Anuncio • Sep 12
Jasper Commerce Listing Transfer from Tier 2 to NEX Effective September 13 In accordance with TSX Venture Policy 2.5, Jasper Commerce Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on September 13, 2024, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of September 13, 2024, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from JPIM to JPIM.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated June 17, 2024, trading in the shares of the Company will remain suspended. Reported Earnings • Apr 02
Second quarter 2024 earnings released: CA$0.006 loss per share (vs CA$0.02 loss in 2Q 2023) Second quarter 2024 results: CA$0.006 loss per share (improved from CA$0.02 loss in 2Q 2023). Revenue: CA$257.4k (down 29% from 2Q 2023). Net loss: CA$342.6k (loss narrowed 71% from 2Q 2023). Anuncio • Feb 01
Jasper Commerce Inc. Announces Resignation of Jon Marsella as Board of Director Jasper Commerce Inc. announced that Jon Marsella resigned from the Board of Directors of Jasper effective immediately. Reported Earnings • Dec 01
Full year 2023 earnings released: CA$0.058 loss per share (vs CA$0.19 loss in FY 2022) Full year 2023 results: CA$0.058 loss per share (improved from CA$0.19 loss in FY 2022). Revenue: CA$1.44m (down 14% from FY 2022). Net loss: CA$3.37m (loss narrowed 57% from FY 2022). Anuncio • Nov 22
Jasper Commerce Inc Announces CEO Changes Jasper Commerce Inc. announced that effective immediately, Sean Coutts is no longer the Interim CEO. Ken Gutierrez, the current CFO, takes over as Interim CEO while continuing in his current role as CFO. Sean Coutts is recognized for his leadership that significantly reduced costs while enhancing customer service. Mag Saad, Chairman of the Board, commended Mr. Coutts for his contributions and wished him well for the future. Anuncio • Oct 06
Jasper Commerce Inc. announced that it expects to receive CAD 0.5 million in funding Jasper Commerce Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.025 per unit for gross proceeds of up to CAD 500,000 on October 5, 2023. Each unit is comprised of one common share in the capital of the company and one half of one common share purchase warrant, which, combined with another half Warrant, is exercisable into one common share at an exercise price of CAD 0.05 per warrant share for a period of 24 months from the date of issuance. Closing of the offering is intended to occur in one or more tranches with the first tranche expected to close on or around October 27, 2023. Closing is subject to approval by the TSX Venture Exchange. The transaction may include participation from certain investors. The offering is expected to be exempt from the formal valuation and minority shareholder approval requirements . Reported Earnings • Jun 28
Third quarter 2023 earnings released: CA$0.011 loss per share (vs CA$0.091 loss in 3Q 2022) Third quarter 2023 results: CA$0.011 loss per share (improved from CA$0.091 loss in 3Q 2022). Revenue: CA$343.5k (down 10% from 3Q 2022). Net loss: CA$623.0k (loss narrowed 87% from 3Q 2022). Reported Earnings • Apr 01
Second quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.045 loss in 2Q 2022) Second quarter 2023 results: CA$0.02 loss per share (improved from CA$0.045 loss in 2Q 2022). Revenue: CA$363.5k (down 23% from 2Q 2022). Net loss: CA$1.16m (loss narrowed 4.0% from 2Q 2022). Anuncio • Jan 27
Jasper Commerce Inc. announced that it expects to receive CAD 0.5 million in funding Jasper Commerce Inc. announced a non-brokered private placement of units for gross aggregate proceeds of up to CAD 500,000 plus an overallotment option of up to 50 per cent at the sole discretion of the company on January 26, 2023. Each unit is comprised of CAD 1,000 principal amount of 12% secured convertible debentures issued by the company with a maturity date of five years from the date of issuance and 20,000 common share purchase warrants of the company. Each convertible debenture is convertible at the holder's option into fully-paid common shares of the company at any time prior to the maturity date at a conversion price of CAD 0.05 per common share, being a ratio of 20,000 common shares per CAD 1,000 principal amount of convertible debentures. If the volume weighted average price of the common shares for any 60 day period prior to the maturity date equals or exceeds CAD 0.35 per common share then any outstanding convertible debentures at that time automatically will be converted into common shares at CAD 0.05 per common share effective the 60th day of such period. Each warrant is exercisable into one common share of the company at an exercise price of CAD 0.10 for a period of 48 months following the closing date of the transaction. Closing of the transaction is intended to occur in one or more tranches with the first tranche expected to close on or around February 7, 2023. Closing is subject to approval by the TSX Venture Exchange. Anuncio • Dec 24
Jasper Commerce Inc. Announces the Departure of Mike Hodes, Chief Financial Officer, from the Company Effective Immediately Jasper Commerce Inc. announces the departure of Mike Hodes, Chief Financial Officer, from the Company effective immediately. Reported Earnings • Dec 01
Full year 2022 earnings released Full year 2022 results: Revenue: CA$1.68m (up 23% from FY 2021). Net loss: CA$7.89m (loss widened 376% from FY 2021). Anuncio • Nov 29
Jasper Commerce Inc. Provides Earnings Guidance for the Year Ending July 31, 2023 Jasper Commerce Inc. provided earnings guidance for the year ending July 31, 2023. On a Pro Forma basis, for fiscal 2023 (ending July 31, 2023) and now including seven months of Cartika contribution, the Company expects total revenue of $3.2 million to $3.7 million, up as much as 120% from Fiscal 2022 revenue of $1.68 million, with gross margins on such revenue of the combined entities estimated to be between 50% and 55%. Anuncio • Nov 26
Jasper Commerce Inc., Annual General Meeting, Jan 26, 2023 Jasper Commerce Inc., Annual General Meeting, Jan 26, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Maged Saad is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Oct 13
