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Complete financial analysis of Innovative Payment Solutions, Inc. (IPSI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Innovative Payment Solutions, Inc., a leading company in the Information Technology Services industry within the Technology sector.
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Innovative Payment Solutions, Inc. (IPSI)
About Innovative Payment Solutions, Inc.
Innovative Payment Solutions, Inc., together with its subsidiaries, provides digital payment solutions and services primarily in Mexico. It develops and operates e-wallets that enable consumers to deposit cash, convert it into a digital form, and remit the funds to merchant in its network. The company was formerly known as QPAGOS and changed its name to Innovative Payment Solutions, Inc. in November 2019. Innovative Payment Solutions, Inc. was incorporated in 2013 and is based in Carmel-by-the-Sea, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 410.00 | 847.00 | 0.00 | 0.00 | 11.48M | 7.94M | 3.94M | 2.69M | 1.13M | 137.25K | 0.00 |
| Cost of Revenue | 3.55K | 5.05K | 35.79K | 47.32K | 0.00 | 7.87M | 3.91M | 2.60M | 1.16M | 135.60K | 0.00 |
| Gross Profit | -3.14K | -4.21K | -35.79K | -47.32K | 11.48M | 68.72K | 27.32K | 96.88K | -27.79K | 1.65K | 0.00 |
| Gross Profit Ratio | -765.12% | -496.46% | 0.00% | 0.00% | 100.00% | 0.87% | 0.69% | 3.60% | -2.46% | 1.20% | 0.00% |
| Research & Development | 0.00 | 100.91K | 0.00 | 0.00 | 0.00 | 150.00K | 80.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.58M | 5.54M | 10.28M | 1.74M | 807.93K | 2.53M | 2.20M | 4.31M | 2.78M | 1.26M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.22M | 0.00 |
| SG&A | 3.58M | 5.54M | 10.28M | 1.74M | 807.93K | 2.53M | 2.20M | 4.31M | 2.78M | 42.38K | 0.00 |
| Other Expenses | 0.00 | 132.39K | 17.94K | 12.50K | 130.00K | -3.73M | -166.43K | 68.08K | 32.35K | 42.38K | 0.00 |
| Operating Expenses | 3.96M | 5.67M | 10.30M | 1.75M | 937.93K | 2.57M | 2.27M | 4.38M | 2.81M | 42.38K | 0.00 |
| Cost & Expenses | 3.96M | 5.68M | 10.30M | 1.75M | 937.93K | 10.44M | 6.18M | 6.98M | 3.97M | 42.38K | 0.00 |
| Interest Income | 0.00 | 462.99K | 3.88M | 1.45M | 2.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.19M | 462.99K | 3.88M | 1.49M | 2.06M | 3.06M | 2.07M | 54.61K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 727.93K | 233.30K | 35.79K | 47.32K | 57.18K | 100.18K | 108.83K | 105.32K | 67.85K | 32.19K | 0.00 |
| EBITDA | -2.98M | -9.55M | -10.58M | -4.19M | -2.01M | -688.32K | -2.45M | -4.57M | -2.78M | -42.38K | 0.00 |
| EBITDA Ratio | -725,709.51% | -1,198,086.54% | 0.00% | 0.00% | -8.17% | -77.34% | -59.25% | -140.60% | -204.46% | -30.88% | 0.00% |
| Operating Income | -3.96M | -5.68M | -10.30M | -1.75M | -807.93K | -2.51M | -2.24M | -4.28M | -2.84M | -42.38K | 0.00 |
| Operating Income Ratio | -965,883.66% | -670,304.37% | 0.00% | 0.00% | -7.04% | -31.57% | -56.86% | -159.12% | -251.85% | -30.88% | 0.00% |
| Total Other Income/Expenses | -937.71K | -4.65M | -4.19M | -3.69M | -3.24M | -2.68M | -2.39M | -447.75K | -468.96K | -1.65K | 0.00 |
| Income Before Tax | -4.90M | -10.33M | -14.49M | -5.44M | -4.05M | -5.07M | -4.63M | -4.73M | -3.31M | -42.38K | 0.00 |
| Income Before Tax Ratio | -1,194,592.68% | -1,219,766.71% | 0.00% | 0.00% | -35.26% | -63.86% | -117.50% | -175.75% | -293.43% | -30.88% | 0.00% |
| Income Tax Expense | 403.28K | -455.02K | 3.87M | 1.39M | 1.87M | -4.23M | 158.06K | 895.50K | 937.92K | -228.02K | 0.00 |
| Net Income | -5.84M | -9.88M | -18.36M | -6.84M | -5.92M | -5.07M | -4.63M | -4.73M | -3.31M | -42.38K | 0.00 |
| Net Income Ratio | -1,423,356.10% | -1,166,045.57% | 0.00% | 0.00% | -51.57% | -63.86% | -117.50% | -175.75% | -293.43% | -30.88% | 0.00% |
