BuildDirect.com Technologies Inc (TSE:BILD) has released an update.
BuildDirect.com Technologies Inc. has reported its first quarter 2024 results, showcasing a sleek performance with its 9th consecutive quarter of positive adjusted EBITDA at $0.504 million, despite a decline in revenue and gross profit compared to the previous year. The company also highlighted its strategic growth plans, focusing on expanding Pro-Centers and its e-commerce business to increase market share in the North American flooring industry. Moreover, BuildDirect is exploring acquisitions to enhance its Pro Center expansion, aiming to capitalize on the potential within the $70 billion market.
For further insights into TSE:BILD stock, check out TipRanks’ Stock Analysis page.
