• New CEO appointed to drive growth, particularly around Kumu and other opportunities
• Slik investment achieves profitability in Q4 2024
• Strengthened cash position through capital raises

Thrive Tribe Technologies Limited (ASX: 1TT) has announced its Appendix 4C cash flow statement for the quarter ended 31 December 2024 (Q2 FY25), along with a financial and operational update. Key highlights include:- The company conducted a strategic review of operations and a search for a new CEO to take the company into its next stage of growth, particularly around the commercialisation of Kumu and other growth opportunities. The company appointed Jade Spooner as the new Group CEO, who has extensive experience in scaling digital businesses, especially in the health and wellness sector.- The company's Slik investment (6.67% shareholding) has reached an Annual Recurring Revenue (ARR) of USD 720,000 as of December 2024 and achieved profitability in Q4 2024, marking a key milestone. Slik has also cultivated strong strategic partnerships, with Mercer now accounting for 25% of its client portfolio.- During the quarter, the company conducted several capital raises, including a $183,500 capital raise, a $703,000 entitlement offer, and a $1,000,000 capital raise. The company's cash position as of 31 December 2024 was $676,000, with net cash from operating activities in the quarter of $568,000.

Under the new CEO's leadership, the company aims to strengthen its market presence and drive long-term success by identifying new opportunities that align with its mission, expanding into promising industries, refining its product offerings, and delivering greater value to its clients.