| EPS | -0.45 | -0.80 | -1.65 | -1.20 | -6.09 | -19.42 | -24.96 | -26.92 | -38.64 | -0.01 | 0.00 |
| EPS Diluted | -0.45 | -0.80 | -1.65 | -1.20 | -6.09 | -19.42 | -24.96 | -26.92 | -38.64 | -0.01 | 0.00 |
| Weighted Avg Shares Out | 12.84M | 12.41M | 11.14M | 5.71M | 972.37K | 261.00K | 185.51K | 175.76K | 85.66K | 0.00 | 500.00K |
| Weighted Avg Shares Out (Dil) | 12.84M | 12.41M | 11.14M | 5.71M | 972.37K | 261.00K | 185.51K | 175.76K | 85.66K | 0.00 | 500.00K |
Innovative Payment Solutions CEO William Corbett Issues Letter to Shareholders
CARMEL, Calif., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative,” “IPSI” or the “Company”), a California-based fintech company focused on building a 21st century universal digital payment platform, IPSIPay, issues a letter to shareholders from...
Innovative Payment Solutions, Inc. Announces Participation at the H.C. Wainwright 23rd Annual Global Investment Conference September 13-15, 2021 (Virtual Conference)
CARMEL, Calif., Sept. 12, 2021 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc (OTCQB:IPSI) (“Innovative” or the “Company”), today announced it will be featured as a presenting company at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference.
Innovative Payment Solutions to Present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference
CARMEL, CA, Sept. 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a California-based fintech company focused on building a 21st century universal digital payment platform, IPSIPay, announces today that Chief...
Innovative Payment Solutions Amends Preliminary Proxy Statement for Annual Meeting of Stockholders
Revised Proposed Reverse Stock Split Proposed to Ratio of One for a Range of 2 to 30 Shares
Innovative Payment Solutions, Inc. Appoints Richard Rosenblum as President and Chief Financial Officer
CARMEL, CA, July 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a California-based fintech company focused on building a 21st century universal digital payment platform, IPSIPay, today announced the appointment...
Innovative Payment Solutions, Inc. Acquires 10% Stake in Boston based Start-Up Frictionless Financial Technologies, Inc.
NORTHRIDGE, CA, June 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st-century universal digital payment platform, IPSIPay™, today announced the...
Innovative Payment Solutions, Inc. Updates The Stock Day Podcast on Its Digital Payment Solutions Platform
Phoenix, Arizona--(Newsfile Corp. - June 22, 2021) - The Stock Day Podcast welcomed Innovative Payment Solutions, Inc. (OTCQB: IPSI) ("the Company"), a company that strives to offer cutting edge digital payment solutions for consumers and service providers. CEO of the...
Innovative Payment Solutions, Inc. Announces Appointment of Jonathan Severn to Lead the Company's Prepaid Card Division
NORTHRIDGE, CA, May 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century universal digital payment platform, IPSIPay™, today announced the appointment...
Innovative Payment Solutions, Inc. Announces Appointment of Clifford W. Henry and Madisson G.
NORTHRIDGE, CA, May 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century universal digital payment platform, IPSIPay™, today announced the...
Innovative Payment Solutions, Inc. Discusses the Potential of the Digital Banking Industry with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - April 28, 2021) - The Stock Day Podcast welcomed Innovative Payment Solutions, Inc. (OTCQB: IPSI) ("the Company"), a Southern California based fintech company focused on building a 21st century universal digital payment platform, IPSIPay™. CEO of...
Source: https://incomestatements.info
Category: Stock Reports