14 slides from Tiny Ltd. Class A's earnings presentation, May 15, 2025
Slide 1: Q1 2025 Earnings Call
Q1 2025 Earnings Call May 15, 2025 · 8am ET
Slide 2: Legal Disclaimer
Q1 2025 Results Legal Disclaimer This presentation is being given by Tiny Ltd. (the “Company”) for information purposes only. Reliance on this presentation for the purpose of engaging in any investment activity may expose a person to significant risk of losing all of the money, property or other ass
Slide 3: Legal Disclaimer (continued)
Q1 2025 Results Legal Disclaimer (continued) Forward Looking Information (continued) By their nature, forward-looking statements are subject to numerous risks and uncertainties. You are cautioned that the assumptions used in the preparation of forward-looking statements, although considered reasonab
Slide 4: Q1 2025 Highlights
Q1 2025 Results Q1 2025 Highlights $9.7 million of Adjusted EBITDA1, a 41% y/y Increase Announced Acquisition of Serato, Global DJ • Cost Rationalization and Debt Repayment Improved Leverage Ratio to 2.7x from 3.0x as at Software Leader Q4 2024 – LTM Adjusted EBITDA of $33.9 million • Transaction cl
Slide 5: Majority Acquisition Closed May 12, 2025
Q1 2025 Results Majority Acquisition Closed May 12, 2025 Defining DJ Culture with a History of Innovation Financial & Operating Metrics Company Highlights • • 25 Year History; market leader in DJ software Long standing partnerships and hardware integrations with US$31M ~62% Pioneer, Numark, Rane, He
Slide 6: Q1 2025 Financial Results
Q1 2025 Financial Results
Slide 7: Revenue
Q1 2025 Results Revenue Three-month periods ended March 31 2025 2024 Revenue 48,061,965 48,939,598 Digital Services 21,545,781 20,906,730 Software and Apps 13,262,927 13,546,762 Creative Platform 11,035,233 13,061,365 Other 2,218,024 1,424,741 Revenue increased $0.5 million compared to Q4 2024, on R
Slide 8: Recurring Revenue
Q1 2025 Results Recurring Revenue Three-month periods ended March 31 2025 2024 Revenue 48,061,965 48,939,598 Recurring Revenue1 9,807,871 9,256,874 Recurring Revenue %1 20% 19% Recurring Revenue was $9.8 million in Q1 2025, an Serato acquisition announced in Q1, closed in Q2 increase of $0.6 million
Slide 9: Adjusted EBITDA
Q1 2025 Results Adjusted EBITDA Three-month periods ended March 31 2025 2024 Adjusted EBITDA1 9,716,205 6,891,663 Adjusted EBITDA Margin1 20% 14% Adjusted EBITDA1 in Q1 2025 of $9.7 million, an increase Adjusted EBITDA Margin1 of 20% in Q1 2025, an increase from of $2.8 million or 41% compared to Q1
Slide 10: Adjusted Free Cash Flow Post Debt Servicing
Q1 2025 Results Adjusted Free Cash Flow Post Debt Servicing Three-month periods ended March 31 2025 2024 Free Cash Flow1 3,015,159 1,126,635 Non-recurring professional fees 287,031 834,805 Severance 75,253 438,601 Scheduled debt payments (WeCommerce) (1,438,209) (1,332,580) Adjusted Free Cash Flow P
Slide 11: Tiny Fund I Performance
Q1 2025 Results Tiny Fund I Performance Three-month periods ended March 31 2025 2024 Tiny Fund I Revenue 16,971,249 15,058,119 Tiny Portion of Fund I Distributions 951,835 1,044,356 Tiny Fund 1 revenue increased 13% to $17.0 million1 in Q1 Tiny owns 20.34% of Tiny Fund I, and received distributions
Slide 12: Debt
Q1 2025 Results Debt Net Debt to Adjusted EBITDA1 Ratio March 31, 2025 December 31, 2024 Gross Debt 113.3 million 116.9 million Net Debt 93.0 million 94.1 million Total debt outstanding on March 31, 2025 was $113.3 Net Debt to Adjusted EBITDA1 for Q1 2025 was 2.7x, compared million compared to $116.
Slide 13: Roadmap for EBITDA Growth – Q1 2025 Update
Q1 2025 Results Roadmap for EBITDA Growth – Q1 2025 Update • $9.7 million of Adj. EBITDA1 vs. $6.9 million in Q1 2024, 41% increase y/y ADJUSTED EBITDA • LTM Adj. EBITDA1 of $33.9 million • Continued impact of cost rationalization announced in Q3 2024 ORGANIC GROWTH & COST • Focus on margin improvem
Slide 14: Questions
Questions