Kontrol Technologies Corp. (TSE:KNR) 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.
Kontrol Technologies Corp. reported a positive first quarter in 2024, with revenues of $3.8 million and a significant improvement in net income, turning a prior loss into a $533,487 gain. The company also saw an increase in adjusted EBITDA and enjoyed a higher gross margin of 62%. Additionally, their financial health was bolstered by receiving $5.8 million from the sale of a subsidiary, leading to positive cash flows from operating activities.
For further insights into TSE:KNR stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money