Welcome to our dedicated page for Spetz news (Ticker: DBKSF), a resource for investors and traders seeking the latest updates and insights on Spetz stock.
Spetz Inc (DBKSF) operates a global AI-powered marketplace connecting consumers with vetted service providers across key international markets. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders tracking its technological evolution and market position.
Investors and analysts will find timely updates on earnings reports, partnership agreements, and operational milestones. The curated collection includes press releases related to AI platform enhancements, blockchain integration through strategic acquisitions, and financial restructuring initiatives aimed at improving operational efficiency.
Regular visitors gain access to primary source materials detailing Spetz's expansion in decentralized finance and cost-optimization strategies. Content spans technology deployments, service provider network growth, and leadership updates critical for assessing the company's trajectory.
Bookmark this page for streamlined access to Spetz Inc's verified news repository. Check back frequently for real-time updates on developments impacting the AI-driven service sector and related financial markets.
Spetz has reported its financial results for Q1 2024, showing a 4.6% increase in revenue to $543K, up from $518K in Q1 2023.
The company's net loss after income taxes decreased by 60% to $418K, down from $1,044K in the same period last year.
Adjusted EBITDA loss also dropped by 59.5%, reaching $166K compared to $410K in Q1 2023. CEO Yossi Nevo highlighted the company's efficiency plan, which significantly reduced expenses while still achieving revenue growth.
Spetz continues to enhance its market position through ongoing initiatives, aiming for operational excellence and profitability.
Spetz is a global AI-powered marketplace platform available in the USA, UK, Australia, and Israel.
Spetz Inc. reported a significant increase in revenue by 103.7% for the fiscal year 2023, reaching US$2.031 million compared to US$0.997 million in 2022. However, the adjusted EBITDA loss decreased by 17.0% to (-US$1.239 million) for 2023 compared to (-US$1.493 million) in 2022. The company's CEO highlighted their efforts to improve financial stability and strategic adjustments, resulting in doubled revenues.
