Tribe Property Technologies sees record revenue as company posts 4th quarter and year end results
–News Direct–
Tribe Property Technologies CEO Joseph Nakhla joined Steve Darling from Proactive to announce the company's financial results for the fiscal year and fourth quarter ended December 31, 2023.
Nakhla began by highlighting the company's revenue growth, with total revenue reaching $19.39 million, marking an 8.8% increase compared to the previous fiscal year. This growth was attributed to various factors, including an expansion in software and service fees driven by an increased number of properties on the Tribe platform, higher financial services revenue associated with banking partnerships, software licensing fees, and the acquisition of Meritus.
Additionally, Nakhla noted a significant improvement in gross profit, which amounted to $6.63 million for fiscal 2023...