Spotlio AS Advances Towards Profitability

Canopy Holdings AS (DE:6UK) has released an update.

Spotlio AS, a leader in destination digital technology, reports a revenue of USD 7.3 million and a reduced negative EBITDA of USD -1.7 million, signaling progress towards profitability. The company also secured a new USD 1.7 million debt facility, bolstering its financial position with an April year-end cash balance of USD 0.6 million. These moves come after a year marked by significant cost reductions and overcoming challenges.

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