New Risk • May 22
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.7m free cash flow). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Market cap is less than US$10m (CA$11.5m market cap, or US$8.33m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • May 22
Tribe Property Technologies Inc. to Report Q1, 2026 Results on May 26, 2026 Tribe Property Technologies Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 26, 2026 Reported Earnings • Apr 30
Full year 2025 earnings released: CA$0.11 loss per share (vs CA$0.27 loss in FY 2024) Full year 2025 results: CA$0.11 loss per share (improved from CA$0.27 loss in FY 2024). Revenue: CA$32.7m (up 16% from FY 2024). Net loss: CA$4.48m (loss narrowed 41% from FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. New Risk • Apr 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Market cap is less than US$10m (CA$10.5m market cap, or US$7.68m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Apr 22
Tribe Property Technologies Inc. to Report Q4, 2025 Results on Apr 28, 2026 Tribe Property Technologies Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 28, 2026 New Risk • Dec 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.39m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (CA$13.0m market cap, or US$9.39m). Reported Earnings • Dec 02
Third quarter 2025 earnings released: CA$0.024 loss per share (vs CA$0.04 loss in 3Q 2024) Third quarter 2025 results: CA$0.024 loss per share (improved from CA$0.04 loss in 3Q 2024). Revenue: CA$8.30m (flat on 3Q 2024). Net loss: CA$1.17m (loss narrowed 13% from 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Tribe Property Technologies Inc. to Report Q3, 2025 Results on Dec 01, 2025 Tribe Property Technologies Inc. announced that they will report Q3, 2025 results on Dec 01, 2025 Announcement • Sep 13
Tribe Property Technologies Inc. Announces Chief Financial Officer Changes, Effective September 12, 2025 Tribe Property Technologies Inc. announced the appointment of Scott Ullrich as Chief Financial Officer (CFO), effective September 12, 2025. Reporting directly to Joseph Nakhla, CEO of Tribe, Mr. Ullrich will have responsibility for all finance, accounting, financial reporting, audit, tax and capital planning functions. Mr. Ullrich succeeds Angelo Bartolini, who is transitioning to a strategic advisor after successfully guiding Tribe through a critical transition period. Under Mr. Bartolini's leadership, Tribe achieved EBITDA-positive results, streamlined operations, and executed key acquisitions. Scott Ullrich, who has been with Tribe since the acquisition of Gateway Property Management in 2021, brings over four decades of leadership experience in the property management and real estate sectors. Mr. Ullrich most recently served as Executive Vice President at Tribe, overseeing national rental and condo operations and helping to build Tribe's strong foundation in property management. Prior to joining Tribe, he was the Chief Executive Officer of Gateway Property Management, a leading firm in the Canadian real estate market. With his comprehensive understanding of both operational leadership and strategic financial oversight, Mr. Ullrich has been instrumental in Tribe's ongoing growth and operational excellence. His expertise in both finance and property management will be pivotal as Tribe expands its solution and builds on its financial strength. Reported Earnings • Aug 28
Second quarter 2025 earnings released: CA$0.036 loss per share (vs CA$0.11 loss in 2Q 2024) Second quarter 2025 results: CA$0.036 loss per share (improved from CA$0.11 loss in 2Q 2024). Revenue: CA$8.10m (up 32% from 2Q 2024). Net loss: CA$1.29m (loss narrowed 52% from 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Aug 19
Tribe Property Technologies Inc. to Report Q2, 2025 Results on Aug 28, 2025 Tribe Property Technologies Inc. announced that they will report Q2, 2025 results on Aug 28, 2025 Announcement • Aug 13
Tribe Property Technologies Inc., Annual General Meeting, Oct 15, 2025 Tribe Property Technologies Inc., Annual General Meeting, Oct 15, 2025. New Risk • Jul 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$20.5m market cap, or US$15.0m). Announcement • Jul 08
Tribe Property Technologies Inc. has completed a Composite Units Offering in the amount of CAD 5 million. Tribe Property Technologies Inc. has completed a Composite Units Offering in the amount of CAD 5 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 11,111,111
Price\Range: CAD 0.45 Reported Earnings • May 29
