- Total revenue for Tiny Ltd. (TNYZF, Financial) increased by 5% in 2024, reaching $194.2 million, with recurring revenue growing by 30% to $38.7 million.
- The company successfully reduced its debt by $24.5 million, bringing net debt down to $94.1 million by the end of the year.
- Acquisitions included Repeat, MediaNet Solutions, and Wholesale Pet, with a pending acquisition of Serato expected soon.
Tiny Ltd. (TNYZF) has reported its financial results for the full year of 2024. The company achieved a 5% increase in total revenue, amounting to $194.2 million, with recurring revenue experiencing a significant growth of 30%, accounting for 20% of the total revenue. Adjusted EBITDA rose to $31.0 million, marking an increase of $3.6 million compared to the previous year.
In its strategic efforts to optimize financial health, Tiny Ltd. reduced total debt by $24.5 million, resulting in a net debt of $94.1 million as of December 31, 2024. The company also improved its cash flow from operations, which rose to $19.9 million from $3.4 million in the previous year, and free cash flow turned positive at $9.3 million.
As part of its expansion strategy, Tiny completed successful acquisitions of Repeat, MediaNet Solutions, and Wholesale Pet. The company also announced plans for a pending acquisition of Serato, a leading global provider of DJ software, to further bolster its portfolio.
Despite reporting a net loss of $47.6 million for 2024, compared to a net profit of $14.8 million in 2023, the company's operational metrics, such as improving Adjusted EBITDA, suggest an optimistic outlook for future periods. CEOs mentioned that the focus remains on strengthening the balance sheet and exploring additional acquisition opportunities to drive long-term growth.
