Wondr Gaming Corp (TSE:VRTS) has released an update.
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Vertiqal Studios reported a robust financial performance for fiscal year 2023, with revenues up by 36% and a significant reduction of 51% in adjusted EBITDA losses, indicating strong operational efficiency and strategic growth. The company saw a considerable improvement in gross margins and has a positive revenue outlook for fiscal 2024, with an expected 79% growth driven by new brand deals. Strategic acquisitions and leadership enhancements have also positioned Vertiqal Studios for continued expansion.
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