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Tribe Property Technologies Inc (TSE:TRBE)
:TRBE
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Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2021
|% Change Since: 17.95%
|Next Earnings Date:Mar 31, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted impressive revenue growth and profitability improvements, driven by strategic acquisitions and market expansion, particularly in the condo management sector. However, there are some challenges related to market conditions and one-time costs affecting gross margins. Overall, the sentiment is positive, with a strong outlook for future profitability and cash flow generation.Company Guidance
During the Q3 2024 earnings call for Tribe Properties Technologies (TRBE.V), the company provided robust guidance and highlighted several metrics. Tribe reported a record revenue of $8.33 million, marking a 74% increase from $4.8 million in the same quarter last year. The company's gross profit also saw a significant rise, reaching $3.03 million, which represents a 99% increase year-over-year. The gross margin percentage remained stable at 38.8%. A notable improvement was seen in adjusted EBITDA, which was an outflow of $0.11 million, a 93% improvement compared to an outflow of $1.44 million in Q3 2023. The revenue growth was fueled by organic growth and recent acquisitions, specifically DMS and Meritus in Ontario, which contributed to the strengthening of Tribe's market position. Joseph Nakhla, CEO, highlighted the company's status as the third-largest condo operator in Canada and emphasized the strategic integration and efficiency projects that have driven cost optimizations and profitability improvements. The company is on track to end the year in an EBITDA positive state, with expectations for a strong cash generation in 2025.Record Revenue Growth
Tribe achieved record revenue of $8.33 million, a 74% increase compared to $4.8 million in Q3 last year.
Significant Gross Profit Increase
Gross profit for the quarter was a record $3.03 million, representing a 99% increase compared to the third quarter of '23.
Improvement in Adjusted EBITDA
Adjusted EBITDA for the third quarter of 2024 was an outflow of $0.11 million, an improvement of 93% compared to an outflow of $1.44 million in the third quarter of '23.
Successful Acquisitions
The acquisition of DMS and Meritus in Ontario contributed significantly to revenue growth and market expansion.
Expansion in Condo Management
Tribe became the third largest condo operator in Canada, managing nearly 50,000 condos and rental apartments.
Positive Outlook for 2025
Tribe expects to be EBITDA positive by the end of 2024 and aims for positive cash flow generation in 2025.
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TSE:TRBE 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:TRBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 28, 2024 | C$0.39 | C$0.41 | +5.13% |
| Aug 29, 2024 | C$0.40 | C$0.37 | -7.50% |
| May 30, 2024 | C$0.54 | C$0.52 | -3.70% |
| May 06, 2024 | C$0.63 | C$0.60 | -4.76% |
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 Tribe Property Technologies Inc (TSE:TRBE) report earnings?
Tribe Property Technologies Inc (TSE:TRBE) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Tribe Property Technologies Inc (TSE:TRBE) earnings time?
Tribe Property Technologies Inc (TSE:TRBE) earnings time is at May 05, 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:TRBE EPS forecast?
Currently, no data Available
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