Pivotree, Inc. (TSE:PVT) has released an update.
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Pivotree, Inc., a leader in frictionless commerce solutions, has reported a decrease in total revenue by 16.4% in Q1 2024, with revenues at $20.9 million. Despite this decline, the company achieved a sixth consecutive quarter of positive adjusted EBITDA, signaling ongoing investment in their managed and IP solutions, which grew by 38%. The company also faced a net loss of $2.2 million due to increased third-party and contractor costs.
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