Tiny Ltd - TNYZF STOCK NEWS

Tiny reported Q3 2024 financial results with revenue of $46.7 million, down 8% from Q3 2023. Adjusted EBITDA reached $7.3 million, increasing $0.5 million from Q2 2024. The company reduced its debt by $4.9 million, with net debt at $96.4 million. Recurring revenue was $9.8 million, representing 21% of total revenue. The company implemented cost rationalization initiatives expected to save over $4.0 million annually. Notable portfolio highlights include Creative Market becoming the world's largest font marketplace and Letterboxd exceeding 15 million members with 62% growth in monthly active users since acquisition.

Tiny (TSXV: TINY) announced it will release its Q3 2024 financial results for the period ended September 30, 2024, before market open on November 15, 2024. The company will host a conference call at 8:00 a.m. ET on the same day, featuring CEO Jordan Taub and CFO Mike McKenna, followed by a Q&A session. The call will be accessible via US and Canadian dial-in numbers, with a webcast option available. A replay will be accessible for one week following the call.

Tiny (TSXV: TINY) announced that its Chairman, Andrew Wilkinson, has established an automatic securities disposition plan (ASDP) for personal and financial planning purposes. The ASDP allows for the sale of up to 2,000,000 Common Shares, representing approximately 1.067% of the issued and outstanding shares, over a 12-month period starting after the company's Q3 2024 financial statements are filed.

Key points:

• The plan is designed for orderly disposition at prevailing market prices
• Wilkinson currently owns over 120 million Common Shares
• The ASDP prohibits consultation between Wilkinson and the administering agent
• The British Columbia Securities Commission has exempted Wilkinson from the prospectus requirement for sales under the ASDP

Tiny (TSXV: TINY), a Canadian holding company, has announced an equity grant to its newly appointed CEO, Jordan Taub. The company has granted 469,483 restricted share units (RSUs), subject to acceptance by the TSX Venture Exchange. These RSUs are subject to vesting provisions, with the first third vesting on the first anniversary of the grant date.

This equity grant aligns the new CEO's interests with those of the shareholders and provides an incentive for long-term performance. The vesting schedule encourages retention and commitment to the company's growth over time.

Tiny (TSXV: TINY) reported Q2 2024 financial results with total revenue of $51.0 million, up $2.1 million from Q1 2024. Key highlights include:

- Completed $20.6 million equity raise with Hosking Partners LLP
- Acquired 100% of MediaNet Solutions, an education software business
- Debt repayment of $16.0 million; net debt of $98.7 million at Q2 2024
- Transitioned CEO role to Jordan Taub and appointed new CFO Mike McKenna
- Recurring revenue of $9.6 million, 19% of total revenue
- Cash on hand: $22.4 million; Total debt: $121.1 million
- Net loss: $1.7 million; EBITDA: $4.9 million

The company focuses on strengthening its balance sheet, investing in organic growth, and increasing cost discipline for long-term free cash flow generation.

Tiny (TSXV: TINY), a Canadian technology holding company, has announced it will release its Q2 2024 financial results on Friday, August 16, 2024, before the market opens. The company will host a conference call and webcast on the same day at 8:00 a.m. ET to provide a business update and answer questions.

The call will be led by CEO Jordan Taub and CFO Mike McKenna. Investors can join via phone using the dial-in numbers: (US) 1.833.470.1428 or (Canada) 1.226.828.7575 / 1.833.950.0062, with access code 788533. A live webcast will also be available. An archived telephone replay will be accessible for two weeks after the call.

Tiny (TSXV: TINY) has appointed Mike McKenna as its new Chief Financial Officer, effective immediately. McKenna will oversee finance, accounting, HR, and investor relations, reporting directly to CEO Jordan Taub.

McKenna brings over two decades of experience in corporate finance, having previously served as CFO of LifeSpeak and Mobile Klinik. His notable achievements include leading LifeSpeak through its IPO in 2021 and the sale of Mobile Klinik to TELUS.

McKenna succeeds David Charron, who has served as CFO for three years. As part of the transition, Tiny will issue 157,434 common shares to Charron at $2.14 per share, pending TSX Venture Exchange approval, with a four-month hold period.

Tiny announced the appointment of Jordan Taub as Chief Executive Officer, effective immediately. Taub, previously CEO of WeCommerce, brings extensive experience from Constellation Software and a background in corporate finance. Founders Andrew Wilkinson and Chris Sparling will stay involved as Chairs of the Board, focusing on vision, capital allocation, and long-term strategy. They emphasize Taub's proven leadership and operational expertise, highlighting his role in strategic acquisitions and aligning with Tiny's growth objectives. This leadership transition aims to strengthen operational excellence and drive long-term shareholder value.

Tiny (TSXV: TINY) announced the completion of its acquisition of MediaNet Solutions, an educational software company based in Arizona. MediaNet, founded in 1997, specializes in special education management and offers products like e-IEP PRO, e-ELL PRO, and e-MTSS PRO, serving around 580 districts and agencies in Arizona with a 98% customer retention rate. The acquisition, conducted by Tiny's subsidiary, Tiny Capital (US), was an all-cash transaction. The financial terms were not disclosed, but the deal was classified as an 'Exempt Transaction' under TSX Venture Exchange Policy 5.3.