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Stock impact report

Via Renewables, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

Via Renewables, Inc. - Class A (VIA) 
US:NASDAQ Investor Relations: ir.viacom.com
Company Research Source: Yahoo! Finance
retail energy services company, today reported financial results for the year ended December 31, 2023. Key Business Highlights Recorded $(0.9) million in Net Loss and $13.3 million in Adjusted EBITDA for the fourth quarter Achieved $25.4 million in Gross Profit and $33.7 million in Retail Gross Margin for the fourth quarter Achieved $26.1 million in Net Income and $56.9 million in Adjusted EBITDA for the year ended 2023 Achieved $124.4 million in Gross Profit and $136.7 million in Retail Gross Margin for the year ended 2023 Average monthly attrition of 3.4% Total liquidity of $116.0 million as of December 31, 2023 "We finished the year with higher Net Income and Adjusted EBITDA compared to the prior year due to favorable market conditions. Our organic sales channels have performed well and we were able to stay on top of attrition and slightly grow the book for the year," said Keith Maxwell, Via Renewables' Chief Executive Officer. Summary Fourth Quarter 2023 Financia Show less Read more
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