Achieves positive net income for the second consecutive quarter and generates 6-month EBITDA of $3.6 million, a 470% year over year improvement TORONTO, July 29, 2024 /CNW/ - Givex Corp. ("Givex") (TSX:GIVX) (OTCQX:GIVXF), is pleased to present its financial results for the six-month period ending June 30, 2024. Givex reports in Canadian dollars and in accordance with International Financial Reporting Standards ("IFRS"). "By maintaining our strategic focus on profitable growth, we've achieved another quarter of year-over-year improvements across all key metrics, including revenue, gross profit, and net income," stated Don Gray, CEO of Givex. "We're optimistic this trend will continue for the remainder of 2024, given new business opportunities we're actively pursuing." Second Quarter Financial Highlights Three-month period ending June 30, 2024 (with comparisons relative to the three-month period ending June 30, 2023) Revenue of $20.9 million, representing 7% growth. Gross Profit of $15.2 million, representing 8% growth. Net Income of $0.2 million, versus a $1.0 million loss in Q2, 2023. EBITDA1 of $1.9 million, a 224 % increase. Total Gross Transactional Value2 of $2.29 billion, an 8% increase. POS Gross Transactional Value3 of $ 529 million, a 12% increase. Customer Locations4 of 133,000, a 7% increase. As at June 30, 2024, Givex had $24.2 million in cash and cash equivalents. Six-month period ending June 30, 2024 (with comparisons relative to the six-month period ending June 30, 2023) Revenue of $41.7 million, representing ...