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Emerge Commerce Ltd ( (TSE:ECOM) ) has shared an announcement.
EMERGE Commerce Ltd. reported significant financial improvements in Q4 2024, achieving a 17% year-over-year increase in gross merchandise sales and a 15% rise in revenue. The company realized positive adjusted EBITDA for the quarter, marking a turnaround from a loss in the previous year, and increased its cash position to over $3 million. This growth is attributed to successful strategic shifts and the sale of non-core assets, positioning EMERGE for continued momentum in 2025.
More about Emerge Commerce Ltd
EMERGE Commerce Ltd. is a premium e-commerce brand portfolio company focused on managing a range of online businesses. It aims to streamline operations through a centralized strategy, known as EMERGE 2.0, focusing on brands like truLOCAL and its golf business to drive growth.
YTD Price Performance: 10.0%
Average Trading Volume: 196,581
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$7.65M
For detailed information about ECOM stock, go to TipRanks’ Stock Analysis page.
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