Tribe Property Technologies sees double digit increases in revenue for 4Q and FY 2022
Vancouver
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May 03, 2023 02:25 PM Eastern Daylight Time
Tribe Property Technologies CEO Joseph Nakhla joined Steve Darling from Proactive to share news the company has released its 4Q and full-year 2022 financials, showing steady and consistent growth.
Nakhla telling Proactive the company saw 4Q revenue of $4.75 million, an increase of 18.8% over 4Q of 2021, and 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.
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