AutoCanada Inc. reported a Q4 loss of $22.6m due to consolidated Used Digital Division ownership costs.
AutoCanada Inc. reported a Q4 loss of $22.6m ($0.81 per share) for the quarter ended Dec. 31, compared to a profit of $14.8m ($0.52 per share) a year earlier. Revenue increased 6.9% to $1.48bn from $1.39bn in Q4 2022. The company attributed the loss to the consolidated ownership of the Used Digital Division, recognizing $36.7m in share-based compensation expense and $1.8m in related transaction costs.
March 07, 2024
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