Tribe Property Technologies (TSE:TRBE) has released an update.
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Tribe Property Technologies has reported a record revenue of $5.3 million in Q1-2024 accompanied by a significant 27% year-over-year increase in Adjusted EBITDA. The company also announced the strategic acquisition of Toronto-based DMSI Holdings Ltd., which is forecasted to elevate Tribe’s annual revenue run-rate to over $31 million and enhance profitability. Additionally, a non-brokered private placement is underway to raise $3.5 million, further supporting the company’s growth and profitability goals.
For further insights into TSE:TRBE stock, check out TipRanks’ Stock Analysis page.
