Latest news with #BuildDirect
Yahoo
31-05-2025
- Business
- Yahoo
BuildDirect.com Technologies Inc (BDCTF) Q1 2025 Earnings Call Highlights: Strategic Moves Amid ...
Revenue: $15.1 million for Q1 2025, down from $15.6 million in Q1 2024. Gross Margin: 41.3% in Q1 2025, up from 39.1% in Q1 2024. Gross Profit: $6.2 million in Q1 2025, up from $6.1 million in Q1 2024. Operating Expenses (OpEx): $6.4 million in Q1 2025, a slight decrease from Q1 2024. Adjusted EBITDA: Approximately $650,000 in Q1 2025, up from just over $500,000 in Q1 2024. Working Capital: $2.5 million as of March 31, 2025, down from $2.7 million in the prior year. Cash Position: $3.5 million as of March 31, 2025, $1.2 million higher than the prior quarter year-over-year. Cash from Operations: $768,000 for Q1 2025, down from $1.2 million in Q1 2024. Pro Center Revenue: $10.8 million in Q1 2025, down from $11.3 million in Q1 2024. E-Commerce Revenue: $4.2 million in Q1 2025, slightly down from $4.3 million in Q1 2024. Interest Expense: $349,000 in Q1 2025, up from $330,000 in Q1 2024. Restructuring Costs: Approximately $120,000 in Q1 2025, compared to nil in Q1 2024. Fulfillment Costs: Decreased by $102,000 to nearly $900,000 in Q1 2025. Selling and Marketing Costs: Approximately $1.4 million in Q1 2025, a slight increase of $53,000 from Q1 2024. Admin Costs: Increased nominally by 0.3% to $3.2 million in Q1 2025. Warning! GuruFocus has detected 3 Warning Signs with BDCTF. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Technologies Inc (BDCTF) reported a gross margin increase to 41.3% in Q1 2025, up from 39.1% in the same quarter last year. The company achieved a positive adjusted EBITDA of $650,000 in Q1 2025, reflecting strong operational efficiency. Technologies Inc (BDCTF) completed the acquisition of key assets from Anchor Yorkshire Flooring, expanding its footprint in the Southeast US. The company signed a supply agreement worth up to $200 million with a large North American customer in the sports, entertainment, and recreation sector. Technologies Inc (BDCTF) successfully transitioned from third-party logistics providers to its own facilities, reducing fulfillment costs and improving customer service. Revenue for Q1 2025 decreased to $15.1 million from $15.6 million in the same quarter last year, a decline of 3.2%. Sales were negatively impacted by adverse weather conditions in key markets, reducing customer traffic and delaying project timelines. The company incurred restructuring costs of approximately $120,000 in Q1 2025, related to severance from headcount reductions. Interest expense increased to $349,000 in Q1 2025, primarily due to higher accrued balances on insider loans and new credit facilities. Cash from operations decreased by $400,000 year-over-year, mainly due to changes in noncash working capital. Q: Could you provide more detail on the timeline for the planned new Pro Center openings in key US markets? A: Shawn Wilson, CEO: We have a couple of potential locations in mind. Ideally, we aim to acquire $15 million to $20 million in revenue this year, with integration in Q4. However, we won't force deals; they must make sense and be structured correctly. Q: Given your dual strategy of building new Pro Centers organically and acquiring existing firm retails, could you elaborate on why BuildDirect often prefers to acquire established locations? A: Shawn Wilson, CEO: Acquiring established locations offers faster payback and market entry with an existing team and relationships. This allows us to quickly integrate procurement and marketing synergies, as seen with the Anchor Yorkshire acquisition. Q: Can you discuss how you plan to integrate the recent acquisition in Florida operationally and commercially, and what synergies do you expect to realize? A: Shawn Wilson, CEO: The integration of Anchor Yorkshire was swift, and we are now focusing on expanding product offerings. We expect to see improvements in Q3 and Q4, with potential synergies in new segments like medical and hospitality. Q: How does the recent acquisition fit into your overall regional growth strategy in the Southeast US? A: Shawn Wilson, CEO: The Southeast is a growing market, and the acquisition provides substantial freight savings and opens up nearby states. It is our first location in Florida, and we plan to expand our Pro Center network in the region. Q: How is the transition from third-party warehouses to Pro Centers progressing, and what impact has it had on fulfillment costs and customer delivery times? A: Shawn Wilson, CEO: The transition is complete, and we no longer use third-party logistics. This has significantly reduced fulfillment