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.
You may be interested
- Taiga Motors Corporation (TAIMF) Income Statement Analysis – Financial Results
- Sustainable Development Acquisition I Corp. (SDAC) Income Statement Analysis – Financial Results
- Sibar Auto Parts Limited (SIBARAUT.BO) Income Statement Analysis – Financial Results
- Türk Telekomünikasyon Anonim Sirketi (TRKNF) Income Statement Analysis – Financial Results
- GS Retail Co., Ltd. (007070.KS) Income Statement Analysis – Financial Results
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 |
Best Stocks for 2022: Deep Value Tech Stock POSaBIT Is A Can't Miss Cannabis Play
Risk-tolerant investors will find a lot to like about deep value cannabis fintech stock POSaBIT, which looks poised to ride converging tailwinds straight to the moon. The post Best Stocks for 2022: Deep Value Tech Stock POSaBIT Is A Can't...
POSaBIT to Host Third Quarter 2021 Earnings Conference Call
SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 30, 2021 at 4:30 p.m. eastern time to discuss the results of the...
POSaBIT Systems: Undiscovered Hyper-Growth Payments Gem, 3x Upside As Market Wakes Up
POSaBIT Systems: Undiscovered Hyper-Growth Payments Gem, 3x Upside As Market Wakes Up
POSaBIT Announces ‘Connect', Fully Open API for Integrators
SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, has announced the release of “POSaBIT Connect”, their publicly available API that allows 3rd party integrations of all kinds to gain access to...
POSaBIT to Present in Citigroup FinTech Spotlight Series
SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, announced today that Ryan Hamlin, CEO and Co-Founder, will be presenting in the Citigroup FinTech Spotlight Series on Wednesday, October 6, 2021 at...
POSaBIT and Alpine IQ Announce Point of Sale Loyalty Integration
SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, is excited to announce a deep integration partnership with Alpine IQ, the leading data and marketing solutions provider for cannabis retailers. This two-way...
POSaBIT to Participate in Upcoming Conferences
SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, will be participating in these upcoming conferences: A.G.P.'s Virtual Fall Consumer Cannabis Conference: October 5, 2021: (1x1's only) https://www.allianceg.com/events/ 2021 LD Micro Main...
POSaBIT Continues to Expand Reach, Enters the New Mexico Market
SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, is proud to announce their entry into the burgeoning New Mexico cannabis market, partnering with one of the largest retail chains in the...
3 Hypergrowth Stocks in Fallen Angel Industries
Some of the best stocks come from companies in industries that had some early excitement that fizzled out. Here are three to check out.
3 Stocks to Buy Instead of SNDL or TLRY
With as many as 219 publicly traded marijuana companies out there, finding the ones worth investing in requires knowing what to look for. The post 3 Stocks to Buy Instead of SNDL or TLRY appeared first on InvestorPlace.
Source: https://incomestatements.info
Category: Stock Reports