TSXV:TRBE - Post Discussion
Post by
Betteryear2 on Nov 23, 2021 4:07pm
Third Quarter 2021 Revenue of $4.09 Million, a 259% Increase
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VANCOUVER, BC, Nov. 23, 2021 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB US: TRPTF) (Frankfurt Stock Exchange: 7HZ) ("Tribe" or the "Company") a leading provider of technology-enabled property management solutions, today announced its financial results for the third quarter of 2021.
Quarterly Business Highlights
- Reported record revenue of $4.09 million, a 259% increase over revenue in third quarter 2020;
- Reported record gross profit2 of $2.00 million, a 364% increase over gross profit2 in third quarter 2020);
- Completed the national amalgamation of Gateway Property Management ("Gateway");
- Launched our enterprise software nationally as "Tribe Home";
- Announced and closed the acquisition of assets from Powder Highway Management and subsequent to quarter-end, announced and closed the acquisition of assets from NAI Okanagan further expanding the Company's geographic footprint in BC;
- Launched our revenue-generating strategic Digital Partnership Program; announcing the Pensio Global partnership and subsequent to quarter-end also the Eddy Solutions and FreshPrep partnerships;
- Structured an M&A Integration Team to expedite the full integration and digitization of acquired businesses; and
- Strengthened our executive team with the addition of our Chief Technology Officer, Dan Feeny.
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