costs and improved customer service, with lower claim rates and faster shipping. Q: Can you elaborate on the recent management loans secured by senior leadership and how they align with the company's incentive structure and shareholder interest? A: Shawn Wilson, CEO: The management team now owns more equity, aligning interests with shareholders. Kerry Biggs, CFO: The company has a loan payable to Lyra and a loan receivable from management, resulting in no incremental leverage for the company. Q: What are your plans to deepen penetration in the commercial segment, and how does this segment's margin profile compare with your residential business? A: Kerry Biggs, CFO: We focus on product fulfillment for large projects, which offers excellent margins. The commercial segment is a priority, and we have expertise in direct sourcing from factories to project sites. Q: Will you be releasing guidance for 2025, and can you speak to seasonality? A: Shawn Wilson, CEO: We don't provide guidance due to our M&A strategy. Seasonality affects us mainly in Q4 and Q1, with softer performance due to weather and macroeconomic factors, particularly in Michigan. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
BuildDirect Reports First Quarter 2025 Financial Results
Delivered $0.65 million in adjusted EBITDA in Q1 2025, extending the Company's track record to 13 straight quarters of positive performance. Delivered gross margin of 41.3% in Q1 2025, an increase of 220 bps year-over-year. Working capital decreased by $0.2 million to $2.5 million at March 31, 2025 from $2.7 million at December 31, 2024. Opened a new Pro Center in California and completed the acquisition of key flooring assets in Florida to expand market reach in key U.S. regions. Company to host First Quarter 2025 financial results conference call on Friday, May 30, 2025 at 10:30 AM (PDT) / 1:30 PM (EDT). BuildDirect reports in US dollars and in accordance with IFRS Accounting Standards. Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, today announced its financial results for the First Quarter Ended March 31, 2025 ("Q1 2025"). "BuildDirect delivered solid financial performance in the first quarter of 2025, generating $0.65 million in adjusted EBITDA and marking our 13th consecutive quarter of positive results," said Shawn Wilson, CEO of BuildDirect. "Our gross margin of 41.3%, an increase of 220 basis points year-over-year, reflects our more efficient and higher margin core inventory profile across our businesses." Shawn added, "We also continued to execute on our strategic growth priorities by opening a new Pro Center in California and acquiring key flooring assets in Florida to expand our footprint in key U.S. regions with strong demand fundamentals. These actions support our long-term objective of driving sustainable, profitable growth and enhancing shareholder value." BuildDirect First Quarter 2025 Financial Results Conference Call Date: Friday, May 30, 2025Time: 10:30 AM (PDT) / 1:30 PM (EDT)Live Webinar: The replay will be available approximately 24 hours after the completion of the conference call. In addition, an archived replay will be available on the Investor Relations section of the Company's website at Among other things, the Company will discuss the long-term financial outlook on the conference call and related materials will be available on the Company's website at Investors should carefully review the factors, assumptions, risks, and uncertainties included in such related materials concerning such as the long-term financial outlook. First Quarter 2025 Financial Highlights A. Financial Position The following table summarizes the Company's financial position at March 31, 2025 and December 31, 2024. As at As atMarch 31, December 31, 2025 2024 Change Cash and cash equivalents $ 3,490,258$ 2,347,491$ 1,142,766Working capital (1)2,519,793 2,712,617 (192,824 ) Total assets26,736,784 27,752,963 (1,016,179 ) Total liabilities24,428,422 24,597,974 (169,552 ) Total shareholders' equity2,308,362 3,154,989 (846,627 ) Common shares outstanding42,040,123 42,032,706 7,417 B. Financial Results The following table summarizes the Company's selected financial results for the three months ended March 31, 2025 and 2024. Three months ended Three months endedMarch 31, March 31, 2025 2024 Change Revenue $ 15,088,846$ 15,589,852$ (501,006 ) Income (loss) from operations(155,299 )(316,981 )161,682Comprehensive income (loss)(885,905 )(589,324 )(296,581 ) Adjusted EBITDA (1)650,104 504,230 145,874Basic and diluted loss per share $ (0.02 ) $ (0.01 ) $ (0.01 ) C. Revenue and Gross Profit per Segment The Company reports results in two segments: (1) E-Commerce