See more : Mandrake Resources Limited (MAN.AX) 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 Receives TSXV Approval for Extension of Appointment of Independent Directors
TORONTO, ON / ACCESSWIRE / March 25, 2024 / PowerBand Solutions (TSXV:PBX)(OTC PINK:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company") announced today that it has received approval for a 30-day extension from the TSX Venture Exchange (the "Exchange") to satisfy the Exchange...
PowerBand Announces Auditor Resignation
TORONTO, ON / ACCESSWIRE / January 12, 2024 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, announces the resignation of its auditors, MNP LLP ("MNP"). MNP...
PowerBand Appoints New Director
TORONTO, ON / ACCESSWIRE / December 27, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, announced today that it has appointed Shibu Abraham, the Company's...
PowerBand Provides Corporate Update
TORONTO, ON / ACCESSWIRE / December 19, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, announced today that its common shares have been temporarily halted...
PowerBand Announces Resignation of Directors
TORONTO, ON / ACCESSWIRE / December 18, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, today announced that board of directors Co-Chairman, Joe Poulin, board...
Powerband Announces Results of Annual General and Special Meeting
TORONTO, ON / ACCESSWIRE / December 14, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(FRA:1ZVA) (" PowerBand " " PBX " or the " Company "), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is pleased to announce...
PowerBand Announces Third Quarter 2023 Financial Results
TORONTO, ON / ACCESSWIRE / November 30, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB: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 Consolidated Financial...
PowerBand Announces Resignation of Director
TORONTO, ON / ACCESSWIRE / November 10, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, today announced that Board member and audit committee member, Geoffrey...
PowerBand Announces Second Quarter 2023 Financial Results
TORONTO, ON / ACCESSWIRE / August 30, 2023 / PowerBand Solutions (TSXV:PBX) (OTCQB: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 Consolidated...
Why PowerBand Solutions Shares Are Surging Today
Automotive fintech platform PowerBand Solutions Inc. (TSXV: PBX) (OTC: PWWBF) disclosed a $20 million private placement with an investment vehicle controlled by J. Bryan Hunt Jr. and JPK Capital, an investment vehicle wholly owned by Joe Poulin.
Source: https://incomestatements.info
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