Givex (GIVX) investor relations material

Executive summary

• Achieved net income of $175K for Q2 2024, reversing a net loss of $978K in Q2 2023; net income for the six months was $667K versus a loss of $2.2M year-over-year.

• Achieved positive net income for the second consecutive quarter, with significant year-over-year improvements in revenue, gross profit, and net income for both the quarter and six-month period ending June 30, 2024.

• Revenue grew to $20.9M in Q2 2024, up 7.4% year-over-year; six-month revenue reached $41.7M, an 8% increase.

• Gross profit for Q2 2024 was $15.2M, up from $14.1M in Q2 2023; gross margin remained strong.

• Management remains optimistic about continued growth in 2024, citing new business opportunities.

Financial highlights

• Q2 2024 revenue: $20.9M (Q2 2023: $19.4M); six-month revenue: $41.7M (2023: $38.6M).

• Net income for Q2 2024: $175K (Q2 2023: loss of $978K); six-month net income: $667K (2023: loss of $2.2M).

• EBITDA for Q2 2024 was $1.9M, up 224% year-over-year; six-month EBITDA was $3.6M, up 470%.

• Cash and cash equivalents at June 30, 2024: $24.2M, up from $22.2M at year-end 2023.

• Operating cash flow for six months: $4.0M, up from $2.6M year-over-year.

Outlook and guidance

• Management continues to focus on growth in core technology solutions and integration of recent acquisitions.

• Management expects the positive trend in financial performance to continue for the remainder of 2024, supported by active pursuit of new business opportunities.