PowerBand Solutions reports Q1 revenue $627,332 vs. $838,693 last year

The revenue for the first quarter of 2024 is primarily from the servicing of the existing lease portfolio. Adjusted EBITDA loss for the first quarter of 2024 is relatively consistent with Q4/2023 which is the result of the cost management initiative by the Company to maintain the operating expenses at the minimal as required for the planned growth. Cash on hand as at March 31, 2024 was $1,934,209 compared to $1,937,182 as at December 31, 2023.