Improvement in Revenue Decrease Rate
Revenue decreased by 8.1% year-over-year, amounting to $51.4 million for Q4 2024, an improvement from a 9.4% decrease in the previous quarter.
Increase in New Customer Acquisitions
New customer acquisitions were 6% higher than the same quarter last year and 28% higher for the year overall.
Completion of Pension Plan Payments
Completed voluntary payments into the pension plan, reaching a wind-up ratio of over 95%, and the Board approved a plan to de-risk the pension plan.
Dividend Declaration
Declared a dividend of $0.25 per common share to be paid on March 17, 2025.
Share Price Increase
The company's share price increased by 23% during the fourth quarter.