- 2023 Revenue of
$4.9m in 2023 - Technological innovations elevate product offering including AI Virtual Concierge and SAAS based platform
- Growth of global
Channel Partners expected to scale revenue in 2024 and beyond - Q1 2024 revenue of approximately
$1.6m
"While our financial results were disappointing in 2023, our technological innovations were the best in the history of ARHT which in turn has created a reliable, patent-protected, superior product,” said CEO,
The Company is on the path of a renewed strategy and the pillars of this plan include:
- Prioritizing sales and marketing efforts in its most profitable regions in
North America andEurope ; - Targeting organizations with significant scaling potential;
- Achieving substantial cost reductions in cash operating expenses;
- Creating new supply partnerships to reduce cost of goods sold;
- Utilizing proprietary software, hardware and technical support systems to enable scalability and key competitiveness;
- Continuing to integrate AI applications to reduce costs and drive innovation and efficiency.
“In Q1 2024, we have already seen meaningful growth in sales of approximately
About ARHT
ARHT is a pioneer and the global leader in live hologram technology. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers, and thought leaders can travel at the speed of light to any destination.
ARHT was founded in 2014 and is publicly traded on the
Connect with ARHT:
LinkedIn: https://www.linkedin.com/company/arht-tech
Instagram: https://www.instagram.com/arht.tech
Facebook: https://www.facebook.com/arht.tech
X: https://twitter.com/arht_tech
Youtube: https://www.youtube.com/@arht-tech
For more information, please visit www.arht.tech/about/investors or www.arht.tech.
Alternatively, email us directly at info@arht.tech.
ARHT trades under the symbol "ART" on the
Press Inquiries:
kspence@arht.tech
ARHT
Chief Executive Officer
+1 (416) 844 - 6747 (head office)
This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; disclosure related to the Company's sales funnel; the Company's technology; the potential uses for the Company's technology; the future planned events using the Company's technology; the future success of the Company; the ability of the Company to monetize the
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
Source:
2024 GlobeNewswire, Inc., source