Announcement • Jul 04
POSaBIT Systems Corporation Elects Bruce Jaffe as Director POSaBIT Systems Corporation at its annual and special meeting of shareholders held on July 2, 2026, elected Bruce Jaffe as Director of the Company. Reported Earnings • May 29
First quarter 2026 earnings released: US$0.002 loss per share (vs US$0.007 loss in 1Q 2025) First quarter 2026 results: US$0.002 loss per share (improved from US$0.007 loss in 1Q 2025). Revenue: US$2.13m (down 25% from 1Q 2025). Net loss: US$291.5k (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Announcement • May 26
POSaBIT Systems Corporation to Report Q1, 2026 Results on May 27, 2026 POSaBIT Systems Corporation announced that they will report Q1, 2026 results on May 27, 2026 Announcement • May 06
POSaBIT Systems Corporation, Annual General Meeting, Jul 02, 2026 POSaBIT Systems Corporation, Annual General Meeting, Jul 02, 2026. Reported Earnings • Apr 24
Full year 2025 earnings released: US$0.012 loss per share (vs US$0.037 loss in FY 2024) Full year 2025 results: US$0.012 loss per share (improved from US$0.037 loss in FY 2024). Revenue: US$10.0m (down 35% from FY 2024). Net loss: US$2.00m (loss narrowed 65% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Announcement • Apr 23
Posabit Systems Corporation Launches New Ai-Driven Producer and Processor Portal Posabit Brands POSaBIT Systems Corporation announced the launch of POSaBIT Brands, a new software platform built specifically for cannabis producers and processors. POSaBIT Brands marks the Company’s first major expansion beyond cannabis retail. With the introduction of POSaBIT Brands, POSaBIT is now able to serve the other half of the $35B+ cannabis industry’s supply chain: the brands, producers and processors who manufacture and distribute products. POSaBIT Brands provides cannabis producers and processors with a centralized platform to manage and grow their business. The product leverages new AI technology and includes real-time sales and inventory reporting, business intelligence tools, a centralized product catalog, vendor managed inventory (VMI), order building, data mapping, B2B ACH payments, and a robust suite of custom reports. The platform enables brands to see how products are performing across multiple retailers in real time, identify inventory issues before they become problems, analyze the effectiveness of discounts and promotions, and build stronger relationships with their retail partners. POSaBIT Brands also allows producers and processors to maintain a single, centralized product library across all retail locations, helping ensure cleaner data, more accurate reporting and a more consistent brand experience. POSaBIT Brands gives brands access to real-time insights into sales, inventory, discounts, customer trends and retailer performance. A core component of POSaBIT Brands is its Vendor Managed Inventory, or VMI, functionality. The platform allows producers and processors to build orders directly from live inventory data at participating retailers, reducing out-of-stocks, simplifying reordering and improving communication between brands and dispensaries. The backend of POSaBIT Brands is heavily supported by artificial intelligence, helping automate data mapping, product matching, report generation and inventory analysis. By leveraging AI, POSaBIT Brands can surface actionable insights and reduce many of the manual tasks that cannabis brands currently perform. POSaBIT Brands includes a universal product catalog that is created, maintained, vetted and approved directly by producers and processors. That catalog can flow directly into a retailer’s POSaBIT point of sale system and online menu, ensuring more accurate product information, cleaner data, fewer manual updates and a more consistent customer experience. By connecting brand-managed product data directly to the retailer, POSaBIT further strengthens its relationship with retailers while creating a more seamless connection between both sides of the cannabis supply chain. POSaBIT expects POSaBIT Brands to become an important new growth driver for the Company over the coming years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.004 loss per share (vs US$0.013 loss in 3Q 2024) Third quarter 2025 results: US$0.004 loss per share (improved from US$0.013 loss in 3Q 2024). Revenue: US$2.36m (down 42% from 3Q 2024). Net loss: US$596.4k (loss narrowed 71% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: US$0.004 (vs US$0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.004 (up from US$0.003 loss in 2Q 2024). Revenue: US$2.65m (down 38% from 2Q 2024). Net income: US$634.7k (up US$1.09m from 2Q 2024). Profit margin: 24% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. New Risk • Jun 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$563k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-US$563k). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (CA$13.3m market cap, or US$9.70m). Reported Earnings • Jun 02
