Business
VerticalScope Achieves Double-digit Revenue, Adjusted EBITDA and Cash Flow Growth in the Fourth Quarter of 2024
Q4 Revenue increased 11% to $19.9 million Q4 Adjusted EBITDA increased 22% to $10.1 million Q...
About this update from Verticalscope Holdings, Inc.
[{"type":"text","content":"VerticalScope Achieves Double-digit Revenue, Adjusted EBITDA and Cash Flow Growth in the Fourth Quarter of 2024\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth20 { width: 20% }\n.bwwidth52 { width: 52% }\n.bwwidth59 { width: 59% }\n.bwwidth60 { width: 60% }\n \n\n\n\n Q4 Revenue increased 11% to $19.9 million\n \n Q4 Adjusted EBITDA increased 22% to $10.1 million\n \n Q4 Free Cash Flow increased 17% to $9.4 million\n \n Record Q4 114 Million Monthly Active Users, up 6% from prior year\n \n\n\n Unless otherwise stated, all amounts are in US dollars.\n \n\n\n\n\n VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF), a technology company that has built and operates a cloud-based digital platform for online enthusiast communities, today announced financial results for the fourth quarter ended December 31, 2024 (\"Q4\" or \"the quarter\").\n \n\n “I am very proud of what our team accomplished in 2024. We grew our revenue by double-digits organically and have vastly improved our financial position which will allow us to aggressively pursue growth in the year ahead. For the full year, revenue increased by 13% and Adjusted EBITDA by 27%,” said Rob Laidlaw, Founder, Chair and CEO of VerticalScope. “Q4 saw a continuation of the strong trends we’ve experienced over the past several quarters. MAUs grew 6% YoY to 114 million while revenue improved by 11%, led by strength in both programmatic and direct advertising channels.”\n \n\n Mr. Laidlaw continued, “We were pleased to see Adjusted EBITDA margins reach 51% in Q4 as most of our revenue ga...