Powerband Solutions (TSE:PBX) has released an update.
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PowerBand Solutions, a fintech provider in the automotive industry, reported mixed financial results for Q2 2024, with a decrease in revenue from the previous quarter to $542,166 but an increase from the same quarter last year. The company managed to reduce its adjusted EBITDA loss despite the lower revenue, thanks to cost management initiatives. Additionally, PowerBand’s cash on hand grew to $2.22 million, signaling a strong cash position.
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