- BuildDirect (TSXV:BILD), an omnichannel building materials retailer, signed an up to US$2 million supply agreement with a North American-based customer in sports, entertainment and recreation
- The retailer reached profitability in Q4 2024, generating US$243,000 in net income
- BuildDirect.com Technologies is a growth-oriented building materials retailer serving professional contractors and trades
- BuildDirect stock has added over 650 per cent since its all-time-low in 2023
BuildDirect (TSXV:BILD), an omnichannel building materials retailer, signed an up to US$2 million supply agreement with a North American-based customer in sports, entertainment and recreation.
The deal – BuildDirect’s first in the sector – will see the company provide flooring products for numerous active facilities across the United States. It expects deliveries to begin in Q2 2025 and run into 2026.
The company has consistently reduced net losses from US$10.33 million in 2021 to US$1.25 million in 2024, closing out the year with a profitable Q4 to the tune of US$243,000 in net income.
Leadership insights
“This agreement highlights BuildDirect’s continued efforts to grow its commercial segment and its ability to support specialized flooring requirements,” Shawn Wilson, BuildDirect Technologies’ chief executive officer, said in a statement. “We are pleased to work with a recognized brand in the entertainment sector and contribute to the functionality and safety of their venues. With a strong foundation in commercial supply chain execution, we’re well-positioned to meet the logistical demands of high-volume environments.”
“This partnership supports our broader growth strategy,” Wilson added, “and reflects our ability to service large commercial clients with tailored solutions.”
About BuildDirect Technologies
BuildDirect is a growth-oriented building materials retailer serving professional contractors and trades.
BuildDirect stock (TSXV:BILD) opened unchanged trading at C$1.40. The stock has added over 650 per cent since its all-time-low in 2023.
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