Mistras announces fourth quarter and full year 2023 results

Q4 2023 revenue of $182.1 million, up 8.2% q4 2023 net loss of $2.5 million reflecting $6.3 million of reorganization and other costs and $1.2 million of foreign currency exchange losses q4 2023 adjusted ebitda (non-gaap) of $19.2 million compared to $15.7 million in the prior year, up 22.0%; highest q4 result historically full year 2023 net cash provided by operating activities of $26.7 million consistent with the prior year, whereas free cash flow (non-gaap) of $3.1 million was lower than the prior year, reflecting increased strategic spend in expanding growth areas princeton junction, n.j., march 06, 2024 (globe newswire) -- mistras group, inc. (mg: nyse), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its fourth quarter and year ended december 31, 2023.
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