FADEL Announces Strong FY23 Results With YOY Revenues Up 10%
NEW YORK, April 30, 2024 /PRNewswire-PRWeb/ -- FADEL®, innovator of brand compliance and rights and royalty management software, has today announced its audited full-year results for the year ended December 31, 2023, with revenue up 10% on FY22 to $14.5 million and recurring revenue up 31% on FY22 to $11.4 million.
- I am extremely proud to report that we have delivered on that in our first financial year as a listed company.
- FADEL has made great strides during the year.
- In addition to its successful IPO, the Company has achieved exceptional client wins of powerhouse net-new clients including PepsiCo, Kimberly-Clark, Sanofi, and Philip Morris.
- FADEL has expanded its product portfolio – under Brand Vision and IPM Suite – to meet the needs of existing clients and strategically penetrate new territories and markets.