and (2) Pro Centers. We measure each reportable operating segment's performance based on revenue. The E-Commerce segment relates to our on-line platform while the Pro Center segment includes sales and installation revenue from bricks and mortar operations. The E-Commerce and Pro Center segments contributed 28% and 72% of the Company's revenue respectively in Q1 2025 compared to 27% and 73% of the Company's revenue, respectively, in Q1 2024. The following table summarizes Revenue and Gross Profit per Segment for the three months ended March 31, 2025, and 2024. Three months ended March 31, 2025 E-Commerce Pro Centers Total Revenue $ 4,221,406$ 10,867,440$ 15,088,846 Cost of goods sold2,032,088 6,832,086 8,864,174 Gross profit2,189,318 4,035,354 6,224,672 Gross profit %51.9% 37.1% 41.3%Three months ended March 31, 2024 E-Commerce Pro Centers Total Revenue $ 4,266,314$ 11,323,538$ 15,589,852 Cost of goods sold2,260,291 7,238,610 9,498,901 Gross profit2,006,023 4,084,928 6,090,951 Gross profit %47.0% 36.1% 39.1% D. Working Capital March 31, December 31, 2025 2024 Total current assets $ 16,556,019$ 16,910,668 Total current liabilities14,036,226 14,198,051 Working capital $ 2,519,793$ 2,712,617 E. Quarterly Financial Information USD Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 (Unaudited) Revenue 15,088,846 16,723,578 16,968,564 16,182,846 15,589,852 Gross Profit 6,224,672 6,562,882 6,503,404 6,184,756 6,090,951 Gross Margin % 41.3% 39.2% 38.3% 38.2% 39.1% Net Loss (885,905) 243,237 (384,414) (517,029) (589,324) Net Earnings (loss) p/s: Basic and diluted EPS (0.02) 0.01 (0.01) (0.01) (0.01) EBITDA(1) 345,803 396,232 711,775 573,376 486,772 Adjusted EBITDA(1) 650,104 376,331 786,410 578,326 504,230 Subsequent events to Q1 2025 On April 23, 2025, BuildDirect entered into a supply agreement valued at up to US$2 million with a North American customer in the sports, entertainment, and recreation sector to provide high-performance flooring products for use in active-use facilities. On May 9, 2025, BuildDirect completed a CAD$775,000 secured loan with its insider lender, Lyra Growth Partners Inc., with all proceeds used by the Company to fund loans ("Management Loans") to senior executives for the purpose of purchasing existing common shares in a private sale transaction with no new shares issued from treasury. 2025 Outlook As part of the Company's growth strategy, BuildDirect is actively pursuing a combination of new location builds and targeted strategic acquisitions that align with its operational and financial objectives. Looking forward, BuildDirect remains committed to strengthening its geographic footprint, deepening supplier relationships, and expanding service capabilities to better serve its growing base of professional customers. BuildDirect is also focused on driving EBITDA growth through operational improvements, working capital discipline, and the continued build-out of its commercial sales channel. With a strong foundation in place and a clear path forward, BuildDirect is well-positioned to scale efficiently and capture market share in both core and emerging regions. About BuildDirect BuildDirect (TSXV: BILD) is an expanding omnichannel building materials retailer, specializing in Pro Centers-strategic distribution hubs designed to serve professional contractors and trades. The Company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion. For more information, visit Forward-Looking Information: This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. These statements reflect management's current beliefs and expectations and are based on information currently available to management as at the date hereof. Forward-looking statements in this press release may include, without limitation, statements relating to BuildDirect being in a strong position to keep building; BuildDirect's ongoing pursuit of a model focused on growing the Pro Center network, creating operating leverage and staying disciplined on returns; the Company building or acquiring strong locations, expanding its commercial reach, and growing EBITDA through better execution; the Company's acceleration of growth through the exploration a combination of new location builds and targeted strategic acquisitions; the Company's expansion of its geographic footprint, deepening supplier relationships, and enhancing its service capabilities for professional customers; the Company's delivery of strong returns and capturing market share in both core and emerging regions; the Company's focus on driving EBITDA growth through improved operational efficiency and the continued development of its commercial sales channel; the Company being well-positioned to scale profitably while maintaining a high standard of customer service; and BuildDirect's unwavering commitment to pursue sustainable growth, operational excellence, and long-term value creation for its stakeholders. