Overview
Canada customer experience solutions firm's Q1 revenue rose 6% yr/yr to C$6.7 mln
Adjusted EBITDA declined due to higher spending on sales, marketing, and technology
Company expanded into grocery sector and invested in AI automation
Outlook
Company targets over $1 mln in merchandising revenue for the yr
Intouch Insight expects double-digit growth for the full yr
Company prioritizes top-line growth and market share over near-term profitability
Result Drivers
TECHNOLOGY & MARKETING INVESTMENT - Adjusted EBITDA decreased reflecting planned strategic investments in sales, marketing, and technology
SAAS & RECURRING REVENUE GROWTH - SaaS revenue rose 11% and recurring services increased 5%, contributing to overall revenue growth
Company press release: ID:nCNWFtfqFa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$6.70 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)