Ackroo Releases Q2 2022 Financial Results

HAMILTON, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, has filed its financial results for the period ended June 30, 2022. The results for the period ended June 30^th, 2022 reflect 8% year over year revenue growth which now has year to date revenue growth at 14%. The Company achieved an 8% year over year increase in subscription revenue growth which now has year to date revenue growth at 17%. The Company also achieved $312,307 of positive adjusted EBITDA during the quarter representing a year over year increase of 594% and equates to 20% of total revenues. The Company expects these positive trends to continue as they execute on their renewed plans to consolidate, simplify and improve the merchant marketing, payments and point-of-sale industry.