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Thrive Tribe Technologies Limited (ASX:1TT)

ALERT: Price-sensitive ASX Announcement for 1TT
Current share price for 1TT : $0.002 -0.001 (-33.33%)+
Announcement
Release
31 Oct 2025 3:05PM
Price at Release
$0.003
Full Release
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Summary
Thrive Tribe Technologies Limited's Quarterly Activities Report and Appendix 4C for the quarter ended 30 September 2025, highlight the company's strategic initiatives and financial performance. The company reported a net cash outflow from operating activities of $451,000, largely due to administration and staff costs. Financing activities provided a net inflow of $900,000, leading to an increased cash position from $140,000 to $589,000 by the end of the quarter. Key operational updates include the development of Thrive Tribe Home Base, a physical hub to enhance community and client engagement, and the continuation of the multi-brand growth strategy. The company also focused on expanding its service delivery capabilities through MyTribe and strengthening its influencer partnerships. Thrive Tribe anticipates maintaining its operations through cost-saving measures and potential funding opportunities, including the sale of its Slik investment.
Key Points
  • Recorded net operating cash outflows of $451,000.
  • Financing activities contributed a net inflow of $900,000.
  • Cash position increased to $589,000 by the end of the quarter.
  • Development of Thrive Tribe Home Base to enhance client engagement.
  • Focus on expanding MyTribe's service delivery capabilities.
  • Anticipates maintaining operations through cost-saving measures and potential funding.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.