tiprankstipranks
Trending News
More News >

BuildDirect Completes Strategic Loan and Announces Q1 2025 Financial Results

Story Highlights

Protect Your Portfolio Against Market Uncertainty

BuildDirect.com Technologies Inc ( (TSE:BILD) ) just unveiled an announcement.

BuildDirect.com Technologies Inc. has completed a secured loan with Lyra Growth Partners Inc. and management loans with its senior team to facilitate the acquisition of its common shares, aligning management’s interests with shareholders. The company also announced preliminary unaudited financial results for Q1 2025, expecting revenue between $14.8 million and $15.2 million, and a gross profit margin of 38% to 41%. This strategic financial maneuver is expected to strengthen BuildDirect’s market position and enhance shareholder value.

More about BuildDirect.com Technologies Inc

BuildDirect is a growing omnichannel building material retailer that connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its global supply chain network. The company is recognized for its strong product offering and proprietary heavyweight delivery network, positioning it as an innovative player in the home improvement industry.

Average Trading Volume: 14,708

Technical Sentiment Signal: Buy

Current Market Cap: C$58.22M

For detailed information about BILD stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App