First quarter 2025 earnings released: US$0.007 loss per share (vs US$0.012 loss in 1Q 2024) First quarter 2025 results: US$0.007 loss per share (improved from US$0.012 loss in 1Q 2024). Revenue: US$2.84m (down 25% from 1Q 2024). Net loss: US$1.12m (loss narrowed 42% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Board Change • Apr 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Lead Independent Director Don Tringali was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 28
POSaBIT Systems Corporation, Annual General Meeting, Jun 24, 2025 POSaBIT Systems Corporation, Annual General Meeting, Jun 24, 2025. Reported Earnings • Nov 27
Third quarter 2024 earnings released: US$0.013 loss per share (vs US$0.05 loss in 3Q 2023) Third quarter 2024 results: US$0.013 loss per share (improved from US$0.05 loss in 3Q 2023). Revenue: US$4.08m (down 70% from 3Q 2023). Net loss: US$2.08m (loss narrowed 72% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Announcement • Nov 21
POSaBIT Systems Corporation Announces Full Integration of Metrc Connect POSaBIT Systems Corporation has completed work on fully integrating Metrc Connect reporting in their industry leading Point of Sale system for all states that utilize the track and trace system. All of POSaBIT's partner dispensaries in Metrc regions now seamlessly report the necessary data to their regulatory bodies through the company's leading point of sale software. New Risk • Nov 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.5m (US$8.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.2m free cash flow). Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (CA$12.5m market cap, or US$8.97m). Minor Risk Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Aug 28
Second quarter 2024 earnings released: US$0.003 loss per share (vs US$0.012 loss in 2Q 2023) Second quarter 2024 results: US$0.003 loss per share (improved from US$0.012 loss in 2Q 2023). Revenue: US$4.26m (down 68% from 2Q 2023). Net loss: US$454.0k (loss narrowed 75% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$10.9m (US$7.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.1m free cash flow). Earnings have declined by 8.5% per year over the past 5 years. Market cap is less than US$10m (CA$10.9m market cap, or US$7.97m). Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Reported Earnings • Jun 16
First quarter 2024 earnings released: US$0.012 loss per share (vs US$0.021 loss in 1Q 2023) First quarter 2024 results: US$0.012 loss per share (improved from US$0.021 loss in 1Q 2023). Revenue: US$3.78m (down 67% from 1Q 2023). Net loss: US$1.94m (loss narrowed 36% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jun 13
POSaBIT Systems Corporation, Annual General Meeting, Aug 13, 2024 POSaBIT Systems Corporation, Annual General Meeting, Aug 13, 2024. Reported Earnings • May 16
Full year 2023 earnings released: US$0.093 loss per share (vs US$0.06 profit in FY 2022) Full year 2023 results: US$0.093 loss per share (down from US$0.06 profit in FY 2022). Revenue: US$43.6m (down 13% from FY 2022). Net loss: US$13.8m (down 271% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Dec 22
POSaBIT Systems Corporation announced that it expects to receive CAD 0.87 million in funding from Perga Capital Management, LP POSaBIT Systems Corporation announced a non-brokered private placement of up to 3,107,142 units at a price of CAD 0.28 per unit for aggregate gross proceeds of up to approximately CAD 870,000 on December 21, 2023. Each unit will be comprised of one common share and 0.88 common share purchase warrants. Each warrant will be exercisable into one common share at a price of CAD 0.40 per warrant share for a period of 60 months. The company also entered into a subscription agreement with new investor Perga Capital Partners, LP, a fund managed by Perga Capital Management, LP for 857,929 units for aggregate gross proceeds of approximately CAD 800,220. The offering is expected to close on or about December 29, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals. The common shares issued in connection with the offering are expected to be subject to a four-month statutory hold period, in accordance with applicable securities legislation. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$9.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.6m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (CA$53.4m market cap, or US$39.4m). Recent Insider Transactions Derivative • Nov 06