First quarter 2025 earnings released: CA$0.018 loss per share (vs CA$0.10 loss in 1Q 2024) First quarter 2025 results: CA$0.018 loss per share (improved from CA$0.10 loss in 1Q 2024). Revenue: CA$7.98m (up 49% from 1Q 2024). Net loss: CA$605.3k (loss narrowed 73% from 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • May 21
Tribe Property Technologies Inc. to Report Q1, 2025 Results on May 29, 2025 Tribe Property Technologies Inc. announced that they will report Q1, 2025 results on May 29, 2025 Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Director Alex Yanitsky was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2024 earnings released: CA$0.27 loss per share (vs CA$0.67 loss in FY 2023) Full year 2024 results: CA$0.27 loss per share (improved from CA$0.67 loss in FY 2023). Revenue: CA$28.3m (up 46% from FY 2023). Net loss: CA$7.54m (loss narrowed 47% from FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Announcement • Apr 09
Tribe Property Technologies Inc. to Report Q4, 2024 Results on Apr 14, 2025 Tribe Property Technologies Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 14, 2025 Announcement • Apr 01
Tribe Property Technologies Inc. announced that it has received CAD 1.087882 million in funding On March 31,2025, Tribe Property Technologies Inc closed the transaction. Each warrant entitles the holder to purchase one common share at a price of CAD 0.82 any time on or before March 28, 2030. The common shares and warrants issued pursuant to the private placement, including any common shares issued on exercise of warrants, are subject to a hold period of four months and a day expiring July 29, 2025. The directors and certain officers of the company have participated in the transaction The directors of the company include Charmaine Crooks, Raymond Choy, Alex Yanitsky, Andrew Kiguel,Sanjiv Samant, Michael Willis, and Joseph Nakhla as well as officers of the company; Angelo Bartolini, and Scott Ullrich, collectively subscribed for 1,216,928 units. Announcement • Mar 20
Tribe Property Technologies Inc. announced that it expects to receive CAD 0.775 million in funding Tribe Property Technologies Inc. announced a non-brokered private placement of up to 1,490,384 units at issue price of CAD 0.52 per unit for gross proceeds of CAD 774,999.68 on March 20, 2025. Each Unit consisting of one common share of the Company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price of CAD 0.82 at any time on or before that date which is five years after the closing date of the Financing. CEO, CFO, EVP and members of the Board of Directors participating in the Financing. Closing of the Financing is subject to certain conditions including, but not limited to, the receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the Financing are subject to a hold period expiring four months and one day from the closing date. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.0m free cash flow). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Market cap is less than US$10m (CA$14.3m market cap, or US$9.96m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Feb 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$14.0m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.0m free cash flow). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Market cap is less than US$10m (CA$14.0m market cap, or US$9.77m). Announcement • Feb 07
Tribe Property Technologies Inc. Announces Launch of Proprietary Inspections Tool for Property Management Tribe Property Technologies Inc. announced the launch of its proprietary Property Management Inspections Tool, an innovative feature within the Tribe Home suite of tools designed to enhance strata and condo property management. Additionally, Tribe underscores its resilience amidst ongoing trade uncertainties, highlighting the strength of its asset-light, technology-driven business model. Tribe's Property Management Inspections Tool enables property managers and on-site staff to efficiently log and track common area issues identified during regular site visits or special inspections. The tool replaces traditional paper-based reporting, allowing managers to document findings using their smartphone or tablet, complete with photos and descriptions, ensuring greater accuracy and accessibility. The Property Management Inspections Tool offers a range of benefits designed to improve property management. It helps compile detailed reports, including photos and notes, which are stored within Tribe Home for easy access by Council and Board members. Decision-makers can review inspection histories from one visit to the next, ensuring continuity and facilitating knowledge transfer. By streamlining property management workflows, the tool