Increased revenue 9% to $21 million; generated net profit of $500,000 for first time since going public TORONTO, May 2, 2024 /CNW/ - Givex Corp. ("Givex") (TSX:GIVX) (OTCQX:GIVXF), is pleased to present its financial results for the three-month period ending March 31, 2024. Givex reports in Canadian dollars and in accordance with International Financial Reporting Standards ("IFRS"). "Achieving net profit alongside revenue growth is a milestone we've been working towards since going public," said Don Gray, CEO of Givex. "Givex continues to entrench itself as a top player in the gift card and loyalty sectors while emerging as a trusted provider of POS and Payment solutions." First Quarter Financial Highlights Three-month period ending March 31, 2024 (with comparisons relative to the three-month period ending March 31, 2023) Revenue of $20.8 million, representing 8.6% growth. Gross Profit of $14.0 million, representing 6.3% growth. Net Income of $492,000, versus a loss in Q1, 2023. EBITDA1 of $1.7 million, a 3,361% increase. Total Gross Transactional Value2 of $1.74 billion, a 10% increase. POS Gross Transactional Value3 of $472 million, a 17% increase. Customer Locations4 of 132,000, an 8% increase. As at March 31, 2024, Givex had $23.7 million in cash and cash equivalents. Operational Highlights Continued product optimization leading to the delisting of low-margin gift card resales, with expected long-term improvements to gross profit. Improved operational efficiencies achieved with ...