Spetz Inc. Reports Doubling of Revenue in 2023 Financial Results

Spetz Inc. announced a significant increase in revenue for the fiscal year ended December 31, 2023, with figures reaching $2.031 million, doubling from $0.997 million the previous year. Additionally, the company noted a decrease in adjusted EBITDA loss from -$1.493 million in 2022 to -$1.239 million in 2023. These financial improvements signal the company's recovery and operational adjustments following past challenges.

CEO Yossi Nevo highlighted the successful implementation of an efficiency plan initiated in May 2023, which has led to a reduction in expenses and an overall improvement in cash flow. Nevo asserts that these efforts are part of Spetz's commitment to securing robust financial health and enhancing the company's marketplace position.

The full financial details and management commentary are available via the company's recent publications on its website and SEDAR, providing stakeholders with insight into the fiscal intricacies and strategic movements of Spetz Inc. during the last financial year.