reduces administrative burdens and enhances responsiveness to maintenance needs. Additionally, it assists in ensuring regulatory compliance by helping keep track of essential systems, such as fire alarms and utilities, helping properties adhere to building codes and safety regulations. A standard site inspection covers critical property elements such as hallways, stairwells, elevators, parking areas, building exteriors, and essential infrastructure including lighting, drainage, and fire prevention systems. By digitizing these processes, Tribe enhances operational efficiency and risk mitigation while empowering Councils and Boards with the insights needed for informed decision-making. Resilience During Trade and Tariff Uncertainty: Tribe confirms that ongoing trade uncertainties and potential tariff escalations between the U.S. and Canada have no material impact on its business. As the third-largest condominium management company in Canada, and one of the largest Canadian-owned providers, Tribe continues to demonstrate resilience through various economic cycles, including evolving trade policies. New Risk • Jan 17
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.0m free cash flow). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$15.9m market cap, or US$11.1m). Reported Earnings • Nov 28
Third quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.098 loss in 3Q 2023) Third quarter 2024 results: CA$0.04 loss per share (improved from CA$0.098 loss in 3Q 2023). Revenue: CA$8.33m (up 74% from 3Q 2023). Net loss: CA$1.34m (loss narrowed 35% from 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Nov 28
Tribe Property Technologies Inc. Provides Earnings Guidance for the Year 2024 Tribe Property Technologies Inc. provided earnings guidance for the year 2024. The Company is on track to achieve its key goals for 2024 with accelerating revenue growth, improved profitability and expanding margins. The Company reported on its key goals for 2024: Increase monthly recurring revenue. Organic growth fueled by landing new property management agreements, onboarding more communities onto the Tribe platform, winning new software licensing agreements and increasing digital services revenue. Announcement • Nov 20
Tribe Property Technologies Inc. to Report Q3, 2024 Results on Nov 28, 2024 Tribe Property Technologies Inc. announced that they will report Q3, 2024 results on Nov 28, 2024 New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.9m free cash flow). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Market cap is less than US$10m (CA$12.6m market cap, or US$9.34m). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$8.3m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Aug 30
Second quarter 2024 earnings released: CA$0.11 loss per share (vs CA$0.13 loss in 2Q 2023) Second quarter 2024 results: CA$0.11 loss per share (improved from CA$0.13 loss in 2Q 2023). Revenue: CA$6.16m (up 28% from 2Q 2023). Net loss: CA$2.70m (flat on 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Tribe Property Technologies Inc. to Report Q2, 2024 Results on Aug 29, 2024 Tribe Property Technologies Inc. announced that they will report Q2, 2024 results on Aug 29, 2024 New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Market cap is less than US$10m (CA$13.3m market cap, or US$9.68m). Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$6.9m net loss next year). Announcement • Jul 22
Tribe Property Technologies Inc., Annual General Meeting, Sep 17, 2024 Tribe Property Technologies Inc., Annual General Meeting, Sep 17, 2024. Announcement • Jul 17
Tribe Property Technologies Inc. Launches Tribe Home App for Android and Announces Enhanced iOS Functionality to Streamline User Experience for Property Management Solutions Tribe Property Technologies Inc. has launched its Tribe Home app for Android devices and upgraded its iOS version, making it easier than ever to manage and live in multi-family residential homes, such as condos and townhouses. The Tribe Home app for Android provides residents with a robust suite of tools to enrich their living experience and enhances the user experience by providing immediate access to essential information and features on the go. With the Tribe Home app users can effortlessly access their account balances, make payments securely around the clock, and stay informed with instant updates on critical building notices, whether related to maintenance schedules, community events, or safety alerts. This centralized information hub fosters transparency and accountability by enabling residents to interact with property managers and fellow residents, submit