NowVertical Group Inc. Reports Third Quarter 2024 Financial Results
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NowVertical Group Inc. reported its Q3 2024 financial results, showing a 9% year-over-year revenue increase excluding divestitures, but a 29% decline on a reported basis. Net income rose significantly by 381% excluding divestitures, and 144% on a reported basis. The company will host an investor webinar on November 14, 2024.
November 14, 2024 | 12:15 pm
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NowVertical Group Inc. reported a 9% revenue increase excluding divestitures and a 381% rise in net income for Q3 2024. However, on a reported basis, revenue declined by 29%.
The significant increase in net income and revenue growth excluding divestitures is positive for NOWVF, suggesting operational improvements. However, the reported revenue decline may concern some investors. Overall, the positive net income growth is likely to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100