Complete financial analysis of POSaBIT Systems Corporation (POSAF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of POSaBIT Systems Corporation, a leading company in the Information Technology Services industry within the Technology sector.
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POSaBIT Systems Corporation (POSAF)
About POSaBIT Systems Corporation
POSaBIT Systems Corporation, a financial technology company, provides block chain-enabled payment processing and point-of-sale systems for cash-only businesses with a focus on the cannabis industry in the United States. The company is headquartered in Kirkland, Washington.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.58M | 49.77M | 21.30M | 7.82M | 4.18M | 2.32M | 691.25K | 41.63K |
| Cost of Revenue | 34.35M | 27.21M | 15.54M | 6.09M | 3.58M | 3.51M | 1.30M | 237.04K |
| Gross Profit | 9.22M | 22.57M | 5.76M | 1.74M | 598.04K | -1.19M | -605.44K | -195.41K |
| Gross Profit Ratio | 21.16% | 45.34% | 27.04% | 22.18% | 14.32% | -51.20% | -87.59% | -469.35% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 337.35K | 0.00 | 0.00 | 29.71K |
| General & Administrative | 18.64M | 14.25M | 7.45M | 2.25M | 3.12M | 101.27K | 183.91K | 252.54K |
| Selling & Marketing | 321.53K | 337.23K | 268.19K | 178.44K | 350.12K | 400.16 | 49.22K | 14.65K |
| SG&A | 18.96M | 14.58M | 7.72M | 2.43M | 3.47M | 101.67K | 355.93K | 751.15K |
| Other Expenses | 0.00 | 15.95K | 244.74K | 287.65K | 317.53K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 22.96M | 14.60M | 7.96M | 2.71M | 4.13M | 101.67K | 355.93K | 806.08K |
| Cost & Expenses | 55.38M | 41.81M | 23.51M | 8.80M | 7.70M | 101.67K | 1.65M | 1.04M |
| Interest Income | 1.06M | 148.14K | 0.00 | 0.00 | 1.00 | 0.00 | 752.38K | 18.34K |
| Interest Expense | 840.79K | 275.04K | 173.74K | 178.67K | 68.07K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 533.56K | 204.35K | 242.89K | 368.42K | 308.43K | 255.29K | 96.54K | 29.71K |
| EBITDA | -12.37M | 5.95M | -10.06M | -593.81K | -5.04M | -2.63M | -2.50M | -946.56K |
| EBITDA Ratio | -28.40% | 16.73% | -9.20% | -8.03% | -76.89% | -4.39% | -125.11% | -2,273.52% |
| Operating Income | -10.69M | 8.11M | -2.21M | -977.97K | -3.53M | -101.67K | -961.38K | -976.27K |
| Operating Income Ratio | -24.53% | 16.30% | -10.35% | -12.50% | -84.49% | -4.39% | -139.08% | -2,344.88% |
| Total Other Income/Expenses | -2.84M | 353.22K | -8.36M | -169.65K | -1.92M | -630.27K | -2.47M | -43.56K |
| Income Before Tax | -13.53M | 8.47M | -10.57M | -1.15M | -5.51M | -102.05K | -3.43M | -1.02M |
| Income Before Tax Ratio | -31.04% | 17.01% | -49.60% | -14.67% | -132.00% | -4.40% | -496.75% | -2,449.51% |
| Income Tax Expense | 235.20K | 404.14K | 173.74K | 282.35K | 68.07K | -161.14K | 5.00 | 0.00 |
| Net Income | -13.76M | 8.06M | -10.74M | -1.43M | -5.58M | -102.05K | -3.43M | -1.02M |
| Net Income Ratio | -31.58% | 16.20% | -50.42% | -18.28% | -133.63% | -4.40% | -496.75% | -2,449.51% |
| EPS | -0.09 | 0.06 | -0.09 | -0.01 | -0.07 | -0.03 | -0.05 | -0.05 |
| EPS Diluted | -0.09 | 0.06 | -0.09 | -0.01 | -0.07 | -0.03 | -0.05 | -0.05 |
| Weighted Avg Shares Out | 148.74M | 135.43M | 116.35M | 96.63M | 78.73M | 3.02M | 75.96M | 21.99M |
| Weighted Avg Shares Out (Dil) | 148.74M | 145.03M | 116.35M | 96.63M | 78.73M | 3.02M | 75.96M | 21.99M |
POSaBIT Reports Third Quarter 2024 Financial Results
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended September 30, 2024. “We are pleased...
POSaBIT to Host Third Quarter 2024 Earnings Conference Call
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 26, 2024 at...
POSaBIT Systems Corporation (POSAF) Q2 2024 Earnings Call Transcript
POSaBIT Systems Corporation (OTCQX:POSAF) Q2 2024 Earnings Conference Call August 27, 2024 4:30 PM ET Company Participants Oscar Dahl - Chief of Staff Ryan Hamlin - CEO & Co-Founder Chelsea Bolander - Corporate Controller Conference Call Participants James Baglanis -...
POSaBIT to Host Second Quarter 2024 Earnings Conference Call
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on August 27, 2024 at...
POSaBIT Reports First Quarter 2024 Financial Results
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended March 31, 2024. “The market challenges...
POSaBIT to Host First Quarter 2024 Earnings Conference Call
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on June 13, 2024 at...
POSaBIT Announces Anticipated Late Filing of the First Quarter Interim Filings
TORONTO--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), announces today that the Company is anticipating a delay in filing its interim financial statements and accompanying management's discussion and analysis for the three months ended March 31,...
POSaBIT Reports Fourth Quarter and Annual 2023 Financial Results
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and twelve months ended December 31, 2023. “Despite...
POSaBIT Announces Rescheduled FY 2023 Earnings Call
TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will report fourth quarter and full year ended December 31, 2023 financial results...
POSaBIT Announces Anticipated Late Filing of 2023 Annual Filings
TORONTO--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT") announces today that the Company is anticipating a delay in filing its annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2023...
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Category: Stock Reports