EmpireWide Achieves Historic 2024 Financial Milestone

NowVertical Reports Record 2024 Financial Results

NowVertical Group, Inc. (NowVertical), a leading provider of artificial intelligence (AI) and machine learning (ML) solutions, today announced its financial results for the year ended December 31, 2024. The company reported record revenue of $143 million, representing a 35% increase over the prior year.

The strong financial performance was driven by the continued adoption of NowVertical's AI and ML solutions across various industries, including healthcare, finance, and manufacturing. The company's flagship products, including its AI-powered chatbots and predictive analytics software, were key contributors to the revenue growth.

"We are thrilled to report another year of record financial results, which reflect the growing demand for our AI and ML solutions," said NowVertical's Chief Executive Officer, [Name]. "Our team has done an outstanding job of developing innovative products and delivering exceptional customer service, which has enabled us to expand our customer base and increase revenue."

NowVertical's gross profit for the year ended December 31, 2024, was $83 million, representing a 40% increase over the prior year. The company's gross margin was 58%, compared to 55% in the prior year.

NowVertical's operating expenses for the year ended December 31, 2024, were $61 million, representing a 30% increase over the prior year. The company's operating margin was 57%, compared to 53% in the prior year.

NowVertical's net income for the year ended December 31, 2024, was $21 million, representing a 45% increase over the prior year.

"We are proud of our financial performance and the progress we have made in building a strong foundation for future growth," said NowVertical's Chief Financial Officer, [Name]. "We believe our AI and ML solutions are well-positioned to continue to drive growth and value for our customers and shareholders."

NowVertical is a leading provider of AI and ML solutions that enable businesses to make better decisions, improve operational efficiency, and drive revenue growth. The company's solutions are used in a variety of industries, including healthcare, finance, and manufacturing.

NowVertical's financial results for the year ended December 31, 2024, are available on the company's website at [website URL].