Pivotree Announces Fourth Quarter 2024 Results

About this update from Pivotree, Inc.

[{"type":"text","content":"Pivotree delivers record Adjusted EBITDA of $1.7 million in Q4 2024 since going public in 2020","length":94,"tagName":"p"},{"type":"text","content":"TORONTO, ONTARIO / ACCESS Newswire / March 27, 2025 / Pivotree Inc. (TSXV:PVT) ("Pivotree" or the "Company"), a leader in frictionless commerce solutions, today reported financial results for the three and twelve month period ended December 31, 2024. All amounts are expressed in Canadian dollars unless otherwise stated.","length":341,"tagName":"p"},{"type":"text","content":""Adjusted EBITDA improved $2.5 million over Q3 2024 to reach $1.7 million for the quarter-our best in recent history. This is thanks in large part to the Pivotree team's hard work implementing organizational changes and I am thankful for how all of our Pivoters adapted to this transformation so quickly." said Bill Di Nardo, CEO of Pivotree. "These changes also reduced management layers, brought senior leaders closer to clients, and improved operating efficiencies beyond basic cost savings."","length":519,"tagName":"p"},{"type":"text","content":"Pivotree also announced today that it has released a letter to shareholders from Bill Di Nardo, CEO. The letter can be accessed from the Company's website at investor.pivotree.com and filed on SEDAR at www.sedar.com.","length":220,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Financial Highlights","length":40,"tagName":"p"},{"type":"text","content":"(All figures are in Canadian dollars and all comparisons are relative to the three-month period ended December 31, 2023 unless otherwise stated):","length":145,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total Revenue of $18.2 million, a decrease of 13.3% or a decrease of 15.2% in constant currency.","length":96,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total Managed & IP Solutions + Legacy Managed Services (MIPS + LMS) of $7.9 million, a decrease of 26.4%, or 28.0% in constant currency.","length":140,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Managed & IP Solutions (MIPS) Revenue declined 26.2% to $3.4M in Q4 2024, due to one time SKU Build volume benefit in the prior year and within the range company has been expecting","length":184,"tagName":"p"}]},{"val":[{"type":"t...

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