NowVertical Group Reports Fourth Quarter and Full Year 2021 Results and Other Recent Developments
Summary
• Q4 2021 Adjusted Revenues was $1.5 million1, an increase of 312% over Q4 2020 • 2021 Pro Forma TTM Adjusted Revenues was $7.0 million1, an increase of 126% over 2020 • Current Pro Forma 2021 Adjusted Revenues was $30.5 million1 as at April 6, 2022, an increase of nearly ten times since May 24, 2021 (release date) TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSX-V: NOW) (“NOW” or the “Company”), a big data, analytics and vertical intelligence (“VI”) software and services company, today announces its financial results for the three and twelve months ended December 31, 2021. Our growth to date has been phenomenal, and we have done it while focusing on making accretive acquisitions in a competitive market,” said Daren Trousdell, CEO of NOW. The NOW product suite enables the creation of high-value VI solutions that are predictive in nature and drive automation specific to each high-value industry vertical. This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Companys current expectations regarding future events. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS.