Pivotree Reports Revenue Dip but Maintains Growth Focus

Pivotree, Inc. (TSE:PVT) has released an update.

Pivotree, Inc. reported a decline in total revenue to $21.0 million and a net loss of $1.4 million in the fourth quarter of 2023, despite achieving its fifth consecutive quarter of positive adjusted EBITDA. The company faced a year-over-year decrease in legacy managed services revenue but saw growth in its managed and IP solutions. CEO Bill DiNardo remains confident in the company’s profitable growth and continued investment in frictionless products.

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