Janover reports profitability and over 700% monthly increase in operating margins for groundbreaker platform in may 2024

Boca raton, fla., july 11, 2024 (globe newswire) -- janover inc. (nasdaq: jnvr) (“janover” or the “company”), an ai-enabled platform for commercial real estate transactions, today provided an update on its wholly-owned subsidiary groundbreaker tech inc. (“groundbreaker”), its recurring revenue b2b software-as-a-service (“saas”) platform for multifamily and commercial property professionals. janover recently acquired groundbreaker in november 2023, and reports that this new business line achieved profitability for the first time in may 2024 since the acquisition, reflecting a sequential monthly increase in its operating margins by more than 700% to approximately 30% from -4% in april 2024.
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