Business
Everyday People Financial Reports Strong Financial Results for the Three and Nine Months Ended September 30, 2024
Revenue increased by 89% from $9.4 million to $17.8 million for the three months ended September ...
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, 2024Revenue increased by 89% from $9.4 million to $17.8 million for the three months ended September 30, 2024.Revenue increased by 71% from $28.2 million to $48.3 million for the nine months ended September 30, 2024. Net income before tax increased by 451% from a loss of ($0.450 million) to a profit before tax of $1.6 million for the three months ended September 30, 2024, as compared to the same period in 2023.Net income before tax increased by 259% from a loss of ($2.3 million) to a profit before tax of $3.7 million for the nine months ended September 30, 2024, as compared to the same period in 2023.Adjusted EBITDA increased by 172% to $3.1 million for the three months ended September 30, 2024, as compared to the same period in 2023.Adjusted EBITDA increased by 231% to $8.6 million for the nine months ended September 30, 2024, as compared to the same period in 2023.Edmonton, Alberta--(Newsfile Corp. - November 14, 2024) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (\"Everyday People\" or the \"Company\"), a financial service provider, is pleased to announce its consolidated record financial results for the three and nine months ended September 30, 2024. All figures are in Canadian dollars unless otherwise stated. \"We are very pleased to announce that Everyday People has achieved strong financial results, marking a significant milestone for our Company,\" said Gordon Reykdal, Executive Chairman of Everyday People. \"With the strong results it has strengthened our balance sheet, and we are well-positioned to capitalize on growth opportunities, further reduce debt, and continue delivering long-term success for our Company and our stakeholders.\"Management Commentary and Financial Results per Business Pillar The Company is pleased to report another solid quarter and remains on track for a record profitable finish to 2024, with expectations for an even stronger 2025. This outlook is supported by the closing of the CCS Group Holding Limited acquisition in the fourth quarter. 1Adjusted EBITDAThree months endedSeptember 30, 2024($)Three months endedSeptember 30, 2023($)Nine months endedSeptember 30, 2024($)Nine months endedSeptember 30, 2023($)Adjusted EBITDA reconciliation Net income (loss) before tax1,577,671(...