Jasper Commerce Inc. (TSXV:JPIM) agreed to acquire Cartika Inc. Jasper Commerce Inc. (TSXV:JPIM) agreed to acquire Cartika Inc for CAD 2.55 million on October 11, 2022. The consideration will include (i) CAD 300,000 in cash from Jasper's existing cash balance (ii) CAD 200,000 in a Vendor Take Back, payable over three years with principal and interest payments; and (iii) CAD 1,050,000 in Jasper common shares at the greater of Jasper's volume weighted average trading price for the ten trading days prior to the closing date, and CAD 0.50 per share; and (iv) up to CAD 1,000,000 over 2 years ("Earn Out" ) conditional upon revenue growth of Cartika payable in Jasper common shares at the greater of Jasper's volume weighted average trading price for the ten trading days prior to the end of the applicable Earn Out period, and $0.50 per share. In addition to statutory hold periods, all shares issued in conjunction with this Transaction will have a 12 month hold on them in addition to applicable statutory hold periods. The transaction is assumed to be closed on December 1, 2022. Anuncio • Aug 13
Jasper Commerce Inc. Provides Earnings Guidance for the Fiscal Year 202 Jasper Commerce Inc. provided earnings guidance for the fiscal year 2022. For the period, the company expects revenue of at least $1.68 million, which is a minimum increase of 23% versus Fiscal 2021 and net loss for Fiscal 2022 is expected to be at least $8.45 million. Board Change • Jul 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Maged Saad is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Jun 30
Third quarter 2022 earnings released Third quarter 2022 results: CA$0.091 loss per share. Revenue: CA$383.3k (flat on 3Q 2021). Net loss: CA$4.80m (flat on 3Q 2021). Anuncio • Jun 17
Jasper Commerce Introduces Digital Asset Management Capability for Enterprise Customers Jasper Commerce Inc. announces the release of powerful new Digital Asset Management (DAM) capability for the Jasper PIM SaaS product, initially offered at Jasper's Enterprise pricing tier. Digital Asset Management is an essential part of a product manager's overall merchandising arsenal, and Jasper's DAM release has been met with much anticipation from some of the Company's large customers - brands such as Samsonite, Sennheiser, Jamieson Labs, to name a few. This new DAM release contains a host of new asset management features, allowing Jasper Enterprise customers much better control over their product imagery, video content, documents (typically containing technical specifications or product user manuals, etc.) as well as 3D models or other complex media to support emerging augmented reality or virtual reality applications. The purpose of using Jasper's new DAM capability directly within the PIM itself is to: a) have all eCommerce related digital assets managed centrally, and b) enable the online seller with vastly improved product detail pages (PDP) on their digital storefronts (I.e., wherever they sell their products or services online). Product pages that contain better imagery, videos, and rich documentation have significantly improved sales conversion rates. The new DAM capability will allow Jasper's customers to power complete AR (Augmented Reality) experiences, which according to recent research can improve customer engagement by 19% and sales conversion rates by 90% . Moreover, accurate and detailed product pages are less likely to lead to returns or order reworking on the fulfillment side, which is a key operational benefit for merchants. The result is increased shopper satisfaction and considerable time savings for the DAM users, or merchants themselves. Historically, Jasper PIM supported what it called mini-DAM capability, which offered basic utility in support of managing image, video, and documents. This new release represents a milestone in Jasper's product R&D roadmap as it realizes its vision of having a more robust DAM experience built directly into the Jasper PIM product. Jasper expects the release of this new capability to positively impact its ability to attract net-new Enterprise customers, as well as to provide an improved overall value proposition for customers at its more down-market Standard and Plus tiers - customers who may be contemplating an upgrade to their plan to obtain these new DAM features. Many Jasper PIM Enterprise merchants make use of a separate DAM product within their organization, and the introduction of this capability directly into Jasper PIM should simplify its customers' overall technology stack, saving them time and money. Enterprise brands can now use the single Jasper PIM + DAM combination to perform all their commerce-related merchandising function in one place. Anuncio • May 27
Jasper Commerce Announces Launch on Square App Marketplace to over 4 Million Potential Merchants Jasper Commerce Inc. announced the launch of the Jasper PIM Square solution into the Square App Marketplace as of May 24th, 2022. Jasper is the first Product Information Management (PIM) solution to be listed in the Square App Marketplace. This launch deepens Jasper's relationship with Square, and the millions of merchants on the Square platform. Jasper intends to invest heavily in strengthening its relationship with the Square partnership team in order to enable new opportunities for co-sponsorship and solution bundling across the Square ecosystem. Square has an addressable market of over 4,000,000 merchants in the United States1, and assuming applicability to 75% of the SMB segment of that merchant base (i.e., approximately 3 million potential Square customers) even a tiny penetration of this distribution channel would represent significant revenue potential and growth for Jasper. This new marketplace app launch makes it relatively straightforward for Square merchants, who use Square's App Marketplace to install and configure the Jasper PIM Square application. As a result, merchants can now be up and running; managing their products in a much more effective way, seamlessly, often within hours of installation, as opposed to previously taking many weeks or months. Reported Earnings • Apr 07
Second quarter 2022 earnings released Second quarter 2022 results: CA$0.62 loss per share. Revenue: CA$470.7k (flat on 2Q 2021). Net loss: CA$1.21m (flat on 2Q 2021).