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Among those factors are changes in consumer spending, inflation, availability of mortgage financing and consumer credit, changes in the housing market, changes in trade policies, tariffs or other applicable laws and regulations both locally and in foreign jurisdictions, availability and cost of goods from suppliers, fuel prices and other energy costs, interest rate and currency fluctuations, retention of key personnel and changes in general economic, business and political conditions and other factors referenced under the "Risks and Uncertainties" section of our MD&A. These forward-looking statements may be affected by risks and uncertainties in the business of the Company and general market conditions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release reflect the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and BuildDirect assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Reference is made in this press release to the following non-GAAP measures: Adjusted EBITDA and Working Capital. These non-GAAP measures are commonly used by investors and other interested parties to evaluate the Company's financial performance and are employed by the Company to measure its operating and economic performance and to assist in business decision-making. These non-GAAP measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other issuers. These measures are provided as additional information to complement those IFRS measures by providing further understanding of the results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the financial information reported under IFRS. Refer also to appendix tables, "Q1 2025" of this press release as well as our Management's Discussion and Analysis for definitions and reconciliations of non-IFRS measures to the nearest IFRS measures. NON-IFRS MEASURES This announcement refers to certain non-IFRS measures. These measures are not recognized measures under IFRS, and do not have a standardized meaning prescribed by IFRS Accounting Standards and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS Accounting Standards measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS Accounting Standards. We use non-IFRS measures including "EBITDA" and "Adjusted EBITDA". Management uses these non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts, and to determine components of management compensation. As required by Canadian securities laws, we reconcile these non-IFRS measures to the most comparable IFRS Accounting Standards measures in this announcement. See below regarding definitions and reconciliation of these non-IFRS measures to the relevant reported measures. We define EBITDA as net income or loss before interest, income taxes and amortization. Adjusted EBITDA removes fair value adjustment of convertible debt and warrants, fair value adjustment of inventory, restructuring expenses, non-recurring bad debt expense, foreign exchange gains and losses, and share-based compensation items from EBITDA. We are presenting these measures because we believe that our current and potential investors, and many analysts, use them to assess our current and future operating results and to make investment decisions. Management uses these measures in managing the business and making decisions. EBITDA and adjusted EBITDA are not intended as substitutes for IFRS measures. Three months ended Three months endedMarch 31, March 31, 2025 2024Total loss and comprehensive loss $ (885,905 ) $ (589,324 ) Add: Interest Expense, Net342,170 307,760Income Tax Expense119,000 67,500Depreciation and amortization770,538 700,836EBITDA345,803 486,772EBITDA - % (1)2.3% 3.1% Add (deduct): Stock-based compensation34,865 64,180Change in fair value of warrants130,569 (3,039 ) Foreign exchange (gain) loss18,853 (43,683 ) Restructuring costs120,014 - - -Adjusted EBITDA $ 650,104$ 504,230Adjusted EBITDA - % (2)4.3% 3.2% (1) EBITDA % is a ratio of EBITDA divided by Total Revenue(2) Adjusted EBITDA % is a ratio of Adjusted EBITDA divided by Total Revenue Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information:Shawn Wilson, CEOshawnwilson@ BuildDirect Investor Relationsir@ Condensed Consolidated Interim Statements of Financial Position(Unaudited)(Expressed in United States dollars)As at March 31, 2025 As at December 31, 2024 Assets Current assets: Cash and cash equivalents $ 3,490,258 $ 2,347,491 