Tiny Ltd. (OTCQX: TNYZF, TSXV: TINY), a technology holding company focused on acquiring majority stakes in businesses, has shared significant updates regarding its corporate strategy and operational performance as of January 27, 2025.
In a strategic move to bolster its governance, Tiny has appointed Alex Conconi to its Board of Directors. Conconi, a seasoned entrepreneur and investor, is the founder of Conconi Growth Partners and has a proven history of nurturing startups across North America. His previous ventures include Neighbourhood Holdings and Lendesk Technologies, both of which have made notable impacts in the mortgage sector. Conconi’s extensive experience in identifying value and fostering business growth is expected to provide meaningful insights for Tiny’s shareholders.
Andrew Wilkinson, Chair of the Board, expressed enthusiasm about Conconi’s appointment, stating, “We’re delighted to welcome Alex to our board. He brings exactly what we look for, a track record of spotting value and building great businesses.”
Tiny’s subsidiaries have achieved significant advancements across various sectors. Metalab has enhanced its artificial intelligence capabilities by partnering with Suno to develop a mobile app for AI-driven music generation, allowing users to create music effortlessly. Meanwhile, Dribbble has introduced a new Services and Projects feature that facilitates direct communication between designers and clients, streamlining project requests and enhancing collaboration opportunities for creative professionals. The KnoCommerce platform also showcased impressive performance during the Black Friday/Cyber Monday shopping period, handling over 15 million customer inquiries and providing brands with crucial attribution insights. Additionally, Letterboxd, a social network for film enthusiasts, has seen remarkable growth, surpassing 17 million members, a 74% increase since its acquisition in September 2023. These developments underscore Tiny’s commitment to innovation and enhancing user engagement across its platforms.
On the financial front, Tiny has executed a management buyout of two operating companies under its Beam segment, 8020 Design Ltd. and Frosty Studio Ltd. While these sales will impact consolidated revenue in the short term, they align with Tiny’s strategy to enhance profitability metrics by utilizing proceeds from these transactions to reduce debt.
The company has prioritized balance sheet management, voluntarily repaying $4.54 million in principal during Q4 2024. Cumulatively, Tiny reduced its debt by $9.34 million over the last two quarters. CEO Jordan Taub highlighted the importance of this strategy: “Reducing our debt load remains a top priority as we work to strengthen our financial foundation and enhance shareholder value.”
Additionally, Tiny Fund I successfully completed the sale of MediMap Systems Inc., which is not expected to materially affect its carrying value.
Tiny Ltd. adopts a founder-friendly approach to business acquisitions, prioritizing valuation, recurring revenues, and free cash flow potential. The company aims for long-term ownership of its businesses while focusing on capital allocation and collaborative management practices that drive results for both Tiny and its shareholders.
Tiny operates through three primary segments: Digital Services – supporting top global companies in product development; Software and Apps – housing leading applications within the Shopify ecosystem; and Creative Platform – comprising Dribbble and Creative Market, which serve designers and digital creatives worldwide.
As Tiny continues to evolve its portfolio and refine its operational strategies, it remains committed to delivering value to its stakeholders while navigating the dynamic landscape of technology investments.
