Tribe Property Technologies sees its 2Q revenue soar 244% to nearly C$4M on Gateway results
Tribe's gross profit for the quarter climbed 274% to almost C$2 million, while its gross profit margin improved to 49.9% from 45.9%
Company
CVE:TRBE
Tribe Property Technologies Inc. is a company that is disrupting the traditional property management industry. Tribe's integrated service-technology delivery model supports the entire residential community — owners, tenants, landlords, Boards and Councils, property managers, service providers and real estate developers. Its blended service and technology approach simplifies the complexities around residential community living through communication, information, education and protection. By providing the most comprehensive suite of products and services for building and managing residential communities, Tribe aims to change the way people experience community living, connect with their neighbours and interact with their homes.
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Tribe's gross profit for the quarter climbed 274% to almost C$2 million, while its gross profit margin improved to 49.9% from 45.9%
As a property technology company, Tribe will leverage the merger to continue its efforts to digitize the traditional property management industry
Tribe Home replaces the platform's original name, bazinga!, used since its inception in 2011 and strengthens the company's brand recognition under its Tribe portfolio of products and services
Landa Global has been using Tribe's developer suite of products, including deficiency management and warranty tools, to help complete its condo and townhouse development in Richmond and digitize the community's full suite of amenities
Surveys have found that of the around 4.5 million Canadian households that rent, nearly half do not have the protection of a tenant insurance policy, leaving them vulnerable to risks
The leading provider of technology-enabled property management solutions generated $3.79 million in revenue -- a 253% increase year-over-year