See more : Bank of Georgia Group PLC (BDGSF) 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 and U.S. Electric Truck Maker Atlis Motor Vehicles Sign MOU to Offer Leasing, Purchasing and Insurance Services
ATLIS plans to use DRIVRZ™ platform to finance and insure its EV subscription and ownership model for consumers VANCOUVER, BC / ACCESSWIRE / May 19, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (FSE:1ZVA) ("PowerBand", "PBX" or the "Company") has reached...
DRIVRZ Financial, Formerly MUSA Auto Finance, teams Up With Roadster To Add Used Car Leasing To Digital Retail Experience
DALLAS, May 14, 2021 /PRNewswire/ -- DRIVRZ Financial, an automotive finance and technology lender specializing in effortless leasing and formerly known as MUSA Auto Finance, has announced its partnership with Roadster to enhance the digital retail experience with an interactive payment...
PowerBand Brings on Proven Capital Finance Leader for Next Stage Growth of the DRIVRZ Suite of Products
VANCOUVER, BC / ACCESSWIRE / May 13, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (FSE:1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce that Justin Burrage, President of Cadiz Capital Advisors, will be advising and assisting the Company on...
DrivrzXchange Partners with Acertus To Provide Vehicle Delivery and Pickup Directly to Buyers & Sellers In North America
VANCOUVER, BC / ACCESSWIRE / May 12, 2021 / Powerband (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt:1ZVA)("PowerBand", "PBX" or the "Company") is pleased to announce its auction division, DrivrzXchange, has reached an agreement with North American automotive logistics and services company, ACERTUS, to facilitate...
7,000 U.S. Automotive Dealerships to Get Access to DRIVRZ For Used Car Leasing
Partnership with Roadster - Leading E-commerce Provider to Automotive Dealerships - Underway VANCOUVER, BC / ACCESSWIRE / May 7, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (FSE:1ZVA) ("PowerBand", "PBX" or the "Company") is pleased to announce that DRIVRZ Financial, its...
MUSA Auto Finance will rebrand as DRIVRZ Financial, extend focus to mobile app connecting consumers and dealers
DALLAS, May 6, 2021 /PRNewswire/ -- MUSA Auto Finance, an automotive finance and technology lender specializing in effortless leasing, has announced that it will rebrand as DRIVRZ Financial. The company will continue growing its indirect lending business while also branching into...
PowerBand's Month-Over-Month Growth Continues into April 2021
PowerBand Solutions' DRIVRZ™ products are reporting steady growth into the second quarter VANCOUVER, BC / ACCESSWIRE / May 6, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (FSE:1ZVA) ("PowerBand", "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience...
PowerBand Appoints Brent Green as Chief Revenue Officer of DRIVRZ Financial
Green Brings Senior Executive Experience Leading Sales Organizations Both in the US and Across the Globe VANCOUVER, BC / ACCESSWIRE / May 5, 2021 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(FRA:1ZVA) ("PowerBand", "PBX" or the "Company"), an innovative automotive fintech leader providing...
Addition of US $2 Billion in EV Lease Lines Puts DRIVRZ On Road To Be Leader in Electric Vehicle Leasing
PowerBand's finance arm, DRIVRZ Financial, has been approved for two additional US $1-Billion-dollar EV lease lines from Unify Financial Credit Union and Valley Strong Credit Union. These two lines are in addition to previously announced lease lines.
PowerBand Announces Former MUSA Auto Finance CEO Stepping Down
As Previously Announced, Jon Lamb has been Appointed as CEO of Drivrz Financial (formerly MUSA), replacing Jeff Morgan VANCOUVER, BC / ACCESSWIRE / April 30, 2021 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company"), an innovative...
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