- Kontrol CEO stated in a news release that KNR exited 2018 with a $16 million annualized run rate and positive adjusted EBITDA in Q4
- In Q4, KNR reported a 100 percent YOY increase in sales from the comparable period in 2017
- The sales increase was attributed to a combination of organic growth and accretive acquisitions
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) recently announced sharply higher sales in FY2018, driven by a 100 percent YOY performance gain in Q4. For FY2018, which ended December 31, 2018, KNR reported $10.7 million in sales, marking a 56 percent YOY increase from $6.9 million in 2017. The company likewise recorded a 100 percent jump in revenues for Q4 to $4.1 million, up from $2.0 million in the prior year (http://nnw.fm/wgI4p).
A combination of organic growth and accretive acquisitions was responsible for KNR’s 2018 performance, the company reported. In addition to the 100 percent YOY sales increase in Q4, the company recorded a…
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