Canada NewsWire
VANCOUVER, April 27, 2017
- Achieved 43% Annual Revenue Growth and 55% Subscription Revenue Growth -
VANCOUVER, April 27, 2017 /CNW/ - Katipult Technology Corp. ("Katipult" or the "Company), an industry leading and award winning fintech company, is pleased to announce its annual and fourth quarter (Q4) financial results for the period ended December 31, 2017.
"2017 was a milestone year for Katipult as we stabilized the product development, initially launching clients in Beta mode and then as full commercial products. We have been very pleased and encouraged by how well our software has been received, as evident by our growing subscription revenue," said Brock Murray, CEO of Katipult. "With a strong product offering in place, global customers validating our value proposition and significant market demand for our platform, our goal for 2018 is to drive sales and marketing and begin to accelerate our growth rate."
Financial Highlights – 2017 Year
Financial Highlights – 2017 Fourth Quarter
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
Statements in this press release contain forward-looking information including, without limitation, the timing and rate of sales growth, if any and the continued satisfaction of current and potential customers. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Katipult. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Katipult. Katipult does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.
SOURCE Katipult Technology Corp.
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