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Kovo HealthTech Reports 3rd Quarter 2023 Financial Results
New Contracts and Organic Growth Contribute Quarter-over-Quarter Revenue Rise Company Maintain...
About this update from Kovo+ Holdings Inc
[{"type":"text","content":"Kovo HealthTech Reports 3rd Quarter 2023 Financial ResultsNew Contracts and Organic Growth Contribute Quarter-over-Quarter Revenue RiseCompany Maintains Anticipated 2023 ARR Projection of USD$12M Vancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - Kovo HealthTech Corporation (TSXV: KOVO) (the \"Company\" \"Kovo\") — a leader in healthcare technology and Billing-as-a-Service — today reported its third quarter financial results for the three month period ending September 30, 2023.4%+ Quarter-over-Quarter Revenue GrowthKovo posted USD$2.73 million in revenue for the quarter ended September 30, 2023, which represents a 4% Quarter-over-Quarter increase compared to the period ending June 30, 2023. On an annual basis, the company achieved 5% revenue growth during the quarter compared to the same period in 2022. Kovo signed four new clients during the quarter with billing expected to commence in Q4 2023.Kovo On-Track for 2023 ARR Projection +9%Based on Kovo's sustained growth, the Company confirms it is on-track to meet its anticipated and previously announced 2023 ARR projection of USD$12 million.\"Kovo is seeing strong interest in the company's solutions and this is reflected in our organic growth,\" explains Kovo CEO Greg Noble. \"Our transformation of Kovo's OneRev solution to the innovative KovoCloud platform is fuelling this interest and laying solid foundations for continued growth. KovoCloud is tailored to solve the specialized technology needs of US-based small and medium-sized healthcare providers and offers healthcare providers advanced features, billing workflows and analytics that combine modern software design simplicity with the power to scale to support enterprise level efficiency,\" he says. Quarter Highlights:Listed in thousands USD unless otherwise specifiedTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8064/189112_kovotable.jpgDetailed Quarterly Financial Statements, the Company's MD&A and related documents can be accessed at www.sedarplus.caAbout Kovo HealthTech CorporationKovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for more than 2250 US healthcare providers. Kovo helps healthcare providers digitally track a...