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Colabor Group Q1 2024 Financial Update
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Colabor Group Inc. discloses Q1 2024 results showing a decline in overall sales to $131.2 million alongside a modest rise in distribution activities sales by 0.4%. The adjusted EBITDA stands at $4.9 million with a net loss of $1.8 million. Operating cash flows amount to $11.7 million, while net debt is recorded at $56.8 million as of March 23, 2024.
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How does the financial performance of Colabor Group compare to industry peers?
How might the sales drop impact Colabor Group's strategic plans moving forward?
What strategies could the company implement to mitigate net losses in future quarters?
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