Propel Holdings delivers massive Quarter - Seeing growth and improved profitability

 Propel Holdings is a Canadian company with US and Canadian clients.   They operate in the short term pay today business.  Using very special tools to understand the quality of each borrower - CEO Clive Kinross has developed 3 distinct businesses in Canada and US.   

2023 saw large insider buying as execs were excited to buy any sub 10 dollar shares - those shares are now trading north of 17 dollars and paying a solid dividend of 12 cents per quarter.  

PRL saw earnings and revenue all setting records.  New clients were through the roof.  

Q4 Numbers - 

  • Revenue: increased by 54% to $96.0 million in Q4 2023, and increased by 40% to $316.5 million for fiscal 2023, representing record performance for both periods

  • Adjusted EBITDA1increased by 62% to $22.4 million in Q4 2023, and increased by 87% to $76.3 million for fiscal 2023, representing record performance for both periods

  • Net Income: increased by 68% to $8.5 million in Q4 2023, and increased by 84% to $27.8 million for fiscal 2023, representing record performance for both periods

Remember to do your own due diligence. 

 

Comments

Popular posts from this blog

NTW Designs Launches New Site

Where agencies see long-term growth: study

Auto Sales are booming - More advertising coming.