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PopReach Corporation ( (TSE:INIK) ) has issued an update.
Ionik Corporation reported strong financial results for the first quarter of 2025, with a 62% increase in Adjusted EBITDA and a 21% rise in gross profit compared to the same period in 2024. Despite a slight decrease in revenue due to economic uncertainties and strategic shifts, the company managed to improve its gross profit margins and reduce senior debt by $3.9 million. However, a technical breach of a financial covenant under its Syndicate Debt Facility was noted, with ongoing discussions for a waiver anticipated to resolve the issue favorably.
The most recent analyst rating on (TSE:INIK) stock is a Buy with a C$0.35 price target. To see the full list of analyst forecasts on PopReach Corporation stock, see the TSE:INIK Stock Forecast page.
More about PopReach Corporation
Ionik Corporation is a data and technology-driven marketing and advertising solutions company.
Average Trading Volume: 82,260
Technical Sentiment Signal: Sell
Current Market Cap: C$44.3M
See more data about INIK stock on TipRanks’ Stock Analysis page.