NOWVERTICAL GROUP INC.

NowVertical reported for Q2 2026 a revenue increase of 18% to USD 9.7 million, a gross margin of 50% and adjusted EBITDA of USD 1.5 million (+41%). In the first half the company recorded a net profit of USD 0.2 million after a year-earlier loss, and reported positive operating cash flow. The stock then rose by 31.82% to USD 0.14, but remains well below its 52-week high. Management plans further investments in sales capacity and the expansion of the Google Cloud business, but sees risks from high customer concentration. » Mere på de.investing.com

NowVertical presented itself at the Lytham Partners Summit as a hands-on provider for AI implementation, mainly supplying data infrastructure and operational execution. Solutions and services accounted for more than 89% of revenue in Q2; the 30 largest customers contribute over 70% of revenue, so future growth will depend heavily on expansion with large clients. Management sees opportunities from a deepened Google Cloud partnership, expansion of the NowUnlock AI offering, and cross-selling to existing customers, but considers maintaining commercial momentum and strengthening the balance sheet to be priorities. » Mere på de.investing.com

NowVertical has appointed Philip Jones as its new CFO. Jones has worked as a management consultant since June and brings more than 20 years of experience as an auditor and in senior finance roles at public and private companies. Christine Nelson is stepping down for family reasons after four years, two of them as CFO, and will remain in an advisory capacity until the end of August. NowVertical provides data and AI solutions and is listed on the TSX Venture Exchange under the ticker NOW. » Mere på de.investing.com

NowVertical has appointed Andre Garber as interim CEO with immediate effect; he succeeds Sandeep Mendiratta. The board has launched a search for a permanent CEO with experience in enterprise data, AI, scaling global service offerings and M&A integration. NowVertical remains profitable and reports nearly $14 billion in revenue over the past twelve months with a gross margin of 77%, while the stock fell about 8% last week. » Mere på de.investing.com

NowVertical has signed a three-year contract worth about $4 million with a fintech client in Argentina, Colombia and Mexico and will act as the principal licensing partner for Google Cloud. Services include implementation of Google Gemini, AI agents and AI-driven workflow automation; the Google Cloud licensing component is expected to contribute roughly 10% of the license value as net revenue after third-party deductions. Revenue recognition will follow IFRS; the company reported $13.96 billion in revenue and a 77% gross margin over the past twelve months, according to the announcement. The contract expands the customer relationship to a license-plus-services model and follows NowVertical’s appointment as Google Cloud Data & Analytics Partner of the Year 2026 for Latin America. » Mere på de.investing.com