help desk tickets, and receive timely responses--all from their mobile devices. For Tribe's iOS users, the upgraded Tribe Home app provides enhanced capabilities that foster improved collaboration and communication between residents and community managers. This advancement ensures that iOS users can effectively manage tasks and make informed decisions while on the move, similar to their Android counterparts. The Tribe Home app encourages community engagement by facilitating neighbour interactions and simplifying the preservation process for amenities such as gym facilities or community spaces, available at any time, even in the middle of the night. By offering curated discounts on essential services like food delivery and home insurance, the Tribe Home app not only enhances convenience but also supports a thriving condo-living community, building trust among Residents, Owners, Councils, and Boards. With approximately 40% of Canadians using Android devices1, the Company's Tribe Home app now extends its market reach, putting livability and home management directly in the palm of users' hands. With two full-featured apps that support both iOS and Android users, Tribe Home now reaches more residents than ever, allowing them to manage their homes right in the palm of their hand. This connectivity ensures every resident feels heard and supported, building trust and streamlining community operations. Experience the future of community management with the Tribe Home app, exclusively for residents of Tribe-managed communities. Redefine how engage with and manage community and experience the convenience and efficiency of managing community right from smartphone. The Tribe Home app is free for Tribe-managed community members to download on the Google Play Store and the Apple App Store. New Risk • Jul 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$6.9m net loss next year). Market cap is less than US$100m (CA$16.6m market cap, or US$12.1m). Announcement • Jun 10
Tribe Property Technologies Inc. announced that it expects to receive CAD 2.5 million in funding Tribe Property Technologies Inc. announced a non-brokered private placement of up to 4,807,693 units of the company at a price of CAD 0.52 per share for the gross proceeds of CAD 2,500,000 on June 10, 2024. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.82 at any time on or before that date which is 60 months after the closing date of the offering. The Company may pay a cash finders' fees of up to 7.0% of the aggregate gross proceeds of the Offering to eligible parties who have assisted in introducing subscribers to the Offering. In addition, the Company may issue Common Share purchase warrants of up to 7% of the number of Units issued to investors directly introduced to the Company by eligible finders, with each Common Share purchase warrant exercisable into one Common Share at a price of CAD 0.82 per Common Share for a period of 60 months. Closing of the Offering remains subject to the approval of the TSX Venture Exchange. New Risk • Jun 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 34% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$6.9m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding). Market cap is less than US$100m (CA$14.8m market cap, or US$10.8m). Announcement • Jun 06
Tribe Property Technologies Inc. announced that it has received CAD 3.665439 million in funding from DMSI Holdings Ltd., Propelr Growth On June 5, 2024, Tribe Property Technologies Inc. closed the transaction. The company issued 7,048,921 units at a price of CAD 0.52 per Unit to raise aggregate gross proceeds of up to CAD 3,665,438.92. The transaction included participation from DMSI Holdings Ltd. for 961,538 units. Announcement • Jun 02
Tribe Property Technologies Inc. Reiterates Earnings Guidance for the Year 2024 Tribe Property Technologies Inc. reiterated earnings guidance for the year 2024. The Company is reiterating its key goals for 2024: Increase monthly recurring revenue. Organic growth will be fueled by landing new property management agreements, onboarding more communities onto the Tribe platform, winning new software licensing agreements and increasing digital services revenue; and Improving profitability. The Company expects to continue driving efficiencies in the business resulting in improved gross margins and enhancing Tribe's EBITDA profile. The acquisition of DMSI also further accelerates the Company's goal to achieving profitability. Announcement • May 31
Tribe Property Technologies Inc. to Report Q1, 2024 Results on May 30, 2024 Tribe Property Technologies Inc. announced that they will report Q1, 2024 results After-Market on May 30, 2024 Announcement • May 28
