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Spotlio AS Eyes Profitability Amidst Growth

Spotlio AS Eyes Profitability Amidst Growth

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

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Spotlio AS, a leader in destination digital technology, registered revenues of USD 7.3 million for the fiscal year 2023/24, with an adjusted EBITDA of USD -2.9 million. Despite challenging economic conditions, the company has initiated significant cost-saving measures, projecting a path to profitability and highlighting substantial commercial traction with new deals and higher margin products. Looking forward, the CEO expresses confidence in achieving sustainable growth through continued strategic implementation.

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