748) in Q2 2023, an increase of 143.4%. Adjusted EBITDA margin of 15.8%, as compared to (37.1)% in Q2 2023.
- Recurring revenue from Subscriptions and Maintenance for Q2 of 2024
- increased by 3.9% to $2.66 M, as compared to $2.56M in Q2 of 2022
- Annual Recurring Revenue ( ARR ) at Q2 2024 increased by 3.2% or $.33 million to $10.67 million, as compared to $10.34 million at Q2 2023.
- Overall quarterly revenue increased by 2.3% to $4.00 million, as compared to $3.91 million in Q2 2023.
- Net income of $334,893 in Q2 2024, compared to a net loss of $(1,224,637) in Q2 2023, an increase of 127.3%.
- As of September 30, 2023 the company had $6,831,804 million in cash on the balance sheet and zero debt.