PopReach Corporation (TSE:INIK) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
PopReach Corporation, known as Ionik, reported a notable increase in revenue and EBITDA for Q2 2024, with revenues rising 26% to $44.8 million and adjusted EBITDA soaring 52% to $5.5 million. This financial growth is attributed to recent acquisitions and organic growth. The company also managed to reduce senior debt by $2.8 million, reflecting a strong financial performance.
For further insights into TSE:INIK stock, check out TipRanks’ Stock Analysis page.