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General

Optiva lifts Q1 profit on continued cost efficiencies

Wednesday 12 May 2021 | 13:17 CET | News
Optiva reported sharply higher profits for the first quarter, despite lower revenues, boosted by extensive cost controls and efficiencies and changes in warrant valuations. Revenues for the quarter slid to USD 16.0 million from 19.0 million, while the net profit leaped to USD 16.7 million from 808,000 and the adjusted EBITDA went to a profit of 4.9 million from a loss of 5.3 million.

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Categories: General
Companies: Optiva
Countries: World
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