Director exercised options to buy CA$901k worth of stock. On the 30th of October, Michael Apker exercised options to buy 2m shares at a strike price of around CA$0.12, costing a total of CA$277k. This transaction amounted to 23% of their direct individual holding at the time of the trade. Since December 2022, Michael has owned 9.87m shares directly. Company insiders have collectively bought CA$617k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Market cap is less than US$100m (CA$102.0m market cap, or US$74.5m). Announcement • Sep 08
POSaBIT Systems Corporation Announces Highly Anticipated Full Launch of POSaBIT POS 2.0, Setting a New Standard for Point-Of-Sale Technology POSaBIT Systems Corporation announced the full launch of POSaBIT POS 2.0, the next-generation of the Company's ground-breaking point-of-sale system. After receiving positive feedback during its beta phase, the Company is confident that POSaBIT POS 2. 0 will redefine the customer experience across the cannabis industry. Since its inception, POSaBIT has focused on revolutionizing payment options and enhancing consumer experiences at the point of sale. POSaBIT POS 2.2 brings new and advanced features that elevate the already robust capabilities of the previous iteration. These features include a simplified and more intuitive user interface, enhanced data analytics, and expanded integrations with popular e-commerce platforms. The launch of POSaBIT POS2.0 comes at a time when retailers and service providers are increasingly looking for agile, scalable, and user-friendly solutions that can adapt to rapidly changing market conditions. POSaBIT POS 2.,0 is designed to be the go-to solution for dispensaries who demand more from their point-of-sale systems. POSaBIT also provided an update on the Company's previously-announced trial run for a crypto-based payments solution. After an extensive trial across approximately 25 merchants, the Company has determined not to move forward with this specific solution. The Company remains committed to innovating and refining its product offerings to best meet the needs of its growing customer base, with a focus on stability and compliance. The company provide a best-in-class Point-of-Sale solution and are the leading cashless payment provider for cannabis retailers. The company work tirelessly to build better financial services and transaction methods for merchants. The company bring cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. Reported Earnings • Aug 25
Second quarter 2023 earnings released: US$0.012 loss per share (vs US$0.003 profit in 2Q 2022) Second quarter 2023 results: US$0.012 loss per share (down from US$0.003 profit in 2Q 2022). Revenue: US$13.5m (up 64% from 2Q 2022). Net loss: US$1.83m (down US$2.21m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 10
POSaBIT Systems Corporation Announces Chris Baker as Chief Operations Officer POSaBIT Systems Corporation announced that Chris Baker, currently serving as Chief Strategy Officer, will assume the role of Chief Operations Officer (COO) effective immediately. Baker, who joined the company last year, has played an instrumental role in the growth and strategic direction of POSaBIT. In his new role, he will oversee the company's day-to-day operations and continue to drive POSaBIT's mission to deliver seamless and compliant payment and point-of-sale solutions. Baker has a strong track record in strategy, operations, and financial management. He has demonstrated the ability to drive efficiency, profitability, and scalability, making him an invaluable asset to the executive team. Reported Earnings • Jun 02
First quarter 2023 earnings released: US$0.021 loss per share (vs US$0.004 loss in 1Q 2022) First quarter 2023 results: US$0.021 loss per share (further deteriorated from US$0.004 loss in 1Q 2022). Revenue: US$11.5m (up 81% from 1Q 2022). Net loss: US$3.04m (loss widened US$2.57m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
POSaBIT Systems Corporation, Annual General Meeting, Jul 07, 2023 POSaBIT Systems Corporation, Annual General Meeting, Jul 07, 2023. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: US$0.06 (vs US$0.091 loss in FY 2021) Full year 2022 results: EPS: US$0.06 (up from US$0.091 loss in FY 2021). Revenue: US$49.8m (up 134% from FY 2021). Net income: US$8.06m (up US$18.6m from FY 2021). Profit margin: 16% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 222% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 01