Tribe Property Technologies Inc. announced that it expects to receive CAD 3.5 million in funding from DMSI Holdings Ltd., Propelr Growth Tribe Property Technologies Inc. announced a non-brokered private placement of up to 6,730,770 units at a price of CAD 0.52 per Unit to raise aggregate gross proceeds of up to CAD 3,500,000.4 on May 27, 2024. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.82 at any time on or before that date which is five years after the closing date of the financing. The transaction is led by new investor Propelr Growth for 4,615,385 units for aggregate gross proceeds of CAD 2,400,000. The transaction will also include participation by the operators of DMSI Holdings Ltd. Closing of the Financing is subject to certain conditions including, but not limited to, the receipt applicable regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the Financing are subject to a hold period expiring four months and one day from the closing date. Announcement • May 08
Tribe Property Technologies Inc. Provides Earnings Guidance for 2024 Tribe Property Technologies Inc. provided earnings guidance for 2024. For the period, management expectations are for improved revenue growth, profitability and expanding margins. Reported Earnings • May 07
Full year 2023 earnings released: CA$0.67 loss per share (vs CA$0.50 loss in FY 2022) Full year 2023 results: CA$0.67 loss per share (further deteriorated from CA$0.50 loss in FY 2022). Revenue: CA$19.4m (up 8.8% from FY 2022). Net loss: CA$14.2m (loss widened 34% from FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. New Risk • Apr 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.32m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.7m free cash flow). Market cap is less than US$10m (CA$12.8m market cap, or US$9.32m). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$6.8m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Feb 01
Tribe Property Technologies Inc. Appoints Angelo Bartolini as President Tribe Property Technologies Inc. provided the following corporate update. Tribe announce the appointment of Angelo Bartolini as President of the Company, in addition to his duties as the Company's Chief Financial Officer. Mr. Bartolini who joined the Company in October 2023 is an accomplished executive leader with over 30 years of experience in public companies, including Altus Group, where he was CFO for over 12 years. During his tenure at Altus Group, Mr. Bartolini helped drive transformative growth and significant shareholder value. Reporting directly to Joseph Nakhla, CEO of Tribe, Mr. Bartolini will be responsible for all operational aspects of the Company, in addition to his finance, accounting and financial reporting functions. Announcement • Dec 19
Tribe Property Technologies Inc. (TSXV:TRBE) completed the acquisition of Meritus Group Management Inc. Tribe Property Technologies Inc. (TSXV:TRBE) signed a share purchase agreement to acquire Meritus Group Management Inc. for CAD 1 million on August 29, 2023. In exchange for all the outstanding share capital of Meritus, Tribe has agreed to pay CAD 1 million to the existing shareholders of Meritus Group Management Inc., payable as CAD 0.05 million payable in cash within five (5) days of execution of the Agreement; CAD 0.45 million payable in cash on Closing, subject to adjustments; CAD 0.2 million payable in common shares of Tribe; and CAD 0.3 million payable by promissory note to be executed and delivered on Closing. All Consideration Shares issued will be subject to a voluntary lock-up from which one-third of the Consideration Shares will be released every six months for a period of eighteen months. The Note evidencing the Vendor Financing shall bear interest of 7% per annum, with interest payable on the 1st day of each month commencing November 1, 2023. The principal shall be paid in equal annual instalments with one third payable commencing October 2, 2024. The Vendor Financing shall be secured against the assets of Meritus. It is anticipated that Meritus will continue to operate independently until mid-2024 at which time, Meritus principal Dean McCabe and the rest of the Meritus team will formally join Tribe.
Meritus generated over CAD 2 million in revenues in its latest fiscal year. Dean McCabe will continue to lead Meritus. Closing is subject to receipt of TSX Venture Exchange approval and satisfaction of customary conditions and documentation. Closing is expected at the end of September 2023. No finder's fees were paid or payable in conjunction with this transaction.
