BuildDirect Announces Results of Annual Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building materials retailer, announced the results of its annual general and special meeting held on June 20, 2025. All resolutions presented to the shareholders were approved with over 77% of votes cast being in favour of each resolution. A total of 32,386,790 common shares were voted representing 77.04% of the issued and outstanding common shares. As...
2025-06-23 2:46 PM EDT
BuildDirect Retains Market-Making Services
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, today announced that the Company, subject to regulatory approval, retained Venture Liquidity Providers Inc. ("VLP") to execute its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the Company. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the...
2025-06-11 7:09 PM EDT
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...
2025-05-29 8:00 AM EDT
BuildDirect.com Technologies Inc. First Quarter 2025 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - 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 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 CallDate:...
2025-05-15 8:00 AM EDT
BuildDirect Announces Completion of Secured Loan and Management Loans and Provides Preliminary Unaudited Financial Results for the First Quarter of 2025
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, is pleased to report that, further to its press release on May 1, 2025, it has closed the previously announced secured loan (the "2025 Loan") with Lyra Growth Partners Inc. (the "Lender"), as well as the loans (the "Management Loans") with senior members of the Company's management team and its operating subsidiaries. The net proceeds...
2025-05-09 5:34 PM EDT
BuildDirect Announces Intention to Enter Into Secured Loan and Loans to Management
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, announces its intention to close a secured loan (the "2025 Loan") with Lyra Growth Partners Inc. (the "Lender") together with loans (the "Management Loans") with senior members of management of the Company and its operating subsidiaries (the "Borrowers"). The sole purpose of the Management Loans is to enable the senior management Borrowers to purchase additional issued...
2025-05-01 8:00 AM EDT
BuildDirect Enters into Supply Agreement Valued at Up to US$2 Million with Leading North American Sports and Entertainment Group
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that it has entered into a supply agreement with a North American-based customer in the sports, entertainment, and recreation sector. The agreement, valued at approximately up to US$2 million, involves the provision of high-performance flooring products for use across the customer's active-use facilities."This agreement highlights BuildDirect's continued efforts to grow its commercial segment and...
2025-04-23 8:00 AM EDT
BuildDirect Reports Fourth Quarter and Year Ended December 31, 2024 Financial Results
Delivered $2.2 million in adjusted EBITDA in Fiscal 2024, extending the Company's track record to 12 straight quarters of positive performance.Delivered gross margin of 38.7% in Fiscal 2024, an increase of 18 bps year-over-year.Total operating expenses in Fiscal 2024 decreased by $2.3 million to $26.3 million, or 8.0% year-over-year, driven by disciplined cost control and operational efficiencies.Working capital decreased by $0.1 million to $2.7 million at December 31, 2024 from $2.8 million at December 31, 2023.Secured a total capacity of...
2025-04-17 8:00 AM EDT
BuildDirect.com Technologies Inc. Fourth Quarter and Full Year 2024 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, today announced that the Company will report its fourth quarter and full year 2024 financial results before the market open on Thursday, April 17, 2025. Management will host a conference call and webcast to discuss the Company's financial results at 1:30 PM (PDT) / 4:30 PM (EDT) on the same day.BuildDirect Fourth Quarter and Full Year...
2025-04-11 8:00 AM EDT
BuildDirect Acquires Anchor and Yorkshore Flooring Assets to Accelerate Florida Expansion and Pro Center Growth
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building materials retailer, is pleased to announce that it has acquired substantially all of the operational assets of Anchor Flooring and Supply Company LLC ("Anchor") and Yorkshore Sales and Marketing Inc. ("Yorkshore"), well-established flooring distributors based in Orlando, Florida for US$593,000. Anchor and Yorkshore are entities held by common ownership.This acquisition marks a strategic step forward in...
2025-03-27 8:00 AM EDT
BuildDirect Streamlines Platform Operations, Unlocking US$900,000 in Annualized Savings
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer, is pleased to announce the implementation of a new operational streamlining strategy aimed at enhancing business efficiency and improving profitability. This initiative is expected to generate approximately US$600,000 in savings in 2025, with an annualized impact of US$900,000.As part of its ongoing commitment to financial discipline and sustainable growth, BuildDirect has taken steps to consolidate certain...
