Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy efficiency sector through IoT, Cloud and SaaS technology, today announced its fiscal 2018 financial results for the year ended December 31, 2018. According to the update, the company’s revenue for the year ending December 31, 2018 was $10.7 million, reflecting a 56 percent increase over the prior year, and revenue for the fourth quarter was $4.1 million, up 100 percent over the comparable quarter of the prior year. The company will host a conference call on April 30, 2019 at 4:30 p.m. Eastern Time to discuss the results, and a complete set of financial statements and management’s discussion & analysis will be filed on SEDAR (www.SEDAR.com). “2018 was an important year of growth for Kontrol. In addition to delivering strong year over year revenue growth, we achieved record revenues in our Q4 2018 of $4.1 million and positive adjusted EBITDA,” Kontrol Energy CEO Paul Ghezzi said in the news release. “We exit 2018 with a revenue run rate of $16 million annualized. With our continued organic growth and next acquisition target announced we look forward to a robust fiscal 2019.”
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About Kontrol Energy
Kontrol Energy Corp. is a leader in the energy efficiency sector through IoT, cloud and SaaS technology. With a disciplined mergers-and-acquisition strategy combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to its customers designed to reduce overall cost of energy while providing a corresponding reduction in greenhouse gas emissions. For more information, visit the company’s website at www.KontrolEnergy.com.
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