Pivotree Reports Record Adjusted EBITDA in Q4 2024

Pivotree Inc., a leader in frictionless commerce solutions, announced a record adjusted EBITDA of $1.7 million in Q4 2024. This improvement of $2.5 million over the previous quarter marks a significant milestone since the company went public in 2020. CEO Bill Di Nardo attributes this success to the team's rapid adaptation to organizational changes aimed at enhancing operating efficiencies.

Despite a 13.3% decrease in total revenue, dropping to $18.2 million, and a decline in Managed & IP Solutions and Legacy Managed Services revenues, the firm achieved growth in professional services revenue by 0.3%. The gross profit recorded was $8.0 million, equating to 44% of total revenue.

Pivotree also reported a reduced net loss of $0.2 million for Q4 2024, compared to a loss of $1.4 million the previous year, largely due to restructuring efforts and foreign exchange impacts.