Tribe Property Technologies Inc. (TSXV:TRBE) completed the acquisition of Meritus Group Management Inc. on December 18, 2023. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.098 loss per share (vs CA$0.13 loss in 3Q 2022) Third quarter 2023 results: CA$0.098 loss per share (improved from CA$0.13 loss in 3Q 2022). Revenue: CA$4.80m (up 5.9% from 3Q 2022). Net loss: CA$2.07m (loss narrowed 24% from 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • Nov 17
Tribe Property Technologies Inc. to Report Q3, 2023 Results on Nov 29, 2023 Tribe Property Technologies Inc. announced that they will report Q3, 2023 results on Nov 29, 2023 Announcement • Oct 11
Tribe Property Technologies Inc. Appoints Angelo Bartolini as Chief Financial Officer Tribe Property Technologies Inc. announced the appointment of Angelo Bartolini as Chief Financial Officer (CFO), effective immediately. Reporting directly to Joseph Nakhla, CEO of Tribe, Mr. Bartolini will have responsibility for all finance, accounting, financial reporting, audit, tax and capital planning functions. He will assume the Chief Financial Officer role from Jim Defer, who is pursuing other opportunities. Mr. Bartolini is an accomplished executive leader with over 12 years of experience in a public company setting where recently he led as the CFO of Altus Group. During his tenure at Altus Group, Mr. Bartolini helped drive transformative growth and significant shareholder value. In his role, he was accountable for quarterly financial reporting and the overall financial management of the company which included capital management, equity and debt financing, performance management including budgeting and forecasting, financial risk management and internal controls, M&A execution, and integration. Mr. Bartolini also has extensive experience from his senior financial roles with the Canadian division of The Home Depot as well as with Canadian Tire Corporation. Previously, Mr. Bartolini also served as the Chair of the Board of Directors of GeoVerra, a geomatics firm providing land surveying, forestry, environmental, and geospatial solutions, where he established Board governance structure and implementation of corporate policies. He holds an Honors degree in Business Administration from Western University and is a member of the Chartered Professional Accountants (CPA) of Ontario. Reported Earnings • Sep 03
Second quarter 2023 earnings released: CA$0.13 loss per share (vs CA$0.14 loss in 2Q 2022) Second quarter 2023 results: CA$0.13 loss per share (improved from CA$0.14 loss in 2Q 2022). Revenue: CA$4.82m (up 11% from 2Q 2022). Net loss: CA$2.72m (loss narrowed 8.6% from 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • Sep 01
Tribe Property Technologies Inc. Provides Earnings Guidance for the Year 2023 Tribe Property Technologies Inc. provided earnings guidance for the year 2023. For the year, the Management remains optimistic that 2023 will be a strong year for Tribe, expecting improved revenue, profitability and expanding margins. Announcement • Aug 31
Tribe Property Technologies Inc. (TSXV:TRBE) signed a share purchase agreement to acquire Meritus Group Management Inc. for CAD 1 million. Tribe Property Technologies Inc. (TSXV:TRBE) signed a share purchase agreement to acquire Meritus Group Management Inc. for CAD 1 million on August 29, 2023. In exchange for all the outstanding share capital of Meritus, Tribe has agreed to pay CAD 1 million to the existing shareholders of Meritus Group Management Inc., payable as CAD 0.05 million payable in cash within five (5) days of execution of the Agreement; CAD 0.45 million payable in cash on Closing, subject to adjustments; CAD 0.2 million payable in common shares of Tribe; and CAD 0.3 million payable by promissory note to be executed and delivered on Closing. All Consideration Shares issued will be subject to a voluntary lock-up from which one-third of the Consideration Shares will be released every six months for a period of eighteen months. The Note evidencing the Vendor Financing shall bear interest of 7% per annum, with interest payable on the 1st day of each month commencing November 1, 2023. The principal shall be paid in equal annual instalments with one third payable commencing October 2, 2024. The Vendor Financing shall be secured against the assets of Meritus. It is anticipated that Meritus will continue to operate independently until mid-2024 at which time, Meritus principal Dean McCabe and the rest of the Meritus team will formally join Tribe.
