Close the Loop beats prospectus guidance, PCP metrics in FY22 results

Close the Loop CEO Joe Foster is back in the studio to discuss the company’s FY22 financials. In the last financial year, the end-to-end solutions provider made $89.2 million in revenue, netted $14.3 million in earnings and recorded a $7 million net profit before tax. Notably, all three metrics surpassed Close the Loop’s prospectus guidance and its performance in the previous corresponding period (PCP). Looking ahead, Foster says the company will stay ambitious and committed to its goals as it creates solutions from recyclable and made-from-recycled content.

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