on Route1 Inc. (CVE:ROI)
Route1 Reports Q3 2025 Financial Performance and Business Updates
Route1 Inc., a specialist in advanced data technologies and actionable business intelligence, has released its financial results for Q3 2025. The company launched Route1 ABI, enhancing its product offerings. They reported an annualized recurring revenue from ALPR support contracts at USD $1.2 million, with revenue growth in related sectors.
Financially, the company noted an increase in quarterly ALPR support revenue to over USD $300,000. Employee retention credits were monetized, adding USD $697,000 year-to-date. Route1's working capital deficiency improved by $817,000 over six months, including a $419,000 boost in Q3 alone. Bank indebtedness saw a reduction of $202,000 over two quarters.
Overall revenue for Q3 2025 was CAD 2,954,000, with a net income of CAD 252,000. The adjusted EBITDA stood at CAD 220,000. Route1 continues to improve its financial stability and business operations.
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