Tecnotree Oyj

Tecnotree Corporation announced a new agreement with a Tier 1 operator in the United States through an existing system integrator partner. The contract, valued at less than 10% of the previous year's revenue, is significant for the globalization of Tecnotree's products and services. It involves the delivery of various Digital Business Support Systems (BSS) products. Tecnotree's current financial guidance remains unchanged. The company will release its Q4 2024 and full-year 2024 financial results on February 26, 2025. Tecnotree is a global IT solutions provider for Communications Service Providers and is listed on Nasdaq Helsinki.

Tecnotree Corporation announced its schedule for financial reports in 2025. The company will release summary versions of its 1-3/2025 and 1-9/2025 financial reports, including interim balance sheets and period events. Tecnotree will observe a 30-day quiet period before releasing these reports, during which it will not discuss its financial status or business developments with capital markets or media representatives. Financial information will be available in English and Finnish on Tecnotree's website. The 2024 annual report is set to be published during the 11th week of 2025. The Annual General Meeting is planned for April 7, 2025. Tecnotree is a global IT solutions provider for Communications Service Providers and is listed on Nasdaq Helsinki.

Tecnotree Corporation reported an 11% increase in revenue and a 28% rise in EBIT on a constant currency basis for the first three quarters of 2024. The company achieved free cash flow for the second consecutive quarter and implemented a reverse stock split. Revenue for Q3 2024 was EUR 19.0 million, with a focus on improving profitability and cash flow through growth in European and North American markets. The order backlog increased modestly to EUR 75.1 million. Operating expenses were reduced by 10% in Q3 2024, aligning with the company's cost-saving targets. Tecnotree's net profit for Q3 2024 was EUR 4.1 million, and collections improved, reducing accounts receivable by 7.8%. The company continues to focus on building its order book in North America and Europe and maintaining positive free cash flow. Tecnotree has been recognized by industry analysts for its enterprise monetization capabilities and digital platform offerings.

Tecnotree Corporation announced that its Board of Directors, under the authorization granted by the Annual General Meeting on April 15, 2024, has passed resolutions regarding the payment of dividends on September 16, 2024. Tecnotree is a digital Business Support System (BSS) provider with 5G readiness, AI/ML capabilities, and multi-cloud extensibility. The company is ranked No.1 on the TM Forum Open API Conformance table with 59 Open APIs. Tecnotree offers a comprehensive Digital BSS Stack for telecom and digital services industries, and its Tecnotree Moments platform provides a digital marketplace for various sectors. Tecnotree is listed on Helsinki Nasdaq (TEM1V). For more information, visit www.tecnotree.com or their social media channels. Further details can be obtained from CFO Indiresh Vivekananda at +971 56 410 8357.

On 13 September 2024, Tecnotree Corporation announced a directed share issue decided by its Board of Directors on 13 June 2024. This share issue, aimed at recruitment, retention, and incentive, resulted in the issuance of 7,760 shares to Tecnotree employees and key persons without consideration. The decision was based on authorization from the Annual General Meeting of Shareholders on 15 April 2024. Following this, Tecnotree holds 1,092,467 treasury shares. Tecnotree is a 5G-ready digital Business Support System provider with AI/ML capabilities, known for its multi-cloud extensibility and leadership in the TM Forum Open API Conformance table. The company offers a comprehensive Digital BSS Stack and provides Fintech and B2B2X digital marketplace services through its Tecnotree Moments platform. Tecnotree is listed on Helsinki Nasdaq. For more information, visit their website or social media channels.