One2tribe S.A., a technology company and leader in advanced solutions for employee engagement, reported a significant improvement in its consolidated financial results for the third quarter of 2024. The company’s consolidated revenues were 3.4 million PLN, increasing its consolidated EBITDA by over 150% to 670,000 PLN. The company also achieved a positive net result of 80,000 PLN. One2tribe also reported on the completion of several strategic pilot projects and its entry into a new market (the micro-influencer market) in its report.
In the third quarter, One2tribe S.A. completed the merger process with a subsidiary, One2tribe Labs Sp. z o.o. This acquisition allowed One2tribe to streamline the management of the rights to its key technology. Importantly, this transaction reduces the company’s current and future operating costs.
“This has been a pivotal quarter in One2tribe’s history on the NewConnect market. Streamlining internal processes and acquiring One2tribe Labs has allowed us to present a positive consolidated financial result for the first time. The crucial factor for a technology company is the 150% EBITDA growth, which confirms the validity of our development strategy. We also continuously work towards further improving our business. A growing number of major organizations are interested in our services, and many negotiation processes are advanced, which should lead to further improvement in financial performance,” commented Radosław Sosnowski, CEO of One2tribe S.A.
In the third quarter, One2tribe’s consolidated revenues amounted to 3.4 million PLN, representing an increase of nearly 17% compared to the same period last year. The consolidated results significantly improved. EBITDA grew by over 150%, reaching 670,000 PLN, and the net profit was nearly 80,000 PLN, compared to a loss of 430,000 PLN in the previous year.
In October, One2tribe successfully completed strategic pilot actions for a company in the fuel industry. The company’s technology was tested on a representative group of employees and led to an increase in the retail sales of selected products at service stations.
During the autumn business breakfast, dozens of company representatives, including from the retail industry, got a chance to learn about the results of one of the projects being implemented by One2tribe.
Just this year, One2tribe has signed agreements with Orange and L’Oréal Polska (the total value of the initial orders exceeds 1.8 million PLN). Additionally, thanks to cooperation with the new beauty industry market, One2tribe has significantly expanded its platform user group to include a new group – micro-influencers.
“The offered Tribeware Platform from One2tribe is an AI-enhanced app which helps managers and employees in achieving specific goals step by step, utilising complex, adaptive scenarios and appropriately selected tasks. The technology promotes collaboration instead of competition, leveraging elements of gamification, with rewards given not only for achieving results but primarily for progression and knowledge acquisition (e-learning). As a result, the employer achieves the desired results thanks to employee engagement. Users of Tribeware, in return for achieving goals, get rewarded with virtual currency, which they can exchange for products available in the platform’s shop or for prepaid cards,” commented Wojciech Ozimek, Deputy CEO of One2tribe S.A.
Source: https://managerplus.pl/grupa-one2tribe-s-a-w-trzecim-kwartale-zwieksza-ebitda-o-ponad-150-proc-44805
