For the fiscal year 2024, Quisitive is projecting revenue from continuing operations between $119 million and $121 million, and pro forma adjusted EBITDA from continuing operations between $15 million and $16 million. The company also highlighted operational achievements, including the completion of the hiring process for specialized roles within Quisitive’s AI Blackbelt Team, the development of an AI Innovation Center, and being awarded the 2024 Microsoft Analytics Partner of the Year.
Key takeaways:
- Quisitive Technology Solutions Inc. reported its financial results for the third quarter ended September 30, 2024, with revenue from continuing operations improving to $30.7 million compared to $29.6 million for the second quarter ended June 30, 2024.
- The company's gross profit from continuing operations also improved to $13.2 million compared to $12.5 million for the second quarter ended June 30, 2024.
- Quisitive completed the hiring process of specialized roles within its AI Blackbelt Team through Microsoft’s AI program investment and developed an AI Innovation Center for customers operating in the Azure environment.
- The company provided guidance for fiscal year 2024, expecting revenue from continuing operations to be between 119,000,000 and 121,000,000, and Pro Forma Adjusted EBITDA from Continuing Operations to be between 15,000,000 and 16,000,000.