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Tribe Property Technologies ( (TSE:TRBE) ) just unveiled an update.
Tribe Property Technologies reported record revenue of $8.4 million for the fourth quarter of 2024, marking a 64.9% increase from the previous year, and achieved its first positive Adjusted EBITDA of $727,000. The company also saw a 46% increase in annual revenue to $28.26 million for fiscal 2024, driven by a 73% rise in software and service fees. Tribe’s strategic financial steps, including a successful private placement, have strengthened its balance sheet, allowing for debt reduction and financial stability. The company remains resilient amid trade uncertainties and is optimistic about continued growth and profitability in 2025.
More about Tribe Property Technologies
Tribe Property Technologies Inc. is a leading provider of technology-elevated property management solutions. As one of the largest Canadian-owned property management service providers, the company focuses on software and services contracts, which generate over 85% of its total revenue. Tribe is committed to navigating economic cycles with strength and discipline, leveraging the growing sentiment towards ‘Buy Canadian’ to strengthen its market position.
YTD Price Performance: -3.33%
Average Trading Volume: 96,803
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.45M
For a thorough assessment of TRBE stock, go to TipRanks’ Stock Analysis page.