Applied UV Announces Third Quarter 2023 Financial Results, Revenue Increases to $11.4 Million, Adjusted EBITDA (non-GAAP) Improves 30.8% Year Over Year [Yahoo! Finance]
Applied UV, Inc. (AUVI)
Company Research
Source: Yahoo! Finance
specialty building solutions today announced financial results for the third quarter and nine months ended September 30, 2023. “With continued strong revenue momentum and sustained progress on the path to profitability, we are delivering against the key milestones we laid out earlier this year. I'm proud of how our teams are executing our growth strategy,” said Max Munn, CEO of Applied UV. “Our innovation and commercial capabilities continue to enhance the value proposition of our brands and we have made meaningful progress on our transformation initiatives to improve our operational execution. We remain confident that these efforts will position us to deliver significant value over the long-term.” Financial Highlights - Third Quarter Total revenues for the third quarter of 2023 of $11.4 million, representing a 94.8% increase over the third quarter of 2022 Gross profit grew to $2.7 million in the third quarter of 2023, up 216.6% from $0.8 million in the third quarter of 2022.
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