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Pivotree (TSXV:PVT) has received TSX Venture Exchange approval for a new normal course issuer bid (NCIB) to repurchase up to 2,030,724 common shares, representing 10% of shares held by public shareholders. The NCIB will run from September 3, 2025 to September 2, 2026, with a limit of 2% of issued shares per 30-day period.
The company will continue working with National Bank Financial as its broker for the NCIB. Under its previous NCIB which expired on August 7th, 2025, Pivotree purchased 92,800 shares. The company believes its share price occasionally undervalues its prospects and views buybacks as an appropriate use of working capital to enhance shareholder value.
Pivotree (TSXV:PVT) reported Q2 2025 financial results showing continued operational improvement with $1.7M in Adjusted EBITDA and net income of $2.5M, marking its third consecutive quarter of positive Adjusted EBITDA and second quarter of positive net income.
Total revenue was $17.3M, down 14.7% year-over-year, with Professional Services revenue at $10.5M (down 5.0%), MIPS revenue at $3.7M (down 7.3%), and LMS revenue at $3.0M (down 41.3%). Despite revenue declines, gross margin improved to 46.2%, with particularly strong Professional Services margins.
The company divested its Warehouse Management operations to focus on Order Management, while securing new contracts in Commerce and Data segments, including four new logos in Data operations.
Pivotree (TSXV:PVT), a leading provider of frictionless commerce solutions, has scheduled its second quarter 2025 financial results release for Wednesday, August 13, 2025, before market opening.
The company will host a webinar at 8:30 am ET featuring CEO Bill Di Nardo and CFO Mo Ashoor, including a Q&A session. Participants can join via Zoom Video Webinar or dial in by phone, with registration required. A replay will be available approximately two hours after the event.
Pivotree (TSXV:PVT) held its annual and special meeting of shareholders on June 25, 2025, where all proposed resolutions were successfully passed. The company elected eight directors and appointed BDO Canada LLP as its auditor.
The company announced new equity incentive grants including 720,000 stock options at an exercise price of $1.23 per share for executive officers, vesting over three years. Additionally, 182,735 deferred share units (DSUs) were granted to non-executive officers, vesting through June 30, 2026.
Pivotree Inc. (PVTRF) has announced the divestiture of its Warehouse Management System (WMS) assets to Tecsys Inc. for C$2.7 million. The transaction includes the sale of customer contracts and proprietary WMS software, along with the transfer of relevant employees to Tecsys. The strategic move allows Pivotree to reallocate capital and resources towards growth initiatives more aligned with its core customer base.
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