Meritus generated over CAD 2 million in revenues in its latest fiscal year. Dean McCabe will continue to lead Meritus. Closing is subject to receipt of TSX Venture Exchange approval and satisfaction of customary conditions and documentation. Closing is expected at the end of September 2023. No finder's fees were paid or payable in conjunction with this transaction. Announcement • Aug 10
Tribe Property Technologies Inc. to Report Q2, 2023 Results on Aug 30, 2023 Tribe Property Technologies Inc. announced that they will report Q2, 2023 results on Aug 30, 2023 Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.11 loss per share (vs CA$0.10 loss in 1Q 2022) First quarter 2023 results: CA$0.11 loss per share (further deteriorated from CA$0.10 loss in 1Q 2022). Revenue: CA$4.66m (up 11% from 1Q 2022). Net loss: CA$2.41m (loss widened 17% from 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • May 17
Tribe Property Technologies Inc. to Report Q1, 2023 Results on May 31, 2023 Tribe Property Technologies Inc. announced that they will report Q1, 2023 results at 1:30 PM, Pacific Standard Time on May 31, 2023 Major Estimate Revision • May 08
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CA$23.8m to CA$21.5m. Losses expected to increase from CA$0.40 per share to CA$0.49. Software industry in Canada expected to see average net income growth of 12% next year. Consensus price target of CA$3.50 unchanged from last update. Share price was steady at CA$1.35 over the past week. Reported Earnings • May 03
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: CA$0.50 loss per share (further deteriorated from CA$0.50 loss in FY 2021). Revenue: CA$17.8m (up 13% from FY 2021). Net loss: CA$10.5m (loss widened 39% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada. Announcement • Jan 10
Tribe Property Technologies Inc. (TSXV:TRBE) acquired Portfolio Of Strata Property Management Assets from Warrington PCI Management. Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Portfolio Of Strata Property Management Assets from Warrington PCI Management for CAD 0.35 million on November 22, 2022. Tribe has agreed to pay WPM up to CAD 0.375,000 million, payable as follows: i. CAD 0.250,000 million payable on the closing date; ii. Two tranches of CAD 37,500, each tranche payable in common shares of Tribe, upon the successful engagement of two additional properties, and iii. CAD 50,000 payable upon the date that is one-month after the first anniversary of the closing date, subject to adjustment. The closing date is expected to occur in early December 2022, subject to receipt of TSX Venture Exchange approval and satisfaction of customary closing conditions and documentation.
Tribe Property Technologies Inc. (TSXV:TRBE) acquired Portfolio Of Strata Property Management Assets from Warrington PCI Management on January 9, 2023. To acquire this portfolio, Tribe has agreed to pay WPM up to CAD 375,000, as follows: CAD 200,000 paid at closing; two tranches of CAD 37,500 each tranche payable in common shares of Tribe, with no greater than a total of 62,500 common share of Tribe to be issued at a deemed issue price no Less than CAD 1.20 per common share, upon the succession engagement of two additional properties, and; CAD 100,000 to be paid on February 5, 2024. Major Estimate Revision • Dec 06
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$20.0m to CA$17.7m. Forecast losses increased from -CA$0.47 to -CA$0.51 per share. Software industry in Canada expected to see average net income decline 6.5% next year. Consensus price target down from CA$4.00 to CA$3.50. Share price fell 2.9% to CA$1.65 over the past week. Price Target Changed • Dec 03
Price target decreased to CA$3.50 Down from CA$4.00, the current price target is an average from 2 analysts. New target price is 112% above last closing price of CA$1.65. Stock is down 59% over the past year. The company is forecast to post a net loss per share of CA$0.52 next year compared to a net loss per share of CA$0.50 last year. Reported Earnings • Dec 01
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: CA$0.13 loss per share (further deteriorated from CA$0.11 loss in 3Q 2021). Revenue: CA$4.53m (up 11% from 3Q 2021). Net loss: CA$2.73m (loss widened 55% from 3Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • Nov 23
Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Portfolio Of Strata Property Management Assets of Warrington PCI Management. Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Portfolio Of Strata Property Management Assets of Warrington PCI Management on November 22, 2022. Tribe has agreed to pay WPM up to $0.375,000 million, payable as follows: i. $0.250,000 million payable on the closing date; ii. Two tranches of $37,500, each tranche payable in common shares of Tribe, upon the successful engagement of two additional properties, and iii. $50,000 payable upon the date that is one-month after the first anniversary of the closing date, subject to adjustment. Announcement • Nov 16
