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Pivotree Inc. (V:PVT)

Business Focus: IT Services & Consulting (NEC)

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 250 Yonge Street, 16th Floor
Tel: N/A
IR: See website
Key People
Business Overview
Pivotree Inc. is a Canada-based company, which is engaged in frictionless commerce with a focus on e-commerce, master data management (MDM), Cloud, Cybersecurity and Supply Chain solutions. The Company is an end-to-end vendor supporting clients from strategy, platform selection, deployment and hosting through to ongoing support. It operates as a single resource to help companies adapt in a digital commerce landscape. Its clients choose solutions and design, build and connect critical systems to run in a commerce business. The Company serves to approximately 170 brands and business-to-consumer (B2C) and business-to- business (B2B) companies. The Company operates in America; Europe, the Middle East and Africa; and Asia-Pacific (APAC). The Company operates through two segments: North America and Europe.
Financial Overview
For the fiscal year ended 31 December 2021, Pivotree Inc revenues increased 6% to C$67.5M. Net loss increased from C$5.8M to C$11.6M. Revenues reflect Professional Services segment increase of 51% to C$30.3M, United States segment increase of 8% to C$38M, Canada segment increase of 8% to C$23.7M. Higher net loss reflects Salaries and Benefits increase from C$2.6M to C$5.8M (expense), Salaries and Benefits increase from C$514K to C$1.9M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $72.83M as of Dec 31, 2021
Annual revenue (TTM): $67.54M as of Dec 31, 2021
EBITDA (TTM): -$5.51M as of Dec 31, 2021
Net annual income (TTM): -$11.59M as of Dec 31, 2021
Free cash flow (TTM): -$8.79M as of Dec 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,328,853 as of Mar 14, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization