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Spotlio AS Achieves First Profitable Quarter Amid Revenue Decline

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Spotlio AS Achieves First Profitable Quarter Amid Revenue Decline

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Canopy Holdings AS ( (DE:6UK) ) just unveiled an update.

Spotlio AS reported a revenue of USD 2.6 million for the third quarter of the fiscal year 2024/25, marking a 5% decrease from the previous year. However, the company achieved its first profitable quarter with an EBITDA of USD 0.1 million, a significant improvement from the previous year’s negative EBITDA. Spotlio is negotiating with lenders to extend a USD 1.7 million senior debt facility, which is set to mature in April 2025, aiming for an extension until April 2026.

More about Canopy Holdings AS

Spotlio AS is a pioneering company in the destination digital technology industry, providing customized solutions such as apps and e-commerce platforms. The company focuses on enhancing consumer interactions with resorts, parks, and attractions globally, offering innovative white label digital solutions and pricing services.

YTD Price Performance: 100.0%

Average Trading Volume: 4,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €5.69M

For an in-depth examination of 6UK stock, go to TipRanks’ Stock Analysis page.

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