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Tribe Announces Preliminary Q4-2024 Results, Achieving Positive Adjusted EBITDA and Increased Revenue Run-Rate
Tribe Announces Preliminary Q4-2024 Results, Achieving Positive Adjusted EBITDA and Increased Rev...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n Tribe Announces Preliminary Q4-2024 Results, Achieving Positive Adjusted EBITDA and Increased Revenue Run-Rate\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n According to preliminary results, Tribe achieved positive Adjusted EBITDA\n \n 1\n \n in Q4-2024, marking a pivotal milestone in the Company's path to sustained profitability and cash flow generation.\n \n\n The Company's annualized revenue run-rate now expected to exceed\n \n $33 million\n \n .\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Jan. 14, 2025\n \n\n /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (\"\n \n Tribe\n \n \" or the \"\n \n Company\n \n \"), a leading provider of technology-elevated property management solutions, is pleased to provide a corporate update for the year ended\n \n December 31, 2024\n \n , with preliminary financial results indicating Tribe achieved positive Adjusted EBITDA\n \n 1\n \n in Q4-2024, a significant milestone that reflects Tribe's ability to deliver value to shareholders while continuing to scale the business and enhance its profitability profile.\n \n\n\n\n\n\n\n\n\n Ongoing cost optimization efforts, robust organic revenue growth, and the successful integration of the Meritus and DMSI acquisitions, have significantly improved Tribe's Adjusted EBITDA throughout the year. This milestone underscores the transformative impact of its cost-cutting measures and the synergies realized through its acquisitions.\n \n\n With tremendous organic and acquisitive growth in 2024, Tribe has become one of the largest property management companies in\n \n Canada\n \n , managing over 55,000 rental, strata and condo units nationwide. The Company's comprehensive suite of services now includes strata and condo management,...