- Ackroo (AKR) announced the filing of its financial results for the period ended June 30, 2022
- Results reflect 8 per cent YoY revenue growth and YTD revenue growth at 14 per cent
- Achieved $312,307 of positive adjusted EBITDA during the quarter representing YoY increase of 594 per cent and equates to 20 per cent of total revenues
- Ackroo provides marketing, payment, and point-of-sale solutions for merchants of all sizes
- Ackroo Inc. (AKR) is up 7.14 per cent, trading at C$0.075 per share at 11:52 am ET
Ackroo (AKR) announced the filing of its financial results for the period ended June 30, 2022.
Financial highlights:
- Results reflect 8 per cent YoY revenue growth and YTD revenue growth at 14 per cent
- Achieved an 8 per cent YoY increase in subscription revenue growth with YTD revenue growth at 17 per cent
- Achieved $312,307 of positive adjusted EBITDA during the quarter representing YoY increase of 594 per cent and equates to 20 per cent of total revenues
The company expects these positive trends to continue as they execute on their renewed plans to consolidate, simplify and improve the merchant marketing, payments and point-of-sale industry.
Steve Levely, CEO of Ackroo, commented on the results.
“We are very happy with the year over year growth and the continued strengthening of our business. Despite the capital markets struggling and the volatile general economy, our business continues to improve on many fronts. Half-way through the year and we have already exceeded 2021’s EBITDA results. We are now back to our 20 per cent EBITDA as a percentage of revenue we were at in 2020.”
Ackroo provides marketing, payment, and point-of-sale solutions for merchants of all sizes. Through a SaaS based business model, the company provides an in-store and online automated solution. It helps merchants process loyalty, gift card and promotional transactions at the point of sale.
It also provides merchants with low-cost payment processing options through some of the world’s largest payment technology and service providers. The company’s hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries, including golf clubs, automotive dealers and more.
Ackroo Inc. (AKR) is up 7.14 per cent, trading at C$0.075 per share at 11:52 am ET.