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NowVertical Group Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-12 12:30
Core Insights - NowVertical Group Inc. reported a transition towards higher-margin strategic accounts, with revenue from the top 30 clients representing 69% of total revenue, growing over 23% year-to-date compared to the same period in 2024 [2][6] - The company maintained industry-leading margins and positive operating income while achieving year-to-date adjusted EBITDA growth, positioning itself for significant expansion [2][6] - A strengthened partnership with Google Cloud has generated over $3.4 million in revenue and created twenty new enterprise opportunities [2][6] Financial Performance - Revenue for Q3 2025 was $9.1 million, a 15% decrease from $10.7 million in Q3 2024, primarily due to a $1.0 million revenue deflation from the Argentine peso devaluation [6] - Year-to-date revenue for 2025 was $27.7 million, a 3% decrease from $28.6 million in 2024 [6] - Gross profit margin was 51% in Q3 2025, with gross profit at $4.7 million, an 11% decrease from $5.3 million in Q3 2024 [6] - Administrative expenses increased by 9% to $4.3 million in Q3 2025, while year-to-date administrative expenses decreased by 16% to $11.1 million [6] - Income from operations was $0.4 million in Q3 2025, a 72% decrease from $1.3 million in Q3 2024, but year-to-date income from operations increased by 55% to $2.5 million [6] - Adjusted EBITDA was $1.8 million in Q3 2025, representing 20% of revenue, a 9% decrease from $2.0 million in Q3 2024, while year-to-date adjusted EBITDA increased by 17% to $5.4 million [6] Business Highlights - The company was awarded the Google Cloud Generative AI Specialization, enhancing its global partnership with Google [6] - A record-speed $1M+ account was achieved in the UK market, indicating accelerated momentum in enterprise-level customer expansion [6] - The company participated in a Fireside Chat at the Planet MicroCap Showcase, reinforcing its leadership position [6] - The full retirement of outstanding debentures was announced, strengthening the balance sheet and enhancing financial flexibility [6]
NowVertical Group Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-12 12:30
Core Insights - NowVertical Group Inc. reported financial results for Q3 2025, highlighting a strategic shift towards higher-margin accounts and a focus on enterprise clients [2][5] - The company will host an investor webinar on November 12, 2025, to discuss these results and future business strategies [1][6] Financial Performance - Q3 2025 revenue was $9.1 million, a 15% decrease from $10.7 million in Q3 2024, primarily due to a $1.0 million revenue deflation from the Argentine peso devaluation [5][9] - Year-to-date revenue for 2025 was $27.7 million, a 3% decrease from $28.6 million in 2024 [5][9] - Gross profit margin was 51%, with Q3 2025 gross profit at $4.7 million, an 11% decrease from $5.3 million in Q3 2024 [5][9] - Administrative expenses increased by 9% to $4.3 million in Q3 2025, mainly due to higher share-based compensation [5][9] - Income from operations was $0.4 million in Q3 2025, a 72% decrease from $1.3 million in Q3 2024, while year-to-date income from operations increased by 55% to $2.5 million [5][9] - Adjusted EBITDA was $1.8 million in Q3 2025, a 9% decrease from $2.0 million in Q3 2024, but year-to-date adjusted EBITDA increased by 17% to $5.4 million [5][9] Strategic Developments - The company strengthened its partnership with Google Cloud, generating over $3.4 million in revenue and creating twenty new enterprise opportunities [2][5] - The Strategic Account Strategy achieved a record-speed $1 million+ account in the UK market, indicating accelerated momentum in enterprise-level customer expansion [5] - The full retirement of outstanding debentures was announced, enhancing the company's financial flexibility [5]
NowVertical Group Announces Third Quarter 2025 Earnings Release Date and Financial Update Webinar
Globenewswire· 2025-11-05 21:05
Core Insights - NowVertical Group Inc. will announce its Q3 2025 financial results on November 12, 2025, before market opening [1] - A webinar will follow at 11:00 AM EST on the same day to discuss the results and provide a business outlook [1][2] Company Overview - NowVertical is a global data and analytics company that transforms data into business value using AI [4] - The company offers a comprehensive suite of solutions and services to help clients optimize decision-making and improve operational efficiency [4] - NowVertical is growing both organically and through strategic acquisitions [4]
Is Creative Impact in Crisis? New Data Shows Why Consumer Connection is Falling, Despite Rise in Marketing Spend
Prnewswire· 2025-10-23 19:00