Insider recently bought CA$71k worth of stock On the 24th of February, Alex Sharp bought around 73k shares on-market at roughly CA$0.96 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$121k. Insiders have collectively bought CA$192k more in shares than they have sold in the last 12 months. Announcement • Feb 11
POSaBIT Systems Corporation Announces Sarah Mirsky-Terranova as Chief Compliance Officer POSaBIT Systems Corporation name Sarah Mirsky-Terranova, Esq., as the company’s Chief Compliance Officer. Sarah is a skilled compliance C-suite executive and attorney, and boasts extensive experience in managing and advising on in-depth case investigations pertaining to BSA/AML, financing and trafficking, sanctions, KYC, and fraud-related matters. In previous roles, she has managed regulatory reviews and mitigated gaps found in the financial crime investigative/escalation process that could pose a regulatory risk. In her role as Chief Compliance Officer of the Company, she will lead the POSaBIT team in designing, implementing, and monitoring processes to comply with all laws and regulations in the fast-changing industry. Most recently, she served as Chief Compliance Officer at Synctera. Recent Insider Transactions • Feb 05
Insider recently bought CA$121k worth of stock On the 31st of January, Alex Sharp bought around 110k shares on-market at roughly CA$1.10 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Feb 03
POSaBIT Systems Corporation Names Chris Baker as Chief Strategic Officer POSaBIT Systems Corporation named Chris Baker to the company’s newly-created Chief Strategic Officer role. Chris is passionate about the power of technology, and boasts over 20 years of leadership in the industry. In previous roles, he has led award-winning, multi-disciplinary teams spanning 4 continents for global enterprise clients. In his role as Chief Strategy Officer of the Company, he will lead strategy with the POSaBIT team, partnering across the business to keep the Company ahead in a fast-changing business environment. His career started at IBM Global Services, where he focused on delivering projects and programs across the technology service delivery stack. Most recently, he served as VP of Technology and Innovation at Genius Avenue, an Insuretech/Fintech startup. Reported Earnings • Dec 02
Third quarter 2022 earnings released: US$0.009 loss per share (vs US$0.062 loss in 3Q 2021) Third quarter 2022 results: US$0.009 loss per share (improved from US$0.062 loss in 3Q 2021). Revenue: US$10.3m (up 62% from 3Q 2021). Net loss: US$1.22m (loss narrowed 82% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 158% per year, which means it is well ahead of earnings. Announcement • Nov 30
POSaBIT Systems Corporation Reiterates Earnings Guidance for the Year 2022 POSaBIT Systems Corporation reiterating earnings guidance for the year 2022. The Company is raising the high end of its gross profit guidance to $10.5 million and reiterating its revenue guidance of $37.0 – $40.0 million for the full year 2022. Announcement • Nov 16
Posabit Systems Corporation Releases Posabit 2.0 POSaBIT Systems Corporation has unveiled POSaBIT 2.0. Built on nearly a decade of industry experience, careful user research, and customer feedback, POSaBIT 2.0 is the most intuitive experience yet. The POSaBIT team had a laser focus on optimizing the day-to-day experience of budtenders, managers, and owners - whether at a small retailer or a growing MSO. Merchants will be delighted by a thoughtfully redesigned user interface, enhanced front-end features, new end-user-centric improvements to the recommendations and preferences platform, and enhanced reporting and insights on the back end. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Co-Founder, CEO, President & Director Ryan Hamlin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: US$0.003 (vs US$0.008 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.003 (up from US$0.008 loss in 2Q 2021). Revenue: US$8.23m (up 66% from 2Q 2021). Net income: US$379.9k (up US$1.26m from 2Q 2021). Profit margin: 4.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 89% per year, which means it is well ahead of earnings. Announcement • Aug 26
POSaBIT Systems Corporation Reiterates Earnings Guidance for the Full Year 2022 POSaBIT Systems Corporation reiterated earnings guidance for the full year 2022. For the period, the company's guidance for total revenue remains unchanged from the previous guidance of $37.0 to $40.0 million. Announcement • Jul 02
