Tribe Property Technologies CEO Joseph Nakhla joined Steve Darling from Proactive to share news the company has announced its Q1 financial numbers that is showing a healthy increase in revenue growing over 10 year from Q1 of last year. Revenue was 4.6 million for the quarter.
Nakhla told Proactive this was driven by organic growth and acquisitions. The company is looking at keeping the momentum going with increasing the number of real estate development projects and onboarding of new communities. The company is also looking to improve margins and focus on cost efficiency strategies as they look to move towards profitability. The rebounding housing sector is expected to contribute to the company's growth throughout 2023 and into 2024. Additionally, the company is actively pursuing mergers and acquisitions, with a particular interest in the underserved GTA market.