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NowVertical Group to Participate in Bristol Capital–Hosted Webinar to Showcase Business Overview
Globenewswire· 2025-06-18 12:00
TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) ("NowVertical" or the "Company"), a leading data and AI solutions provider, is pleased to announce its participation in an upcoming investor webinar hosted by Bristol Capital Ltd. Webinar: Overview of NowVertical's Business Strategy Featured Speakers: How to Register: For further details about NowVertical, please visitwww.nowvertical.com. Investors, analysts, media, and other stakeholders are invited to register via the Bristol Ca ...
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].