Serko Ltd. ( (SERKF) ) has released its Q4 earnings. Here is a breakdown of the information Serko Ltd. presented to its investors.
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.
Serko Ltd. is a technology company specializing in simplifying business travel through its innovative software solutions, serving millions of travelers and thousands of organizations worldwide. In its latest earnings report, Serko Ltd. announced a 27% increase in total income, reaching $90.5 million, driven by strong demand for its Booking.com for Business platform and the acquisition of GetThere. Key financial highlights include a positive EBITDAFI of $2.8 million, a net loss after tax of $22 million, and a 24% decrease in cash on hand post-acquisition. The company also reported significant growth in completed room nights and active customers, alongside strategic investments in North America and technology enhancements. Looking ahead, Serko Ltd. remains optimistic about its growth prospects, with expectations for continued income growth and expansion in North America, supported by ongoing investments in technology and operational efficiency.