Business
Everyday People Financial Reports Strong Financial Results for the Three and Nine Months Ended September 30, 2023
Revenue of $9.4 million for the three months ended September 30, 2023, up 92% as compared to $4.9...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Reports Strong Financial Results for the Three and Nine Months Ended September 30, 2023Revenue of $9.4 million for the three months ended September 30, 2023, up 92% as compared to $4.9 million for the same period in 2022Revenue of $28.2 million for the nine months ended September 30, 2023, up 98% as compared to $14.2 million for the same period in 2022Positive Adjusted EBITDA, net of finance costs for the three and nine months ended September 30, 2023Edmonton, Alberta--(Newsfile Corp. - November 23, 2023) - 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 financial and operational results for the three and nine months ended September 30, 2023. All figures are in Canadian dollars unless otherwise stated. \"We are very pleased with the financial results of our third quarter and that our overall strategy is coming together,\" said Gordon Reykdal, Executive Chairman of Everyday People. \"Adding to our Revenue Cycle Management business segment (\"RCM\")\", this quarter ended with the completion of the acquisition of Arvato Financial Solutions Limited (\"AFS\"), which was formerly part of the Bertelsmann group of companies.\"\"The AFS acquisition has evolved into an esteemed partnership of shared values and the common ideals of human centricity. Everyday People has put together a group of meaningful and purposeful companies that are designed to help underserved consumers improve their financial wellbeing. We believe that everyone deserves a second chance to financially reestablish themselves in an affordable way. We are so proud to have ended the quarter with a new partner who shares in our vision to make a meaningful difference in the industry and the communities we serve while generating value and success for all of our EP stakeholders. The Company will change the name of AFS to Everyday People Financial Solutions Limited (\"EP Solutions\") before December 31, 2023.\"Key Financial Highlights for the Three Months Ended September 30, 2023Revenue of $9.4 million for the three months ended September 30, 2023, up 92% compared to $4.9 million for the same period in 2022.Pro-forma revenue of $11.7 million for the three months ended Septem...