TORONTO, April 19, 2024 /CNW/ - Genifi Inc. (formerly Prodigy Ventures Inc.) (TSXV:GNFI) ("genifi" or the "Company") today announced its financial results for the three months and year ended December 31, 2023. As previously reported, the Company sold TCB Corporation ("Prodigy Labs") on January 18, 2023. As a result, its financial results are treated as discontinued operations for the reporting periods noted below. Full Year 2023 Financial Results Revenue for the year ended December 31, 2023 totalled $2,009,770 as compared to $1,773,296 for the year ended December 31, 2022, an increase of 16%. Gross profit for the year ended December 31, 2023 of $1,405,730 as compared to $1,150,910 for the year ended December 31, 2022, an increase of 22%. Expenses for the year ended December, 2023 of $3,559,718 as compared to $8,591,595 for the year ended December 31, 2022, a decrease of 59%. Net loss from continuing operations before tax for the year ended December 31, 2023 of $2,153,988 as compared to $7,440,685 for the year ended December 31, 2022. Net loss from continuing operations for the year ended December 31, 2023 of $1,380,637 as compared to $6,903,096 for the year ended December 31, 2022. Income from discontinued operations net of tax for the year ended December 31, 2023 of $7,585,823 as compared to $1,468,465 for the year ended December 31, 2022. The increase relates primarily to the gain on disposition in January, 2023. Net and comprehensive income for the year ended December 31, 2023 totalled $6,205,186 as compared to a net and comprehensive loss of $5,434,631 for the year ended December 31, 2022. The Company had working capital of $2,901,095 as of December 31, 2023 compared to $2,733,691 as of December 31, 2022. Fourth Quarter 2023 Financial Results Revenue for the three months ended December 31, 2023 totalled $497,512 as compared to $431,227 for the three months ended December 31, 2022, an increase of 15%. Gross profit for the three months ended December 31, 2023 of $357,209 as compared to $273,874 for the three months ended December 31, 2022, an increase of 30%. Expenses for the three months ended December 31, 2023 of $593,378 as compared to $2,593,555 for the three months ended December 31, 2022, a decrease of 77%. The decrease is primarily due to a non-cash impairment loss recognized in the fourth quarter of 2022. Net loss from continuing operations before tax for the three months ended December 31, 2023 of $236,170 as compared to $2,319,681 for the three months ended December 31, 2022. Net income from continuing operations for the three months ended December 31, 2023 of $271,972 as compared to a loss of $2,222,982 for ...