Business
Everyday People Financial Announces Strong Fourth Quarter and Year-End Financial Results for the 12 Months Ended December 31, 2023
Revenue of $9.7 million for the three months ended December 31, 2023, up 103% as compared to $4.8...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Announces Strong Fourth Quarter and Year-End Financial Results for the 12 Months Ended December 31, 2023Revenue of $9.7 million for the three months ended December 31, 2023, up 103% as compared to $4.8 million for the same period in 2022.Revenue of $37.9 million for the year-ended December 31, 2023, up $18.9 million or up 100%, as compared to $19.0 million for the same 12-month period ending December 31, 2022.Net loss before tax of $0.3 million for the three months ended December 31, 2023, a significant improvement from the net loss before tax of $26.3 million recorded for the same period in 2022.Net loss before tax of $2.5 million for the 12 months ended December 31, 2023, a significant improvement from the net loss before tax of $42.0 million recorded for the 12 months period ending December 31, 2022. The Company achieved positive Adjusted EBITDA of $3.1 million, for the three months ended December 31, 2023, compared to an Adjusted EBITDA loss of $1.0 million for the same period in 2022. The Company achieved positive Adjusted EBITDA of $5.7 million, for the twelve months ended December 31, 2023, compared to an Adjusted EBITDA loss of $2.0 million for the 12 months period ended December 31, 2022. Positive Adjusted EBTDA for the three and twelve months ended December 31, 2023, of $2.5 million, and $3.3 million, respectively. Edmonton, Alberta--(Newsfile Corp. - May 3, 2024) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (\"Everyday People\" or the \"Company\"), a Canadian-based revenue cycle management consolidator and financial service provider, is pleased to announce its consolidated annual financial and operational results for the year ended December 31, 2023, and the 12- and 15-months year ended December 31, 2022. This news release should be read in conjunction with Everyday People's consolidated financial statements and \"Management's Discussion and Analysis\" report for the year-ended December 31, 2023, which have been posted under the Company's profile on SEDAR+ at www.sedarplus.ca. \"2023 has been a remarkable year for Everyday People. The successful completion of two strategic acquisitions significantly propelled our position as a leader in revenue cycle management (\"RCM\"). The acquisitions of Groupe Solution Collect Solu Inc. (\"Groupe Solution\"), and Arvato Financial Solution...