OverActive Media Achieves Record Revenues and a 29% Leap in Adjusted EBITDA for 2023

OverActive Media, operating under the ticker OAMCF, announced a remarkable financial performance for the year ended 2023. The company reported a significant increase in revenues, marking a record year buoyed by strategic cost control measures. These factors collectively contributed to an impressive 29% improvement in Adjusted EBITDA.

Financial Highlights

The year 2023 was a milestone for OAMCF in terms of financial achievements. Powered by vigorous revenue growth, the company experienced a surge in its earnings before interest, taxes, depreciation, and amortization (EBITDA), once adjusted, offering a clear reflection of its strong operational efficiency and financial discipline. Diligent cost management played a pivotal role in driving this upswing, underscoring OverActive Media's commitment to sustainability and profitability.

Strong Cash Position at Year-End

As the company closed the books on 2023, it did so with a robust cash position, reporting $13.9 million in cash holdings. This healthy liquidity not only provides OverActive Media with the agility to navigate future market conditions but also underscores the company's ability to manage its finances adeptly amidst a dynamic economic landscape.

revenue, growth, EBITDA