Q4 2024 Pivotree Inc Earnings Call Transcript

Mar 27, 2025 / 12:30 PM GMT

Release Date Price: $0.5555

Transcript

Key Points

Positve

Pivotree Inc (TSXV:PVT) achieved a record high adjusted EBITDA of $1.7 million in Q4 2024, marking a significant improvement since going public in 2020.
The company successfully reduced annualized costs by approximately $8.5 million, contributing to improved financial performance.
Pivotree Inc (TSXV:PVT) added 1.4 million SKUs to its SKU Build repository, bringing the total to around 2 million, using automation tools at a low cost.
The company reported a strong quarter for TCV bookings in its Managed and IP Solutions segment, up 14% year-over-year.
Pivotree Inc (TSXV:PVT) has filled key roles, including a new Chief Revenue Officer and Chief Product Officer, enhancing focus on revenue and product development.

Negative

Revenue for Q4 2024 was $18.2 million, down 13% year-over-year, primarily due to a decline in legacy managed services.
The legacy managed services segment continues to decline, with a 30% decrease in revenue for the year.
Gross margin decreased to 44% in Q4 2024 from 46.7% the previous year, indicating pressure on profitability.
The company experienced a decline in TCV bookings for Q4 2024, with a recorded $9.8 million, down from previous quarters.
Pivotree Inc (TSXV:PVT) consumed $1.6 million in cash during the quarter, attributed to timing of working capital and restructuring payments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PVT.V - Pivotree Inc
Q4 2024 Pivotree Inc Earnings Call
Mar 27, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone, and welcome to the Pivotry Inc. 4th quarter 2024 earnings call.

All participants are currently in listen-only mode. Following the presentation, we will open the line for a question and answer session for the analysts.

To click on the icon to raise your hand.

Before we begin, pivotry would like to remind listeners that certain information discussed today may be forward-looking in nature. Such forward-looking information reflects the company's current views with respect to future events.

Any such information is subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected in the forward-looking states.

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