tiprankstipranks
Trending News
More News >

Kontrol Technologies Reports Robust 2023 Financials

Kontrol Technologies Reports Robust 2023 Financials

Kontrol Technologies Corp. (TSE:KNR) has released an update.

Confident Investing Starts Here:

Kontrol Technologies Corp. has reported a strong financial performance for the fiscal year 2023, with a 16% increase in annual revenues to $18.8 million and a significant improvement in gross profit, which rose 32% to $11.6 million. The company also saw a positive shift in cash flows from operating activities, boasting $3.7 million, and successfully rebranded its building solutions under ‘Kontrol Buildings.’ Despite these gains, the year concluded with a net loss from continuing operations due to a one-time restructuring charge.

For further insights into TSE:KNR stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App