2023-05-31 09:47:24 ET
- PopReach Corporation press release ( OTCQX:POPRF ): Q1 Revenue of $36.5M (+151.7% Y/Y) beats by $5.83M .
- Gross profit of $13.9 million, a 116% increase from $6.5 million for the three months ended March 31, 2022.
- Net loss of $4.2 million compared to a net loss of $0.8 million for the three months ended March 31, 2022.
- Adjusted EBITDA of $3.0 million (8.3% of revenue), a 200% increase from $1.0 million (7.0% of revenue) for the three months ended March 31, 2022.
- Adjusted Free Cash Flow of $2.4 million (81% Adjusted Free Cash Flow conversion rate), compared to $1.0 million (100% Adjusted Free Cash Flow conversion rate) for the three months ended March 31, 2022.
- Cash as at March 31, 2023 was $4.7 million compared to $7.8 million at December 31, 2022.
For further details see:
PopReach Corporation reports Q1 results