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Pivotree (TSE:PVT)
:PVT
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.05Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2021
|% Change Since: -9.26%
|Next Earnings Date:Nov 25, 2020
Earnings Call Sentiment|Neutral
The earnings call highlighted positive growth in certain segments like Managed IP Solutions and Professional Services, as well as significant cost-saving initiatives. However, overall revenue decline, particularly in Legacy Managed Services and MIPS, alongside reduced gross margins, indicates a mixed performance. The company's efforts towards restructuring and pipeline growth show promise, but challenges remain.Company Guidance
During the Q3 2024 earnings call for Pivotree, the company provided guidance emphasizing a transition towards leaner growth and cash flow generation. CEO William Di Nardo highlighted a noteworthy 28% increase in trailing 12-month revenue for their Managed IP Solutions (MIPS) category, with bookings consistently in the $3 million-plus range. The company also reported a 13% year-over-year increase in total bookings, totaling $19.2 million, despite a 7% decline in revenue compared to the previous year. Pivotree executed $8.5 million in cost savings, aiming to align operating expenses with industry benchmarks, anticipating full cash flow impact by Q2 2025. Furthermore, the Professional Services (PS) bookings reached $11.7 million, marking a 52% increase year-over-year, while Legacy Managed Services (LMS) faced a 30% decline in revenue as clients migrated from legacy technology. The call also detailed a $12 million increase in qualified new logo pipeline, the highest since 2022, indicating strong potential for future growth.Managed IP Solutions Revenue Growth
Trailing 12-month revenue is up 28% versus the previous 12 months in the Managed IP solutions category.
Strong Quarter for Professional Services
Professional Services bookings recorded the highest quarter of 2024 at $11.7 million, up 52% year-over-year and 24% sequentially.
Cost Savings Initiated
Identified and executed on $8.5 million in cost savings across the business, expected to take full effect by Q2 2025.
New Logo Pipeline Addition
Added close to $12 million of qualified new logo pipeline in Q3, the highest level since 2022.
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TSE:PVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$1.08 | C$1.00 | -7.41% |
| Aug 13, 2024 | C$1.26 | C$1.26 | 0.00% |
| May 10, 2024 | C$1.72 | C$1.70 | -1.16% |
| Mar 27, 2024 | C$1.50 | C$1.43 | -4.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pivotree (TSE:PVT) report earnings?
Pivotree (TSE:PVT) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Pivotree (TSE:PVT) earnings time?
Pivotree (TSE:PVT) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PVT EPS forecast?
TSE:PVT EPS forecast for the fiscal quarter 2024 (Q4) is -0.04.
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