This product suite is fundamental to our profitable growth strategy, as it facilitates product cross-selling and plays a vital role in driving the success of our dealerships, thereby increasing value for both Quorum and its customers.” Consolidated Results for Q4 2024 and Fiscal Year 2024 Q4 2024%ChangeQ4 2023 2024% Change2023Total Revenue$10,008,563 1% $9,920,932 $39,953,997 (1%) $40,263,528 SaaS Revenue$7,183,148 2% $7,017,756 $28,839,189 2% $28,191,238 BDC Revenue$2,558,313 (1%) $2,588,181 $9,973,810 (8%) $10,880,534 Recurring Revenue$9,741,461 1% $9,605,937 $38,812,999 (1%) $39,071,772 Gross Margin$4,848,227 0% $4,844,654 $19,810,340 3% $19,262,519 Gross Margin %48% 49% 50% 48% Net Income (Loss) per Share$0.003 $(0.014) $0.035 $0.003 Net Income (Loss)$244,754 123% $(1,049,589) $2,545,951 988% $233,950 Adjusted EBITDA$1,960,886 (6%) $2,084,217 $8,309,000 18% $7,036,468 Adjusted EBITDA Margin20 21% 21% 17% Cash EBITDA$1,233,620 10% $1,117,577 $5,457,906 89% $2,889,317 Cash EBITDA Margin12 11% 14% 1% Fourth Quarter Results Total revenue increased by 1% to $10.0 million in Q4 2024 compared to Q4 2023.
Adjusted EBITDA1 up 18% to $8.3 Million for 2024 Cash EBITDA2 up 89% to $5.5 Million for 2024 CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc.(TSX-V: QIS) ("Quorum”), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ("OEMs”) rely on for their operations, released its results today for the fourth quarter and fiscal year ended December 31, 2024.
Quorum Q4 and Fiscal Year 2024 Results Conference Call Details and Investor Presentation Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q4 and Fiscal Year 2024 Results at a conference call with concurrent audio webcast, scheduled for: Date:Thursday, April 17th, 2025 Time:11:00 am MT (1:00 pm ET) Conference:Quorum Year End 2024 Annual Results Conference Call (Dial-In Information)1.
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Author / Journalist: Quorum Information Technologies Inc.
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