Company Hosting Investor Webinar on April 2, 2025, at 10:00 AM EST Q4 2024 revenue was $10.9 million, up 94% Y/Y excluding recent divestituresOn a reported basis, Q4 2024 revenue increased 8% Y/YQ4 2024 Net Income was $0.6 million, up 115% Y/Y excluding recent divestituresOn a reported basis, Q4 2024 Net Income increased by 116% Y/YQ4 2024 Adjusted EBITDA was $2.6 million, up 225% Y/Y 2024 FY Cash flows from operations were $2.8 million TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc.(TSX-V: NOW) ("NOW” or the "Company”), a leader in AI-driven data solutions, announces audited financial results for its fourth fiscal quarter ended December 31, 2024.
Excluding the Allegient, Seafront and Affinio Social businesses, Adjusted EBITDA was $7.2 million in FY 2024 and $4.0 million in FY 2023, translating to a year-over-year increase of 77%.Net Income was $1.6 million in FY 2024, an 116% increase from a $5.9 million Net Loss in FY 2023.
Excluding the Allegient, Seafront and Affinio Social businesses, administrative expenses were $16.2 million in FY 2024 and $20.2 million in FY 2023, translating to a year-over-year decrease of 20%.Adjusted EBITDA was $7.8 million in FY 2024, a 46% increase from $5.4 million in FY 2023.
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