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Propel Holdings Inc(PRL-T)
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Stocks in play: Propel Holdings Inc.

Baystreet - Wed Mar 22, 2023

Today reported its financial results for the three months and fiscal year ended December 31, 2022. All amounts are expressed in U.S. dollars unless otherwise stated. Revenue increased by 52% to $62.5 million in Q4 2022, and increased by 75% to $226.9 million for fiscal year 2022, representing record performance for both periods. Adjusted EBITDA increased by 427% to $13.8 million in Q4 2022, and increased by 61% to $40.8 million for fiscal year 2022, representing record performance for both periods. Net Income increased to $5.0 million in Q4 2022 from $(2.2) million in Q4 2021, and increased by 131% to $15.1 million for fiscal year 2022, representing record performance for a 12-month period ending Q4 2022. Propel Holdings Inc. shares T.PRL are trading down $0.09 at $7.01.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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