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Ackroo Inc. (V:AKR)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
 
Company Contact
Address: 1250 South Service Rd
Unit A3-1 (3rd Floor)
HAMILTON ON L8E 5R9
Tel: N/A
Website: https://ackroo.com
IR: See website
Key People
Steve Levely
Chief Executive Officer, Director
   
Business Overview
Ackroo Inc. provides marketing, payment, and point-of-sale solutions for merchants of all sizes. It develops and sells an online loyalty and rewards platform. The Company also offers e-gift card, GiftFly, for small to medium sized merchants. Its self-serve, data-driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale. Its payment services provide merchants with low-cost payment processing options through payment technology and service providers. Its hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries, including, golf clubs, automotive dealers and more. Its solutions are focused on helping to consolidate, simplify and enhance the merchant marketing, payments, and point-of sale ecosystem for their clients. Its Simpliconnect business offers software as a service, focused on driving client engagement.
Financial Overview
For the nine months ended 30 September 2023, Ackroo Inc revenues increased 8% to C$5.1M. Net income totaled C$381K vs. loss of C$2.2M. Revenues reflect Subscription increase of 10% to C$4.4M, Product increase of 1% to C$642K. Net Income reflects Consulting settlement decrease from C$1.2M (expense) to C$0K, Amortization of intangible assets decrease of 49% to C$582K (expense), Research decrease of 16% to C$773K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $15.98M as of Dec 31, 2023
Annual revenue (TTM): $6.66M as of Dec 31, 2023
EBITDA (TTM): $1.49M as of Dec 31, 2023
Net annual income (TTM): $0.50M as of Dec 31, 2023
Free cash flow (TTM): $0.60M as of Dec 31, 2023
Net Debt Last Fiscal Year: $4.30M as of Dec 31, 2023
Shares outstanding: 115,304,952 as of Dec 12, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization