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NowVertical Group Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-21 21:30
Core Viewpoint - NowVertical Group Inc. continues to show strong financial performance and operational improvement, achieving significant growth and stability in its business model [3][5][6]. Financial Highlights - Q1 2025 revenue reached $10.4 million, reflecting a 23% year-over-year growth when excluding recent divestitures [5][6]. - Adjusted EBITDA for Q1 2025 was $2.5 million, representing a 119% increase year-over-year when excluding the Allegient business [5][6]. - Income from Operations was $1.5 million in Q1 2025, a 1,253% increase year-over-year when excluding the Allegient business [5][6]. - Administrative Expenses decreased by 38% year-over-year to $3.6 million in Q1 2025 [6]. Business Developments - The company successfully renegotiated acquisition-related liabilities, resulting in an estimated $5.4 million in cash savings [3]. - NowVertical was recognized as Qlik Latin America Channel Growth Partner of the Year 2024, highlighting its ability to scale customer impact [7]. - The UK operations were designated as a Google Cloud Premier Partner, the highest recognition within the Google Cloud Partner Advantage program [7]. - The launch of the Data Catalyst Solution on the Microsoft Azure Marketplace reinforces the company's strategic positioning in enterprise AI and data infrastructure [7]. Upcoming Events - An investor webinar is scheduled for May 22, 2025, at 10:00 AM EST to discuss Q1 2025 results and engage with stakeholders [1][8][9].
NowVertical Launches DataCatalyst on Microsoft Azure Marketplace, Unlocking Enterprise AI at Scale
Globenewswire· 2025-04-17 12:00
Core Insights - NowVertical Group Inc. has launched its flagship DataCatalyst Solution on the Microsoft Azure Marketplace, enhancing its strategic positioning in enterprise AI and data infrastructure modernization [1][3] - DataCatalyst is designed to unify, enrich, and operationalize enterprise data, significantly reducing time-to-value on data products by up to 50% and integration costs by up to 30% [2][3] - The launch responds to the demand for AI enablement, addressing challenges such as fragmented systems and poor data quality that hinder companies from realizing meaningful ROI from AI initiatives [3] Company Overview - NowVertical is a global data and analytics company that transforms data into business value using AI, offering a comprehensive suite of solutions and services [4] - The company has established a Microsoft Center of Excellence, comprising over 50 certified Azure professionals, and has completed over 50 large-scale Azure-based projects for enterprise clients [3][4] - NowVertical aims to help enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data through AI-infused technologies [4]
NowVertical to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025
Globenewswire· 2025-04-14 12:00
Core Points - NowVertical Group Inc. will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025, at 5:30 PM PST [1][2] - The presentation will be hosted by CEO Sandeep Mendiratta, who will also answer questions afterward [1] - The company is a global data and analytics provider that helps clients leverage data for business value through AI solutions [3] Company Overview - NowVertical offers a comprehensive suite of data and AI solutions, enabling clients to optimize decision-making and improve operational efficiency [3] - The company is focused on organic growth and strategic acquisitions to enhance its market position [3] - NowVertical aims to drive measurable outcomes and accelerate potential return on investment for its clients [3] Event Details - The event will take place at the Paris Hotel & Casino in Las Vegas, NV, and will include opportunities for 1x1 investor meetings [2] - A webcast of the presentation will be available for those unable to attend live [2] - Registration is required to attend the showcase and schedule meetings with the company [2][5]