Qoria Ltd. ( (FMZNF) ) has released its Q4 earnings. Here is a breakdown of the information Qoria Ltd. presented to its investors.
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Qoria Ltd. is a technology company specializing in cyber safety, providing a platform for online safety tools and advice to protect children in digital environments. In its latest earnings report, Qoria Ltd. announced a significant increase in annual recurring revenue (ARR) by 25% to $145 million and a remarkable 684% growth in EBITDA to $15.4 million, reflecting strong business performance and strategic growth. Key highlights include the acquisition of Octopus BI, which enhances Qoria’s capabilities in the K-12 data analytics market, and strategic partnerships in the UK, Japan, and the US, expanding its global footprint. Despite reporting a net loss of $35.9 million, the company has improved its financial position compared to the previous year and is focused on achieving sustainable profitability. Looking forward, Qoria Ltd. is well-positioned for continued growth, with plans to expand its product offerings and market reach, aiming to become a global leader in online safety and education technology.