Core Insights - The 2025 Creative Impact Report indicates a significant increase in global ad spend by 33% since 2023, while the marketing impact has decreased by nearly 20%, highlighting the necessity for improved creative quality and emotional intelligence to drive future growth [1][3][9] Marketing Spend and Impact - Between 2023 and 2024, marketing spend increased by 33%, but its effect on purchase intent only rose by 17%, resulting in a 12% 'impact gap' measured by the Impact Score [1][3] - The cumulative drop in the Impact Score from 2023 through August 2025 is nearly 20%, indicating a worsening trend in marketing effectiveness [1][3] Creative Quality and Emotional Intelligence - The report emphasizes that creative quality, emotional connection, cultural relevance, and AI-driven precision are now more critical than budget size in determining marketing success [3][6] - Companies that align emotional resonance with culturally relevant content and utilize AI for real-time adaptation can effectively close the 20% effectiveness gap [9] Strategies for Improvement - Three key strategies identified for enhancing ROI include leading with emotion, focusing on fewer high-impact messages, and leveraging AI to amplify creativity [4][7] - Campaigns that evoke emotions such as Pride and Belonging achieve believability scores above 61%, while anger drives the highest virality at 42% but can erode trust [7] Industry Trends and Challenges - The report notes that 66% of businesses have faced boycotts related to social movements, with nearly half admitting their creative processes lag behind cultural shifts, making them vulnerable to backlash [5] - The upcoming media landscape in 2026 will be highly competitive, with major events like the Winter Olympics and FIFA World Cup, necessitating brands to communicate with intent rather than volume [6][5] Sector Performance - The report provides insights into sector performance, indicating that the Aerospace and Energy sector saw a +45% Impact Score, while the Consumer sector experienced a -24% decline, the steepest among all sectors [13]
NowVertical to feature in Fireside Chat at the Planet MicroCap Showcase: TORONTO on Wednesday, October 22, 2025
Globenewswire· 2025-10-20 21:00
Core Insights - NowVertical Group Inc. will participate in a Fireside Chat with Stifel Financial Corp. at the Planet MicroCap Showcase: TORONTO 2025 on October 22, 2025 [1] - The discussion will be hosted by Andre Garber, Chief Development Officer and Co-Founder of NowVertical, alongside Suthan Sukumar, Managing Director, Research at Stifel Canada [2] - The company focuses on transforming data into business value using AI, offering a suite of solutions that enhance decision-making and operational efficiency [3] Company Overview - NowVertical is a global data and analytics company that helps clients leverage data for measurable business outcomes [3] - The company is growing both organically and through strategic acquisitions, emphasizing the use of AI-infused technologies [3] Event Details - The Fireside Chat is scheduled for October 22, 2025, at 2:00 PM EDT at the Arcadian Loft in Downtown Toronto [1][6] - 1x1 investor meetings will be held on October 23, 2025, at the same venue [6]
NowVertical Group Announces Second Quarter 2025 Earnings Release Date and Financial Update Webinar
Globenewswire· 2025-08-20 21:00
Core Viewpoint - NowVertical Group Inc. is set to announce its Q2 2025 financial results on August 27, 2025, followed by a webinar to discuss these results and provide a business outlook [1][2]. Company Overview - NowVertical is a global data and analytics company that focuses on transforming data into business value using AI, offering a comprehensive suite of solutions and services [4]. - The company aims to help clients optimize decision-making, improve operational efficiency, and unlock long-term value from their data through AI-infused technologies [4]. - NowVertical is pursuing growth both organically and through strategic acquisitions [4]. Investor Engagement - The upcoming earnings webinar will feature key executives, including the CEO, Interim CFO, and Chief Development Officer, and will include a live Q&A session [2]. - Registration for the webinar is available online, and a recording along with supporting materials will be accessible on the company's investor website [3].
NowVertical's Integrated Model Drives Cross‑Market Growth in Strategic Accounts
GlobeNewswire News Room· 2025-07-31 12:40
Core Insights - NowVertical Group Inc. is expanding its geographic reach through significant engagements with major clients, demonstrating the effectiveness of its integrated operating framework [1][4] - The company has deepened its collaboration with a leading global insurer, transitioning from a single-country project to a comprehensive Latin-American data modernization and AI initiative [2] - A similar growth pattern is observed with a global media and telecommunications group, where NowVertical's solutions are being adopted as the enterprise standard for managing legacy data assets [3] Group 1: Client Engagements - The engagement with the global insurer has already generated revenue in the first half of 2025 that exceeds the client's total spending for the entire year of 2024, indicating rapid growth potential [2] - NowVertical's solution for the media and telecommunications group has expanded from the UK & Ireland to eight projects, including new implementations in Italy and Germany, with more planned for the second half of 2025 [3] Group 2: Strategic Approach - The company's strategy of providing a unified architecture and governance model is proving effective, as clients are opting to scale their operations with NowVertical [4] - The integration of legacy and modern data through standardized processes not only results in cost savings but also enhances strategic value, supporting compliance and innovation objectives [3] Group 3: Company Overview - NowVertical is positioned as a global data and analytics company that helps clients leverage AI to transform data into business value, focusing on rapid implementation and measurable outcomes [5] - The company is pursuing growth both organically and through strategic acquisitions, reinforcing its role as a trusted partner in the data and AI sectors [5]
NowVertical’s Integrated Model Drives Cross‑Market Growth in Strategic Accounts
