tiprankstipranks
StateHouse Holdings Reports Strong Q2 Financials
Company Announcements

StateHouse Holdings Reports Strong Q2 Financials

Story Highlights

StateHouse Holdings (TSE:STHZ) has released an update.

Don't Miss our Black Friday Offers:

StateHouse Holdings has reported a strong second quarter in 2024, with a 10% increase in net revenue to $27.8 million and a significant improvement in gross margin to 50.8%. The company also turned around its financials from a loss to a positive net income of $0.2 million, alongside a notable rise in Adjusted EBITDA to $4.9 million, driven by new product launches and operational efficiencies.

For further insights into TSE:STHZ stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskStateHouse Holdings Faces Bankruptcy and Delisting
TipRanks Canadian Auto-Generated NewsdeskStateHouse Holdings Resumes Trading, Posts Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App