Short-term investments 200,000 445,415 Trade and other receivables (note 4) 3,013,944 3,694,821 Inventories (note 5) 8,980,077 9,619,963 Prepaid materials, expenses, and deposits 871,740 802,978 Total current assets 16,556,019 16,910,668 Non-current assets : Property and equipment (note 6) 687,935 607,699 Intangible assets (note 7) 1,472,529 1,882,891 Right-of-use assets (note 8) 2,231,243 2,562,647 Non-current deposits 434,040 434,040 Goodwill (note 7) 2,530,622 2,530,622 Deferred tax asset 2,824,396 2,824,396 Total non-current assets 10,180,765 10,842,295 Total Assets $ 26,736,784 $ 27,752,963 Liabilities and Shareholders' Equity Current liabilities: Accounts payable and accrued liabilities (note 9) $ 7,191,878 $ 8,500,775 Income taxes payable 809,973 707,584 Current portion of lease (note 10) 975,734 1,154,315 Deferred revenue (note 11) 1,456,273 1,385,993 Debt - current (note 12) 3,602,368 2,449,384 Total current liabilities 14,036,226 14,198,051 Non-current liabilities: Lease liability (note 10) 1,592,304 1,695,228 Debt - non-current (note 12) 8,604,855 8,640,727 Warrants (note 13) 195,037 63,968 Total non-current liabilities 10,392,196 10,399,923 Shareholders' equity: Share capital (note 14) 123,143,637 123,136,971 Share based payment reserve 11,547,807 11,515,195 Deficit (132,383,082) (131,497,177) Total Shareholders' equity 2,308,362 3,154,989 Total Liabilities and Equity $ 26,736,784 $ 27,752,963 Condensed Consolidated Interim Statements of Operations and Comprehensive Loss(Unaudited)(Expressed in United States dollars) For the three months ended March 31 2025 2024 Revenue (note 16)$ 15,088,846 $ 15,589,852 Cost of goods sold (note 5)8,864,174 9,498,901 Gross Profit6,224,672 6,090,951 Operating expenses: Fulfillment costs895,598 997,767 Selling and marketing1,415,059 1,362,557 Administration3,298,776 3,346,772 Depreciation and amortization770,538 700,836 6,379,971 6,407,932 Profit (loss) from operations(155,299) (316,981) Other income (expense): Interest income6,440 22,102 Interest expense(348,610) (329,862) Rental income- 56,195 Fair value adjustment of warrants (note 13)(130,569) 3,039 Restructuring costs (note 20)(120,014) - Foreign exchange gain (loss)(18,853) 43,683 (611,606) (204,843) Loss before income taxes(766,905) (521,824) Income tax (expense) recovery(119,000) (67,500) Total loss and comprehensive loss for the period$ (885,905) $ (589,324) Deficit, beginning of period$ (131,497,177) $ (130,249,647) Deficit, end of period$ (132,383,082) $ (130,838,971) Loss per share: Basic and diluted loss per share (note 21)(0.02) (0.01) Condensed Consolidated Interim Statement of Changes in Equity (Deficiency)(Unaudited)(Expressed in United States dollars) For the three months ended March 31, 2025 and 2024Common Shares Share based payment reserve Deficit TotalNumber Amount Balance - December 31, 2023 41,941,535 $ 123,109,599 $ 11,323,580 $ (130,249,647) $ 4,183,532 Issuance of share capital (note 15) 7,843 3,720 - - 3,720 Loss and comprehensive loss for the period - - - (589,324) (589,324) Share-based payment expense (note 15) - - 64,180 - 64,180 Balance - March 31, 2024 41,949,378 123,113,319 11,387,760 (130,838,971) 3,662,108 Balance - December 31, 2024 42,032,706 $ 123,136,971 $ 11,515,195 $ (131,497,177) $ 3,154,989 Issuance of share capital (note 15) - - - - - Exercise of options 7,417 6,666 (2,253) - 4,413 Loss and comprehensive loss for the period - - - (885,905) (885,905) Share-based payment expense (note 15) - - 34,865 - 34,865 Balance - March 31, 2025 42,032,123 $ 123,143,637 $ 11,547,807 $ (132,383,082) $ 2,308,362 Condensed Consolidated Interim Statement of Cash Flows(Unaudited)(Expressed in United States dollars)For the three months ended March 312025 2024Cash provided by (used in):Operating activities: Loss for the period $ (885,905) $ (589,324) Add (deduct) items not affecting cash: Depreciation 763,042 700,836 Income tax expense 119,000 67,500 Stock-based compensation expense 34,865 64,180 Other interest and finance cost 269,487 295,175 Interest paid on leases 40,556 34,687 Interest earned on lease receivables - (22,102) Fair value adjustment on warrants 131,069 (3,039) Unrealized foreign exchange (515) (39,794) Change in non-cash working capital (note 17) 312,716 664,774 Income taxes paid (16,611) (1,000) Total operating activities 767,704 1,171,893Investing activities: Purchase of property and equipment (101,014) (29,329) Principal received on lease receivables - 70,551 Total investing activities (101,014) 41,222Financing activities: Proceeds from exercise of options 4,413 3,720 Deferred financing costs (72,939) - Interest paid (53,917) (99,766) Principal lease payments (322,060) (347,479) Promissory note repayment (311,250) (311,250) Deferred consideration repayment - (675,000) Loan advances 1,233,123 - Loan repayments (1,293) (239,581) Total financing activities 476,077 (1,669,356) Increase/(decrease) in cash and cash equivalents 1,142,767 (456,241) Cash and cash equivalents, beginning 2,347,491 2,601,893 Cash and cash equivalents, end $ 3,490,258 $ 2,145,652 To view the source version of this press release, please visit
