EMERGE Reports Third Quarter 2023 Results

TORONTO, Nov. 28, 2023 /CNW/ – EMERGE Commerce Ltd. ECOM (“EMERGE” or the “Company”), a diversified acquirer and operator of niche e-commerce brands, today announced results for its three and nine months ended September 30, 2023. Copies of the interim financial statements and MD&A are available on the Company’s profile on SEDAR at www.sedarplus.ca. “Considering the seasonal nature of Q3 for some of our key businesses, and the ongoing macro climate, we’re pleased to have delivered another quarter of positive Adjusted EBITDA. Q3 also marks our third consecutive quarter with gross margin exceeding 50%, reflecting the team’s numerous gross margin enhancement initiatives. Our revenue in Q3 2023 was down vs. Q3 2022 in part due to the unprofitable US operations…

Source: Benzinga
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