VETCOMM's Subscription Sales Surge Past $786,000 in 2023; CEOS Prepares for a Record First Quarter in 2024

SAN DIEGO, CA / ACCESSWIRE / April 1, 2024 / CeCors, Inc. (the "Company" or "CEOS") (OTC PINK:CEOS), a vertical enterprise with two subsidiary operations, today announces its year-end financial overview. CeCors, through its subsidiary Vetcomm, has strengthened its market presence and financial performance.

In the fiscal year 2023, CeCors, Inc. saw a substantial increase in its financial performance, with total collections from subscription sales reaching $786,989. Of this total, $419,299 has been realized as immediate revenue, and $367,690 is accounted for as deferred revenue. The impressive climb to $419,299 from the previous year's $19,316 is largely attributed to the seamless integration of Vetcomm.

Since its acquisition in April 2023, Vetcomm has significantly expanded the Company's operational scale and revenue capabilities. Its integration into CeCors has been a pivotal factor in boosting our financial standing, marking a transformative impact on our operational scope.

"Our fourth quarter performance is a clear indicator of Vetcomm's integral contribution to CEOS' financial ecosystem," stated Kate Monroe, Chief Executive Officer of CeCors, Inc. "The major increase in revenue, alongside controlled operational spending, aligns with our commitment to sustainable growth. We are making our investments with precision, and we are beginning to see the payoff from a larger scale."

The Company has carefully navigated the fiscal challenges of 2023, directing its investments into critical areas for long-term success such as infrastructure, talent, and marketing to support Vetcomm's rapid growth. These areas are showing promising results, as evidenced by the improved loss figures-a net loss decrease quarter-over-quarter. The 19.17% reduction in net loss for the fourth quarter signals a trend toward financial stability and operational excellence. CeCors continues to review and refine its processes to enhance operational efficiency and financial performance.

Adding to this positive trend, Vetcomm's fourth quarter performance was exceptional, marking a 103% spike in income, which showcases the effectiveness of Vetcomm's investments. This remarkable growth was primarily fueled by the performance of the 'Gold services (OTP)' and the significant uptake of Vetcomm's subscription plans, both of which have garnered strong resonance in the marketplace. This approach is expected to broaden the company's operational reach and service offerings, laying the groundwork for a surge in revenue streams and a wider market influence.