Ciscom Corp. (TSE:CISC) has released an update.
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Ciscom Corp. reported a remarkable year with revenues soaring to $35.2 million, a 138% increase, spurred by the acquisition of Prospect Media Group. The company’s strategic initiatives led to a 200% rise in gross profit to $6.9 million and an impressive turnaround to positive cash flows of $1.3 million in 2023. Despite a net loss, due to non-cash expenses and one-time costs, Ciscom’s overall financial health appears strong with improved operational efficiency and a focus on future growth.
For further insights into TSE:CISC stock, check out TipRanks’ Stock Analysis page.
