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