Published on 8 Nov 2023 on GuruFocus.com via Yahoo Finance
Steel Connect Inc (STCN) Reports Significant Increase in Net Income and Adjusted EBITDA for Q4 ...
Q4 net income from continuing operations soared to $8.1 million, up from $2.9 million year-over-year.Adjusted EBITDA for Q4 increased to $10.6 million, a significant rise from $4.7 million in the prior year.Fiscal Year 2023 net income attributable to common stockholders turned positive at $13.5 million, recovering from a net loss of $13.1 million in the prior year.Despite a decrease in net revenue, the company achieved a substantial improvement in profitability metrics.
Warning! GuruFocus has detected 2 Warning Signs with STCN.