Yahoo
28-05-2025
- Business
- Yahoo
Lyra Growth Partners Inc. Announces Sale of Common Shares of BuildDirect.com Technologies Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Lyra Growth Partners Inc. ("Lyra") announces that, on May 28, 2025, Lyra completed the private sale of an aggregate of 1,798,000 common shares (the "Common Shares") of Technologies Inc. ("BuildDirect") to four purchaser parties who are senior members of BuildDirect's management team and its operating subsidiaries for a purchase price of Cdn$0.43 per Common Share and a total purchase price of Cdn$773,140 (the "Disposition"). Immediately prior to the completion of the Disposition, Lyra owned a total of 8,686,557 Common Shares and 69,744 common share purchase warrants of BuildDirect (the "Warrants"). Immediately following the completion of the Disposition, Lyra owns a total of 6,888,557 Common Shares, representing approximately 16.4% of the issued and outstanding Common Shares on a non-diluted basis, and assuming exercise in full of the Warrants, Lyra would own a total of 6,958,301 Common Shares, representing approximately 16.5% of the issued and outstanding Common Shares on a partially-diluted basis. All of the securities held by Lyra in BuildDirect, including the Common Shares and the Warrants, are being held for investment purposes. Lyra may in the future take such actions in respect of its securityholdings in BuildDirect as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of BuildDirect through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving BuildDirect, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Lyra may continue to hold its current positions. A copy of the early warning report relating to the Common Shares will be available under BuildDirect's profile on SEDAR+ at and may also be obtained by contacting Lyra Growth Partners Inc. at 604-354-3327. Lyra's head office is located at 2150 - 1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9, Canada. To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
15-05-2025
- Business
- Globe and Mail
BuildDirect.com Technologies Inc. First Quarter 2025 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that the Company will report its first quarter 2025 financial results before the market open on Thursday, May 29, 2025. Management will host a conference call and webcast to discuss the Company's financial results at 10:30 AM (PDT) / 1:30 PM (EDT) on Friday, May 30, 2025. BuildDirect First Quarter 2025 Financial Results Conference Call Date: Friday, May 30, 2025 Time: 10:30 AM (PDT) / 1:30 PM (EDT) Live Webinar: The Company will host a Q&A session during the webinar. The replay will be available approximately 24 hours after the completion of the live webinar on the Investor Relations section of BuildDirect's website at About BuildDirect: BuildDirect (TSXV: BILD) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect's growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit
Yahoo
15-05-2025
- Business
- Yahoo
BuildDirect.com Technologies Inc. First Quarter 2025 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that the Company will report its first quarter 2025 financial results before the market open on Thursday, May 29, 2025. Management will host a conference call and webcast to discuss the Company's financial results at 10:30 AM (PDT) / 1:30 PM (EDT) on Friday, May 30, 2025. BuildDirect First Quarter 2025 Financial Results Conference Call Date: Friday, May 30, 2025Time: 10:30 AM (PDT) / 1:30 PM (EDT)Live Webinar: The Company will host a Q&A session during the webinar. The replay will be available approximately 24 hours after the completion of the live webinar on the Investor Relations section of BuildDirect's website at About BuildDirect: BuildDirect (TSXV: BILD) is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations, and homeowners with quality building materials and services through its robust global supply chain network. BuildDirect's growth trajectory, strong product offering, and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry. For more information, visit For further information: BuildDirect Investor Relationsir@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
