Tribe Property Technologies CEO Joseph Nakhla joined Steve Darling from Proactive to share news the company has released its Q4 and Year-end financial for 2022. The company continues to see steady and consistent growth.
Nakhla telling Proactive the company saw Q4 revenue of 4.75 million which was an increase of 18.8% over Q4 of 2021. It was also a new record for the company.
The company also saw annual revenue of 17.81 million, another record, compared to 15.83 million for the year ended December 31, 2021. The majority of the business brought onboard last year was organic, driven by traditional property management companies looking for more efficient and digital support for their management needs. In 2023, the company anticipates a massive catch-up in brand new construction completion, with between 22 and 24 new communities coming onboard. Tribe Property Technologies is also actively looking for potential acquisitions to expand its presence in the Ontario market. The company's focus for 2023 is on optimization and profitability improvement.