Helix posted $15.3 million during its 2019 fiscal year and fourth-quarter revenue of $4.3 million, improving metrics and expanding market share throughout the US
Inc () made “tremendous progress” in delivering critical infrastructure services throughout 2019, CEO Zachary Venegas said Monday.
The CEO’s comments came as the Denver-based firm delivered a 60% increase in full year revenue and a 24% gain in 4Q 2019 figures compared to the same year-ago periods.
Helix posted $15.3 million during its 2019 fiscal year and fourth-quarter revenue of $4.3 million, improving metrics and expanding market share throughout the US.
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The 2019 year saw the highest revenues in company history off the back of gains in software growth from commercial clients, Helix told shareholders, as the firm increased its footing in the commercial seed-to-sale and POS sectors in the US and globally.
The company saw an 11% sequential increase in recurring commercial software revenue in 4Q and rolled out new business lines while improving cash from operations.
CEO Venegas called 2019 a “pivotal year” for the technology company.
“We made tremendous progress in rolling out our fully integrated suite of services, improved every metric across the business, expanded market share across business lines and assembled one of the strongest management teams in the industry,” Venegas said in a statement.
“By continuing to deliver strong operating outcomes on our strategic plan focused on critical infrastructure, we have positioned ourselves well for 2020, outgrowing competitors, while improving margins, and cash from operations: the trifecta of management metrics.”
Helix provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market.
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