10:02 AM EST - Propel Holdings Inc. : Today reported its financial results for the three months and fiscal year ended December 31, 2022. All amounts are expressed in U.S. dollars unless otherwise stated. Revenue increased by 52% to $62.5 million in Q4 2022, and increased by 75% to $226.9 million for fiscal year 2022, representing record performance for both periods. Adjusted EBITDA increased by 427% to $13.8 million in Q4 2022, and increased by 61% to $40.8 million for fiscal year 2022, representing record performance for both periods. Net Income increased to $5.0 million in Q4 2022 from $(2.2) million in Q4 2021, and increased by 131% to $15.1 million for fiscal year 2022, representing record performance for a 12-month period ending Q4 2022. Propel Holdings Inc.
shares T.PRL are trading down $0.09 at $7.01.
