Quarterly Activities/Appendix 4C Cash Flow Report

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Stock Thrive Tribe Technologies Ltd (1TT.ASX)
Release Time 30 Apr 2025, 12:01 p.m.
Price Sensitive Yes
 Thrive Tribe Technologies Reports Q3 FY25 Results
Key Points
  • Restructure of Thrive Tribe Technologies to focus on revenue generating opportunities
  • Appointment of new Chief Operating Officer with digital agency experience
  • Rebrand of Kumu to MyTribe and continued investment in core technology platforms
  • Increased emphasis on revenue-optimized agency model with new fee-paying clients
Full Summary

Thrive Tribe Technologies Limited (ASX: 1TT) has announced its Appendix 4C cash flow statement for the quarter ended 31 March 2025 (Q3 FY25), along with a financial and operational update. The key highlights include a restructure of the company to focus on revenue generating opportunities, the appointment of a new Chief Operating Officer (COO) with digital agency experience, a rebrand of the Kumu platform to MyTribe, and continued investment in the growth and scaling of core technology platforms. The company has also increased its emphasis on a revenue-optimized agency model, with the new COO leading the digital agency arm and winning new fee-paying clients during the quarter and subsequent to the end of the quarter. The company's cash position as of 31 March 2025 was $122,000, with net cash used in operating activities in the quarter of $1,462,000. During the quarter, the company paid fees and remuneration to directors and related parties in an amount of $93,000.

Outlook

The company is focused on expanding its network of companies and assisting them in scaling their businesses more effectively. It looks forward to an exciting quarter ahead as it works towards its strategic objectives and strengthens its position in the market.