Globenewswire· 2025-07-31 12:40
Core Insights - NowVertical Group Inc. is expanding its geographic reach through significant engagements with major clients, demonstrating the effectiveness of its integrated operating framework [1][4] - The company has deepened its collaboration with a leading global insurer, transitioning from a single-country project to a comprehensive Latin-American data modernization and AI initiative [2] - A similar growth pattern is observed with a global media and telecommunications group, where NowVertical's solutions are being standardized across multiple projects to modernize legacy data assets [3] Group 1: Client Engagements - The engagement with the global insurer has already generated revenue in the first half of 2025 that exceeds the client's total spending for the entire year of 2024, indicating rapid growth potential [2] - NowVertical's solution for the media and telecommunications group has expanded from the UK & Ireland to eight projects, including new implementations in Italy and Germany, with more planned for the second half of 2025 [3] Group 2: Strategic Approach - The company's strategy of providing a unified architecture and governance model is proving effective, as clients are opting to scale their operations with NowVertical [4] - The repeatability of NowVertical's delivery model allows for effective scaling across complex enterprise environments, aligning with clients' data modernization and AI readiness goals [3][4] Group 3: Company Overview - NowVertical is positioned as a global data and analytics company that transforms data into business value through AI, enabling clients to optimize decision-making and improve operational efficiency [5] - The company is pursuing growth both organically and through strategic acquisitions, enhancing its capabilities in the data and AI sectors [5]
NowVertical Announces 2025 Shareholder Meeting Results and Equity Grants
Globenewswire· 2025-07-07 12:00
Core Points - NowVertical Group Inc. held its Annual General and Special Meeting of Shareholders on June 27, 2025, where all proposed business matters were approved [1][2] - Five director nominees were elected with high approval rates, ranging from 99.15% to 99.95% [2] - Shareholders approved the re-appointment of Ernst & Young LLP as auditors and authorized the board to fix their remuneration [2] - A 10% rolling omnibus equity incentive plan was approved, along with the issuance of 477,459 Class A subordinate voting shares to Andre Garber for wage settlement [2][3] Voting Results - Sandeep Mendiratta received 31,240,059 votes for (99.90%) and 30,000 votes withheld (0.10%) [2] - David Charron received 31,255,059 votes for (99.95%) and 15,000 votes withheld (0.05%) [2] - David Doritty received 31,203,059 votes for (99.79%) and 67,000 votes withheld (0.21%) [2] - Elaine Kunda received 31,003,601 votes for (99.15%) and 266,458 votes withheld (0.85%) [2] - Chris Ford received 31,255,059 votes for (99.95%) and 15,000 votes withheld (0.05%) [2] Debt Settlement Transaction - The issuance of shares to Andre Garber is classified as a "related party transaction" under Multilateral Instrument 61-101 [3] - The transaction will utilize exemptions from formal valuation requirements as the shares do not exceed 25% of the company's market capitalization [3] Equity Grants - The company granted 109,400 incentive stock options and 269,531 restricted share units to non-executive board members, and 1,177,422 performance share units to management [5][9] - Each option allows the holder to acquire one Class A subordinate voting share at an exercise price of CAD$0.64 for five years, vesting after one year [6] - RSUs and PSUs will also vest after one year, with each vested unit entitling the holder to one share or equivalent cash [7][8] Company Overview - NowVertical is a global data and analytics company focused on transforming data into business value using AI [10] - The company offers a comprehensive suite of solutions to help clients optimize decision-making and improve operational efficiency [10] - NowVertical is pursuing growth through both organic means and strategic acquisitions [10]
NowVertical’s Integration Strategy Accelerates Account Expansion and Cross-Market Growth
Globenewswire· 2025-07-02 12:00
Core Insights - NowVertical Group Inc. is executing its "One Brand, One Business" integration strategy, leading to margin expansion and deeper enterprise penetration in North America and Latin America [1][4] Group 1: Integration Strategy - The integration strategy has enabled a Fortune 500 technology client to transition from siloed analytics to a coordinated cross-region reporting program, enhancing engagement across EMEA and APAC [2] - A global life-sciences leader in Latin America is benefiting from a data-modernization program that consolidates legacy data onto Google Cloud, resulting in faster commercial insights and a repeatable playbook for NowVertical [3] Group 2: Business Impact - The unified operating structure is unlocking higher-margin work, accelerating account growth, and delivering significant value to clients, which in turn is creating durable, recurring revenue streams for NowVertical [4] - The company aims for a run-rate revenue of US $50 million and US $10 million EBITDA, reinforcing its position as a trusted data and AI partner for enterprise clients globally [4] Group 3: Company Overview - NowVertical is a global data and analytics company that transforms data into business value using AI, helping clients optimize decision-making and improve operational efficiency [5]