Tribe Property Technologies (TSE:TRBE) has released an update.
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Tribe Property Technologies reported a record-breaking quarterly revenue of $6.16 million, a 28% surge from the previous year, and a 47% increase in Adjusted EBITDA, signaling robust financial health. The company also successfully acquired DMSI Holdings, boosting its proforma revenue run-rate to over $31 million and enhancing its profitability. With a positive financial outlook, Tribe anticipates positive Adjusted EBITDA by year’s end and cash flow positivity by 2025.
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