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Triterras Inc. (Nasdaq: TRIT, TRITW) has launched a new logistics module on its blockchain-enabled platform, Kratos, enhancing its digital marketplace for commodity trading and finance. Developed in partnership with Seven Oceans, the module digitizes crucial shipping information, streamlining processes for shipbrokers and operators. This innovation aims to increase transaction volume and user growth without additional charges for logistics services. Additionally, Triterras recently unveiled an insurance module in collaboration with Marsh, further expanding its offerings.
Triterras Inc. (Nasdaq: TRIT, TRITW) announces the passing of board member Martin Jaskel due to surgical complications. His loss is felt deeply within the company, with CEO Srinivas Koneru acknowledging Jaskel's contributions during crucial business transitions. As the company navigates this unexpected change, Triterras’ Board of Directors is assessing succession plans. This situation emphasizes the importance of leadership continuity and raises questions regarding potential impacts on business strategy.
Triterras Inc. (Nasdaq: TRIT, TRITW) announced its Q3 2020 revenue estimates of approximately $17 million and net income near $10 million. Cumulatively for the year, revenues are expected to total $40.7 million and net income $24.2 million. The company maintains its full fiscal year guidance, projecting total revenues of $56.6 million and net income of $32.9 million. CEO Srinivas Koneru emphasized the positive trajectory of their business into fiscal 2021.
Triterras Inc. (NASDAQ: TRIT, TRITW) plans to provide its estimated financial results for the third fiscal quarter during a business update call on December 22, 2020. Company insiders, including founder Srinivas Koneru, intend to increase their stock ownership when trading resumes. Koneru believes the current stock price is undervalued and expects business fluctuations from customer Rhodium to be offset by other traders on their platform. A replay of the call will be available until December 29, 2020.
Triterras scheduled a conference call for January 5, 2021, at 10:00 a.m. Eastern time to discuss business updates. Management will present insights and then take questions from participants. The call can be accessed via U.S. and international dial-ins, with a replay available after 1:00 p.m. the same day until January 12, 2021. Triterras operates Kratos™, a leading platform for commodity trading and trade finance.
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