BuildDirect Reports Third Quarter 2023 Financial Results
Delivered adjusted EBITDA of $1.37 million for Q3 2023; the Company has delivered seven consecutive quarters of positive adjusted EBITDA.Delivered gross margins of 39.8% for Q3 2023, an increase of 840 bps year-over-year and 10 bps quarter-over-quarter.Working capital increased by $7.1 million quarter-over-quarter to a positive $2.6 million in Q3 2023. Company to host Third Quarter 2023 earnings conference call on Tuesday, November 21, 2023, at 10:00 AM (PST) / 1:00 PM (EST).BuildDirect...
2023-11-21 8:00 AM EST
BuildDirect.com Technologies Inc. Third Quarter 2023 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that the Company will report its third quarter 2023 financial results before the market open on Tuesday, November 21, 2023. Management will host a conference call and webcast to discuss the Company's financial results at 10:00 AM (PST) / 1:00 PM (EST) on the same day.BuildDirect...
2023-11-08 8:00 AM EST
BuildDirect Announces Launch of Sixth Pro Center in North America
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, is pleased to announce the launch of its sixth brick-and-mortar Pro Center, via an existing Company facility in Richmond, British Columbia, which aims to service flooring professionals in the Greater Vancouver market as well as the Seattle and Spokane markets in the state of Washington. The Richmond...
2023-10-19 8:00 AM EDT
BuildDirect Launches New Pro-Focused Service Offerings
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company has launched new service offerings that are designed for 'Pro' customers.BuildDirect now offers Pro customers a platform to help build their business which includes customized e-commerce sites, white-label branded flooring products, free flooring samples, and...
2023-10-05 8:00 AM EDT
BuildDirect Announces Amendments to 2018 and 2022 Secured Notes
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, announces the amendment of secured notes issued by BuildDirect Operations Limited, a wholly owned subsidiary of the Company ("BuildDirect Operations") to: (a) Deans Knight Capital Management Ltd. in its capacity as portfolio manager on behalf and for the benefit of two fully managed accounts...
2023-09-28 8:00 AM EDT
BuildDirect Completes E-Commerce Platform Migration and Enhancements
BuildDirect's front and backend systems for its e-commerce businessVancouver, British Columbia--(Newsfile Corp. - September 7, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, is pleased to announce that the Company has completed its e-commerce platform migration and enhancements.As previously announced, BuildDirect has focused on streamlining its operations and supporting systems to improve efficiency...
2023-09-07 8:00 AM EDT
BuildDirect Reports Second Quarter 2023 Financial Results
Delivered adjusted EBITDA of $1.06 million for Q2 2023; the Company has delivered six consecutive quarters of positive adjusted EBITDA.Delivered gross margins of 39.7% for Q2 2023, an increase of 470 bps year-over-year and 50 bps quarter-over-quarter.Pro revenue reaches $17.4 million for Q2 2023, which represents 88.8% of the Company's total revenue during the second quarter of 2023, an increase of 6.3% year-over-year.Company to host Second Quarter 2023 earnings conference call on Tuesday,...
2023-08-29 8:00 AM EDT
BuildDirect.com Technologies Inc. Second Quarter 2023 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that the Company will report its second quarter 2023 financial results before the market open on Tuesday, August 29, 2023. Management will host a conference call and webcast to discuss the Company's financial results at 10:00 AM (PDT) / 1:00 PM (EDT) on the same day.BuildDirect Second...
2023-08-01 8:00 AM EDT
BuildDirect Completes Insourcing of Warehouse Operations in Northeastern United States
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce that the Company completed a project to consolidate BuildDirect's third-party warehouse operations in the Northeastern United States and will now insource those operations through a wholly-owned location in Michigan.This initiative aims to continue to unlock inventory synergies...
2023-06-14 7:00 AM EDT
BuildDirect Announces Results of Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building materials retailer, today announced that all of the resolutions were duly passed at the Company's Annual General and Special Meeting of shareholders held virtually on June 8, 2023.About BuildDirectBuildDirect (TSXV: BILD) is a growing omnichannel building material retailer. BuildDirect connects North American home...
2023-06-09 7:00 AM EDT
BuildDirect Announces Grants of Stock Options and Deferred Share Units
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer, today announced that it has granted an aggregate of 2,850,000 stock options to 5 officers and 9 employee of the Company and its subsidiaries in accordance with the Company's Omnibus Equity Incentive Plan (the "Plan"). These stock options will vest in stages over an approximately 3 ½ year period, are...
2023-05-23 7:00 AM EDT
BuildDirect Reports First Quarter 2023 Financial Results
Delivered adjusted EBITDA of $1.04 million for Q1 2023, the highest level achieved in one quarter as a public company.Delivered gross margins of 39.2% for Q1 2023, an increase of 340 bps year-over-year and 280 bps quarter-over-quarter.Pro revenue as a percentage of total revenue was 86.1% for Q1 2023, an increase of 9.6% year-over-year.Company to host First Quarter 2023 earnings conference call on Wednesday, May 17, 2023, at 10:00 AM (PST) / 1:00 PM (EST).BuildDirect reports in US dollars and...
2023-05-17 7:00 AM EDT
BuildDirect.com Technologies Inc. First Quarter 2023 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that the Company will report its first quarter 2023 financial results before the market open on Wednesday, May 17, 2023. Management will host a conference call and webcast to discuss the Company's financial results at 10:00 AM (PST) / 1:00 PM (EST) on the same day.BuildDirect First...
2023-05-10 7:00 AM EDT
VLCTY Capital Inc. Completes Initial Public Offering & Common Shares To Commence Trading
Toronto, Ontario--(Newsfile Corp. - October 28, 2020) - VLCTY Capital Inc. (TSXV: VLCY.P) (the "Corporation") is pleased to announce that it has successfully completed its initial public offering of 3,000,000 common shares (the "Common Shares") at $0.10 per share for gross proceeds of $300,000 (the "Offering"). As a result of this issuance, the Corporation has 6,000,000 Common Shares issued and outstanding, of which 3,000,000 Common Shares are subject to escrow restrictions as disclosed in...
2020-10-28 6:40 PM EDT