CeCors, Inc. Reports 193% Revenue Surge, Surpassing $2 Million in Q2 2024

TORONTO, ON / ACCESSWIRE / August 15, 2024 / CeCors, Inc. ("CEOS") (OTC PINK:CEOS), a leading provider of functional products and veteran support services, announced a 193% revenue increase for the second quarter ended June 30, 2024. Revenue rose from $685,686 in Q1 to $1,324,840 in Q2, totaling $2,010,407 for the first half of 2024. Cash on hand for VETCOMM grew significantly from $574,755 in Q1 to over $1,050,000 by the end of June.

Deferred revenue reached $1.02 million as of June 30, primarily driven by VETCOMM’s sales. Of this, $841,274 came from Q2 2024 sales. The quarter's success reflects the company's efforts to enhance market positioning and strategic execution. Despite these gains, the company reported a net loss due to its revenue recognition cycle.

CEO Kate Monroe attributes this growth to operational adjustments, including a new CRM system and an in-house call center. The upcoming launch of the VETCOMM app is expected to further boost revenues. CFO Sukhinder Kalsi emphasized the role of the efficient CRM in achieving this growth and pointed to the promising outlook for stronger financial performance.