Tiny Ltd. Reports 5% Revenue Growth and Strategic Acquisitions in FY2024

WeCommerce Holdings Ltd. Class A ( (TSE:TINY) ) has provided an update.

Tiny Ltd. reported a 5% increase in total revenue to $194.2 million for the fiscal year 2024, with a significant 30% growth in recurring revenue. The company achieved an adjusted EBITDA of $31 million, reflecting a $3.6 million increase from the previous year. Key strategic moves included the acquisition of Repeat Inc., MediaNet Solutions Inc., and Wholesale Pet, as well as a successful leadership transition. The company also focused on debt reduction, repaying $24.5 million, and implemented cost rationalization initiatives expected to reduce annual operating expenses by over $4 million. Despite reporting a net loss due to non-cash accounting items, Tiny Ltd. remains committed to long-term growth and is optimistic about future acquisition opportunities.

Spark’s Take on TSE:TINY Stock

According to Spark, TipRanks’ AI Analyst, TSE:TINY is a Neutral.

The overall score reflects a balance of strong revenue growth and a solid balance sheet against profitability challenges and fluctuating cash flows. Technical indicators are neutral to bearish, and valuation is unattractive due to negative earnings. However, recent corporate events provide a positive outlook for future stability and growth.

To see Spark’s full report on TSE:TINY stock, click here.

More about WeCommerce Holdings Ltd. Class A

Tiny Ltd. is a technology holding company based in Victoria, British Columbia, with a strategic focus on acquiring majority stakes in businesses. The company aims to grow through organic growth, acquisitions, and cost discipline, with a particular emphasis on enhancing recurring revenue streams.

YTD Price Performance: -24.67%

Average Trading Volume: 29,457

Technical Sentiment Signal: Buy

Current Market Cap: C$211.9M

For detailed information about TINY stock, go to TipRanks’ Stock Analysis page.