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Sabio Delivers Record Revenues and Adjusted EBITDA Profitability in Q4 and 2024 Fiscal Year, Based on Preliminary Results
Sabio Delivers Record Revenues and Adjusted EBITDA Profitability in Q4 and 2024 Fiscal Year, Base...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n\n\n\n Sabio Delivers Record Revenues and Adjusted EBITDA Profitability in Q4 and 2024 Fiscal Year, Based on Preliminary Results\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Record full-year consolidated revenues of approximately\n \n US$49.3 million\n \n to\n \n US$49.5 million\n \n in FY2024, an increase of 37% compared to the prior year, with a gross margin of approximately 60%.\n \n\n\n\n Record full-year Adjusted EBITDA\n \n\n\n 1\n \n\n\n of approximately\n \n US$3.6 million\n \n to\n \n US$3.8 million\n \n in FY2024 (achieving an Adjusted EBITDA\n \n\n\n 1\n \n\n\n margin of approximately 7% to 8%) compared to an Adjusted EBITDA\n \n\n\n 1\n \n\n\n loss of\n \n US$1.8 million\n \n in the prior year.\n \n\n\n\n Ended year with cash balance of\n \n US$3.3 million\n \n .\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Feb. 18, 2025\n \n\n /CNW/ --\n \n Sabio Holdings Inc\n \n . (TSXV: SBIO) (OTCQB: SABOF) (the \"\n \n Company\n \n \" or \"\n \n Sabio\n \n \"), a California-based ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands, is pleased to announce preliminary unaudited financial results for the Company's three-months ended\n \n December 31, 2024\n \n , ahead of its audited full-year 2024 earnings release.\n \n Unless otherwise indicated, all amounts are expressed in U.S. dollars.\n \n\n\n \"We are pleased to have delivered the best quarterly and annual financial results in Sabio's history, having ended 2024 with nearly\n \n CAD$70 million\n \n\n 2\n \n in revenue,\" commented\n \n Sajid Premji\n \n , Sabio's CFO. \"Normalizing for political ad sales, this increase was driven by ad-supported streaming that continues to grow at a double-digit rate. Our execution and focus to create a leaner cost structure enabled Sabio to achieve its highest Adjusted EBITDA\n \n 1\n \n margins as a public company while also making important investments to drive further growth. This includes expansion into fast-growing international markets and a ne...