See more : Northeast Securities Co., Ltd. (000686.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of PowerBand Solutions Inc. (PWWBF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of PowerBand Solutions Inc., a leading company in the Software – Application industry within the Technology sector.
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PowerBand Solutions Inc. (PWWBF)
About PowerBand Solutions Inc.
PowerBand Solutions Inc., a technology company, develops, markets, and sells online trading platform, standardized appraisal system, market intelligence report, and finance portal for the automotive industry in Canada. The company provides LiveNet, a real-time, targeted, and mobile online auction platform; and Marketplace, an online auction, which allows dealers, and rental and leasing companies to post used vehicles for sale to qualified wholesale buyers. It also offers Standardized Appraisal System, an electronic used vehicle appraisal system; DrivrzXchange, an inclusive multi-sided marketplace that allows buyers and sellers to list and/or find vehicles; DrivrzFinancial Loan-LeasePortala, a multi-lender loan-lease platform; and a finance portal. In addition, the company provides IntellaCar, a sales solution for dealership salespeople with tools and techniques needed to close the sale for both new and used vehicles; and DRIVRZLane, a digital retailing solution that enables customers to purchase vehicles online. PowerBand Solutions Inc. is headquartered in Burlington, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.87M | 12.76M | 23.94M | 3.03M | 2.00M | 282.00K | 171.33K | 112.81K | 129.19K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 1.40M | 6.12M | 12.30M | 1.76M | 1.91M | 0.00 | 762.63K | 271.65K | 985.78K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.47M | 6.64M | 11.64M | 1.27M | 86.46K | 282.00K | -591.30K | -158.83K | -856.59K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 51.22% | 52.06% | 48.63% | 41.82% | 4.33% | 100.00% | -345.13% | -140.79% | -663.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 1.71M | 0.00 | 1.30M | 1.83M | 0.00 | 260.14K | 121.47K | 982.14K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 9.08M | 19.83M | 18.07M | 11.45M | 5.65M | 4.48M | 1.88M | 574.64K | 64.69K | 49.67K | 99.58K | 16.02K | 38.69K | 68.01K |
| Selling & Marketing | 222.93K | 1.81M | 2.19M | 281.34K | 433.61K | 1.18M | 41.94K | 30.18K | 339.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 9.31M | 21.64M | 20.26M | 11.73M | 6.09M | 5.67M | 1.92M | 51.25K | 64.69K | 49.67K | 99.58K | 16.02K | 38.69K | 68.01K |
| Other Expenses | 2.83M | 0.00 | 0.00 | 0.00 | -68.00K | -209.47K | -207.17K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 12.14M | 23.49M | 23.34M | 13.62M | 7.00M | 6.05M | 2.46M | 51.25K | 64.69K | 49.67K | 99.58K | 16.02K | 38.69K | 68.01K |
| Cost & Expenses | 13.53M | 29.61M | 35.64M | 15.38M | 8.91M | 6.05M | 2.46M | 51.25K | 64.69K | 49.67K | 99.58K | 16.02K | 38.69K | 68.01K |
| Interest Income | 0.00 | 500.99K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 474.35K | 1.11M | 825.10K | 1.07M | 1.05M | 273.14K | 299.47K | 0.00 | 0.00 | 0.00 | 0.00 | 3.98K | 0.00 | 0.00 |
| Depreciation & Amortization | 913.02K | 1.16M | 1.58M | 1.51M | 916.78K | 376.86K | 278.50K | 231.92K | 1.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -20.39M | -15.00M | -10.19M | -10.58M | -6.35M | -5.41M | -2.01M | -818.70K | 0.00 | -49.67K | -99.58K | -16.02K | -38.69K | -68.01K |
| EBITDA Ratio | -710.99% | -117.52% | -42.57% | -357.92% | -302.31% | -1,917.41% | -1,174.92% | -45.43% | -50.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -10.67M | -18.05M | -12.67M | -13.06M | -6.98M | -5.78M | -2.29M | -51.25K | -64.69K | -49.67K | -99.58K | -16.02K | -38.69K | -68.01K |
| Operating Income Ratio | -372.02% | -141.45% | -52.91% | -431.29% | -349.42% | -2,051.05% | -1,337.48% | -45.43% | -50.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -11.11M | -7.67M | -3.74M | -108.16K | -1.09M | -811.46K | -229.59K | -116.17K | 978.42K | 0.00 | 0.00 | -3.98K | 0.00 | 0.00 |
| Income Before Tax | -21.77M | -30.66M | -16.19M | -13.17M | -8.34M | -6.58M | -2.50M | -51.25K | -64.69K | -49.67K | -99.58K | -20.00K | -38.69K | -68.01K |
