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

Where agencies see long-term growth: study

NTW Designs Launches New Site

Auto Sales are booming - More advertising coming.