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BuildDirect.com Technologies Inc ( (TSE:BILD) ) just unveiled an announcement.
BuildDirect.com Technologies Inc. has completed a secured loan with Lyra Growth Partners Inc. and management loans with its senior team to facilitate the acquisition of its common shares, aligning management’s interests with shareholders. The company also announced preliminary unaudited financial results for Q1 2025, expecting revenue between $14.8 million and $15.2 million, and a gross profit margin of 38% to 41%. This strategic financial maneuver is expected to strengthen BuildDirect’s market position and enhance shareholder value.
More about BuildDirect.com Technologies Inc
BuildDirect is a growing omnichannel building material retailer that connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its global supply chain network. The company is recognized for its strong product offering and proprietary heavyweight delivery network, positioning it as an innovative player in the home improvement industry.
Average Trading Volume: 14,708
Technical Sentiment Signal: Buy
Current Market Cap: C$58.22M
For detailed information about BILD stock, go to TipRanks’ Stock Analysis page.