2025-03-06 8:30 AM EST
BuildDirect Technologies Announces the Opening of New Pro Center in California
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer, is pleased to announce the transition from a third-party inventory and logistics provider in California into its newest BuildDirect Pro Center. This strategic move represents BuildDirect's continued execution of its mission to expand its footprint and deliver enhanced value to its professional contractor and business-to-business (B2B) customers.
2025-03-04 8:30 AM EST
BuildDirect.com Technologies Inc. Provides Preliminary Unaudited Results for the Fourth Quarter of 2024
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce preliminary unaudited financial results for the Company's three-months ended December 31, 2024 ("Q4 2024"), ahead of its audited Q4 2024 and full year 2024 earnings release anticipated in April 2025.Preliminary Unaudited Q4 2024 Financial Highlights are as follows: Revenue for Q4 2024 is expected to be in the range of $16.0 million...
2025-01-28 7:30 AM EST
BuildDirect Secures C$9.526 million Revolving Credit Facilities from Royal Bank of Canada
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer is pleased to announce that the Company and BuildDirect Operations Limited ("BuildDirect Operations"), a wholly-owned subsidiary of the Company, have entered into revolving demand credit facility agreements dated December 20, 2024 (the "Credit Agreements") with the Royal Bank of Canada ("RBC").Pursuant to the Credit Agreements, RBC will make available to the Company and BuildDirect Operations revolving...
2024-12-23 7:29 PM EST
BuildDirect Announces Engagement of Market Making Services Provider
All references to dollars herein are in Canadian dollars ($) unless otherwise specified.Vancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer, announces that it has retained Ventum Financial Corp. ("Ventum") to provide market making services to maintain orderly trading in the Company's securities. Ventum has been engaged for an initial period expiring on October 1, 2025, which may be extended by mutual agreement, and will be...
2024-12-06 8:00 AM EST
BuildDirect Reports Third Quarter 2024 Financial Results
Delivered adjusted EBITDA of $0.8 million for Q3 2024; the Company has delivered 11 consecutive quarters of positive adjusted EBITDA.Delivered revenue and gross profit of $17 million and $6.5 million or 38.3 %, respectively, in Q3 2024, an increase in revenue and gross profit of 4.9% and $0.3 million or 10 bps, respectively, sequentially quarter-over-quarter as compared to Q2 2024.Company's revenue, gross profit and adjusted EBITDA continue to increase sequentially quarter-over-quarter since January 1, 2024, following BuildDirect's implementation of its...
2024-11-26 7:00 AM EST
BuildDirect.com Technologies Inc. Third Quarter 2024 Conference Call
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2024) - 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 2024 financial results before the market open on Tuesday, November 26, 2024. Management will host a conference call and webcast to discuss the Company's financial results at 1:30 PM (PST) / 4:30 PM (EST) on the same day.BuildDirect Third Quarter 2024 Financial Results Conference CallDate: Tuesday,...
2024-11-19 8:30 AM EST
BuildDirect Announces Secured Debt Financing for US $700,000
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company") a leading omnichannel building material retailer, announces the closing of a secured debt financing pursuant to which it issued, via its wholly owned subsidiary BuildDirect Operations Limited ("BuildDirect Operations"), secured notes to Pelecanus Investments Ltd. ("Pelecanus"), Lyra Growth Partners Inc. ("Lyra") and Beedie Investments Ltd. ("Beedie" and, together with Pelecanus and Lyra, the "Lenders") in an aggregated amount of US $700,000 (the "2024...
2024-11-04 8:00 AM EST
BuildDirect Announces Grants of Stock Options and Engagement of Investor Relations Services Provider
All references to dollars herein are in Canadian dollars ($) unless otherwise specified.Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer, today announced that it has granted an aggregate of 150,000 stock options to one employee and one consultant 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 a 4-year...
2024-10-08 9:16 PM EDT
BuildDirect Announces Grants of Stock Options and Deferred Share Units
All references to dollars herein are in Canadian dollars ($) unless otherwise specified.Vancouver, British Columbia--(Newsfile Corp. - September 6, 2024) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or "Company"), a leading omnichannel building material retailer, today announced that it has granted an aggregate of 650,000 stock options to 1 officer and 5 employees 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 a 4-year...
2024-09-06 6:30 AM EDT