| Income Before Tax Ratio | -759.37% | -240.23% | -67.64% | -434.86% | -417.34% | -2,331.70% | -1,459.08% | -45.43% | -50.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -2.24M | -404.68K | -325.42K | -291.42K | 253.11K | -202.64K | -231.93K | -1.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -20.76M | -27.30M | -14.96M | -9.97M | -7.03M | -6.58M | -2.30M | -51.25K | -64.69K | -49.67K | -99.58K | -20.00K | -38.69K | -68.01K |
| Net Income Ratio | -723.95% | -213.97% | -62.49% | -329.22% | -351.55% | -2,331.70% | -1,340.80% | -45.43% | -50.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.07 | -0.11 | -0.09 | -0.09 | -0.09 | -0.13 | -0.11 | -0.04 | -0.04 | -0.03 | -0.08 | -0.04 | -0.08 | -0.13 |
| EPS Diluted | -0.07 | -0.11 | -0.09 | -0.09 | -0.09 | -0.13 | -0.11 | -0.04 | -0.04 | -0.03 | -0.08 | -0.04 | -0.08 | -0.13 |
| Weighted Avg Shares Out | 298.57M | 250.16M | 175.28M | 116.81M | 79.93M | 51.56M | 21.71M | 1.22M | 1.50M | 1.50M | 1.20M | 515.00K | 515.00K | 515.00K |
| Weighted Avg Shares Out (Dil) | 299.35M | 250.16M | 175.28M | 116.81M | 79.93M | 51.56M | 21.71M | 1.22M | 1.50M | 1.50M | 1.20M | 515.00K | 515.00K | 515.00K |
PowerBand Announces First Quarter 2024 Financial Results
TORONTO, ON / ACCESSWIRE / June 24, 2024 / PowerBand Solutions (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt: 1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is announcing that it has filed its Interim...
PowerBand Announces Closing of the Second Tranche of Private Placement
TORONTO, ON / ACCESSWIRE / June 21, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company"), a comprehensive trading and financing technology platform transforming the online experience to sell, trade, lease, and finance vehicles, is pleased to...
PowerBand Provides Bi-Weekly MCTO Status Update
TORONTO, ON / ACCESSWIRE / June 13, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF) ("PowerBand" or the "Company") is providing a bi-weekly status update in accordance with the National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). As previously...
PowerBand Provides Bi-Weekly MCTO Status Update
TORONTO, ON / ACCESSWIRE / May 15, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF) ("PowerBand" or the "Company") is providing a bi-weekly status update in accordance with the National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). As previously...
PowerBand Announces Board and Management Changes
TORONTO, ON / ACCESSWIRE / May 14, 2024 / PowerBand Solutions (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is pleased to announce the appointment of Kris Gaerlan...
PowerBand Granted Approval for MCTO
TORONTO, ON / ACCESSWIRE / May 1, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF) ("PowerBand" or the "Company") announces that its principal regulator, the Ontario Securities Commission, has granted the Company its request for a management cease trade order (the...
PowerBand Solutions Announces Closing of First Tranche of Private Placement
TORONTO, ON / ACCESSWIRE / April 26, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company"), a comprehensive trading and financing technology platform transforming the online experience to sell, trade, lease, and finance vehicles, is pleased to...
PowerBand Provides Update on Filing of Financial Statements
TORONTO, ON / ACCESSWIRE / April 16, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC Pink:PWWBF) ("PowerBand" or the "Company") announces that as a result of delays in the completion of its audit, the Company will be unable to meet its filing...
PowerBand Engages HDCPA Professional Corporation as Auditor
TORONTO, ON / ACCESSWIRE / April 11, 2024 / PowerBand Solutions (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX"or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is pleased to announce that HDCPA Professional Corporation ("HDCPA") has...
PowerBand Solutions Announces Appointment of New CEO and Board Members and $2 Million Financing of Common Shares
TORONTO, ON / ACCESSWIRE / April 4, 2024 / PowerBand Solutions Inc. (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company"), a comprehensive trading and financing technology platform transforming the online experience to sell, trade, lease, and finance vehicles, is pleased to...
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