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 EBITDA1: increased 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.
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