Tribe Property Technologies Inc. to Report Q3, 2022 Results on Nov 29, 2022 Tribe Property Technologies Inc. announced that they will report Q3, 2022 results at 1:30 PM, Pacific Standard Time on Nov 29, 2022 Announcement • Sep 02
Tribe Property Technologies Inc. Appoints Drew Keddy as Chief Operating Officer Tribe Property Technologies Inc. announced that Drew Keddy joins the Company in the new role of Chief Operating Officer as of September 1, 2022. He will report directly to Joseph Nakhla, Tribe Chief Executive Officer, focusing on organic growth opportunities, operational efficiencies, and accelerating the Company's acquisition strategies. Mr. Keddy has an extensive real estate background with three decades of experience in operations, most recently as President of Sutton Group Realty Services. Prior to his time at Sutton, Mr. Keddy was a former VP of Canada, VP of North American Operations and Director of Corporate Development with Colliers International. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.14 loss per share (vs CA$0.10 loss in 2Q 2021) Second quarter 2022 results: CA$0.14 loss per share (down from CA$0.10 loss in 2Q 2021). Revenue: CA$4.33m (up 9.1% from 2Q 2021). Net loss: CA$2.97m (loss widened 81% from 2Q 2021). Over the next year, revenue is forecast to grow 64%, compared to a 22% growth forecast for the Software industry in Canada. Announcement • Aug 18
Tribe Property Technologies Inc. to Report Q2, 2022 Results on Aug 29, 2022 Tribe Property Technologies Inc. announced that they will report Q2, 2022 results at 1:30 PM, Pacific Standard Time on Aug 29, 2022 Announcement • Aug 03
Tribe Property Technologies Inc. (TSXV:TRBE) completed the acquisition of Portfolio of strata property management assets of Martello Property Services Inc. Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Portfolio of strata property management assets of Martello Property Services Inc for CAD 0.72 million on July 12, 2022. Of the total consideration CAD 475,000 is payable on the closing date, CAD 75,000 is payable on the date that is thirteen (13) months after the closing date; and up to CAD 170,000 is payable upon the future delivery of property management contracts related to buildings that are currently under development. The acquisition will add over 1,500 additional units and two employees to Tribe Property. Closing is expected to occur on or about July 31, 2022, subject to satisfaction of customary closing conditions and documentation.
Tribe Property Technologies Inc. (TSXV:TRBE) completed the acquisition of Portfolio of strata property management assets of Martello Property Services Inc on August 2, 2022. Price Target Changed • Jul 27
Price target decreased to CA$4.00 Down from CA$4.35, the current price target is provided by 1 analyst. New target price is 86% above last closing price of CA$2.15. Stock is down 40% over the past year. The company posted a net loss per share of CA$0.50 last year. Announcement • Jul 13
Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Portfolio of strata property management assets of Martello Property Services Inc for CAD 0.72 million. Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Portfolio of strata property management assets of Martello Property Services Inc for CAD 0.72 million on July 12, 2022. Of the total consideration CAD 475,000 is payable on the closing date, CAD 75,000 is payable on the date that is thirteen (13) months after the closing date; and up to CAD 170,000 is payable upon the future delivery of property management contracts related to buildings that are currently under development. Closing is expected to occur on or about July 31, 2022, subject to satisfaction of customary closing conditions and documentation. Announcement • Jul 02
Tribe Property Technologies Inc. (TSXV:TRBE) completed the acquisition of Southview Property Management Inc. Tribe Property Technologies Inc. (TSXV:TRBE) agreed to acquire Southview Property Management Inc. for CAD 0.35 million on May 12, 2022. The consideration includes a.) CAD 0.35 million payable on the closing date b.) CAD 0.15 million payable in common shares of Tribe c.) CAD 0.1 payable on the date that is 90 days following the closing date subject to certain adjustments based on revenue and customer contracts. Transaction is subject to receipt of TSX Venture Exchange approval and satisfaction of customary conditions and documentation and is expected to close on or about June 30, 2022
Tribe Property Technologies Inc. (TSXV:TRBE) completed the acquisition of Southview Property Management Inc. on June 30, 2022. Reported Earnings • Jun 04
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: CA$0.10 loss per share (up from CA$0.24 loss in 1Q 2021). Revenue: CA$4.20m (up 11% from 1Q 2021). Net loss: CA$2.06m (loss narrowed 35% from 1Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 54%, compared to a 25% growth forecast for the industry in Canada. 
