Ottawa-based Ackroo released its third-quarter report Friday, and its CEO said the loyalty and rewards technology and services provider is aiming to be business break-even in the next year.
Ackroo (TSXV: AKR) posted revenue of $321,972 for the three months ended Sept. 30, up 13 per cent from the previous quarter but down from the same quarter last year.
Gross profit for the quarter was at $244,323, up from the third quarter last year despite lower revenue, due to a 35 per cent reduction in operating expenses.
(Sponsored)
How Carleton is using simulation and visualization to improve training, design and human performance
From healthcare to aviation to architecture, simulation and visualization tools have become an essential part of training, analysis and decision-making in sectors that rely on precision. At Carleton University, researchers
New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
Caroline Cao has been impressed by many aspects of uOttawa’s Faculty of Engineering since being appointed dean in August. But it was after the faculty’s recent Design Day – a
CEO Steve Levely said the company is very focused on continuing to implement cost efficiencies while continuing to expand the reach and depth of its product.
“We also signed our first white label re-seller partner, which we believe is a key milestone in our go-to-market strategy,” Mr. Levely said in a statement. “Overall, we believe that we made substantial progress during this period which we plan to continue into Q4 and beyond.”
Ackroo also announced Dan Liu has been appointed chief financial officer, replacing John Chapman. Mr. Chapman will stay on as a company director and chair of the audit committee.
