Tiny Ltd - TNYZF STOCK NEWS

Tiny, a Canadian holding company, announced a private placement of up to 7,667,914 common shares at C$2.68 per share, aiming to raise approximately C$20.55 million (US$15 million). The funds will be utilized for acquisitions, working capital, and general corporate purposes. No finder's fees or commissions are involved. Hosking Partners LLP, a London-based investment management company with US$5.5 billion AUM, will be participating. The shares will have a four-month statutory hold period. The private placement is non-brokered and subject to TSX Venture Exchange approval.

Tiny reported Q1 2024 revenue of $48.9 million, a 35% increase from Q1 2023. Recurring revenue rose to $9.3 million, making up 19% of total revenue. EBITDA improved to $3.4 million from a negative $1.1 million in Q1 2023. However, the company recorded a net loss of $8.9 million, up from a $4.1 million loss the previous year, primarily due to depreciation and amortization costs. Cash from operations was $2.9 million, reversing a $1.0 million outflow in Q1 2023. Total debt increased to $135.8 million from $131.2 million, mainly due to investments. Assets slightly decreased to $386.0 million. The acquisition of WholesalePet was completed, and Tiny Fund I is now fully deployed.

Tiny (TSXV: TINY) announced its annual general and special meeting of shareholders will be held on June 20, 2024, at the Fairmont Empress in Victoria, B.C.

Key matters to be discussed include the approval of consolidated financial statements for the year ending December 31, 2023, setting the number of directors at 5, re-electing current directors Andrew Wilkinson, Chris Sparling, Tim McElvaine, Carla Matheson, and Shane Parrish, re-appointing KPMG LLP as auditors, and ratifying the 10% rolling omnibus equity incentive plan.

More details are available in the management information circular on the company's profile page at www.sedarplus.ca and on Tiny's website.

Tiny (TSXV: TINY), a Canadian technology holding company, will release its financial results for Q1 2024 on May 28, 2024, prior to market opening. The results will cover the period ending March 31, 2024. Investors and stakeholders are keenly awaiting these results to gauge the company's financial performance and strategic progress.

Tiny (TNYZF) announces strong financial results for Q4 2023, with total revenue of $51.2 million and cash from operations of $9.9 million. Recurring revenue in 2023 was $29.5 million, excluding Q1 2023 revenue from WeCommerce. The company saw significant growth in revenue, net income, and EBITDA compared to the previous year.

Tiny (TNYZF) to report financial results for the full year ended December 31, 2023, on April 11, 2024. The Canadian technology holding company is set to unveil its performance in the market.

Tiny Ltd. has engaged ICP Securities Inc. to provide market making services for its securities on the TSX Venture Exchange. The agreement involves a monthly cash fee of C$7,500 for an Initial Term of four months, with automatic renewal for subsequent one-month terms. There are no performance factors or compensation securities included in the agreement.

Tiny Ltd. (TSXV: TINY) announces the acquisition of Repeat Inc. by WeCommerce Operations Ltd. to enhance e-commerce technology offerings. Repeat is a leading retention AI marketing software application for enterprise e-commerce merchants.

Atoms, a new habit app inspired by James Clear's best-selling book Atomic Habits, has launched in the US and Canada. The app aims to empower users to make positive changes through small, consistent habits. With over 15 million people already embracing Clear's principles, Atoms offers a personalized experience to help users build identity-based habits. The app features exclusive content from Clear and key elements like guided habit creation, intuitive interface, smart reminders, and progress insights.