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Yangaroo Announces Q3'2024 Financial Results

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
In the three months ended September 30, 2024, operating income soared to $348,983, while normalized EBITDA climbed to $466,458 - significant increases from $110,704 and $337,815, respectively, in Q2 2024. This strong performance was driven by strategic cost reductions across headcount, marketing, technology, and general and administrative expenses.
Yangaroo Inc. announced its financial results for the third quarter of 2024, highlighting a revenue increase to $2.3 million, up 12% from $2.05 million in the same quarter of the previous year. The company reported a net income of $150,000, a significant improvement from a net loss of $200,000 in Q3 2023. This growth was attributed to higher demand for their digital media distribution services, particularly in the advertising sector. Yangaroo also noted an expansion in their customer base and an increase in operational efficiency. The company's CEO, Grant Schuetrumpf, expressed optimism about future growth, citing ongoing investments in technology and strategic partnerships.

Read the Full Stockhouse Article at [ https://stockhouse.com/news/press-releases/2024/11/28/yangaroo-announces-q3-2024-financial-results ]