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Vaso Corporation Announces Financial Results for Fourth Quarter and Full Year of 2023

VASO CORPORATION (VASO) 
Company Research Source: GlobeNewswire
PLAINVIEW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Vaso Corporation (“Vaso”) (OTCQX: VASO) today announced its operating results for the three months and year ended December 31, 2023. “The Company continued the growth trend in fiscal year 2023 and reached another record annual revenue of $81.0 million, an increase of 2.2% year-over-year. We are particularly pleased to see all three of our businesses attaining higher revenue over the prior year,” commented Dr. Jun Ma, President and Chief Executive Officer of Vaso Corporation. “Net income for the year was $4.8 million, despite additional significant investments during the year on a new program in the professional sales service segment, on product development efforts in the equipment segment, and on corporate undertakings such as investment banking activities, etc. We believe these investments and initiatives will lead to further growth of our businesses and increase the shareholder value of the Company.” “The Company continued to g Show less Read more
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