POSaBIT Systems Corporation announced that it has received CAD 3.6 million in funding On June 30, 2022, POSaBIT Systems Corporation closed the transaction. The company amended the terms of the transaction. The company received CAD 3,600,000 in the transaction. The transaction included participation from individual investor Alex Sharp. Announcement • Jun 22
POSaBIT Systems Corporation announced that it expects to receive CAD 4.689553 million in funding POSaBIT Systems Corporation announced a non brokered private placement of 5,861,941 units of the Company at a premium to market subscription price of CAD 0.80 per Unit, for aggregate gross proceeds of approximately CAD 4.7 million. Pursuant to the Offering, 4,500,000 Units will be issued to existing investors of the Company , 4,500,000 Units will be issued to existing investors of the
Company who will, concurrently with the closing of the Offering, exercise 600,063 previously issued Common Share purchase warrants for additional gross proceeds to the Company of CAD 0.2 million. The Offering is expected to close imminently. Each Unit consists of one common share of the Company and threequarters of one Common Share purchase warrant. Each Warrant comprising Units issued to Existing Investors will be exercisable at CAD 1.00 and each Warrant comprising Units issued to all other investors will be exercisable at CAD 1.05. Each Warrant will entitle the holder thereof to acquire one Common Share for a period of 3 years from the date of issuance, subject to acceleration in the event the Common Shares trade on the Canadian Securities Exchange at or above CAD 1.50 for a period of 20 consecutive trading days. Reported Earnings • Apr 29
Full year 2021 earnings released: US$0.091 loss per share (vs US$0.011 loss in FY 2020) Full year 2021 results: US$0.091 loss per share (down from US$0.011 loss in FY 2020). Revenue: US$21.3m (up 172% from FY 2020). Net loss: US$10.6m (loss widened US$9.47m from FY 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Co-Founder, Chief Revenue Officer & Director Jon Baugher is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 15
POSaBIT Systems Corporation, Annual General Meeting, Jun 14, 2022 POSaBIT Systems Corporation, Annual General Meeting, Jun 14, 2022. Agenda: Annual General and Special Meeting. Announcement • Jan 27
POSaBIT Systems Corporation Revises Revenue Guidance for the Fourth Quarter and Full Year of 2021 POSaBIT Systems Corporation revised revenue guidance for the fourth quarter and full year of 2021. Total revenue for fiscal year 2021 is expected to exceed the high end of the previously provided guidance of $19.0 million to $20.5 million with fourth quarter 2021 revenue expected to exceed third quarter 2021. Reported Earnings • Dec 03
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: US$0.056 loss per share (down from US$0.001 loss in 3Q 2020). Revenue: US$6.36m (up 173% from 3Q 2020). Net loss: US$6.79m (loss widened US$6.69m from 3Q 2020). Revenue was in line with analyst estimates. Recent Insider Transactions Derivative • Nov 05
Director exercised options to buy CA$6.1m worth of stock. On the 29th of October, Michael Apker exercised options to buy 3m shares at a strike price of around CA$0.25, costing a total of CA$821k. This transaction amounted to 50% of their direct individual holding at the time of the trade. Since December 2020, Michael has owned 6.59m shares directly. Company insiders have collectively bought CA$721k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Sep 12
Insider recently bought CA$58k worth of stock On the 10th of September, Alex Sharp bought around 50k shares on-market at roughly CA$1.16 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$99k more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 18
Secretary recently sold CA$145k worth of stock On the 11th of August, Stephen Gledhill sold around 105k shares on-market at roughly CA$1.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$157k more than they bought in the last 12 months. Reported Earnings • Jul 25
Second quarter 2021 earnings released: US$0.008 loss per share (vs US$0.004 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$4.96m (up 232% from 2Q 2020). Net loss: US$878.2k (loss widened 134% from 2Q 2020). Announcement • Jul 24
POSaBIT Systems Corporation Revises Revenue Guidance for Full Year 2021 POSaBIT Systems Corporation revised revenue guidance for full year 2021. For the period, the company revised total Revenue to $17.5 million - $19 million from $14.5 million - $16.0 million. Reported Earnings • May 26
First quarter 2021 earnings released: US$0.005 loss per share (vs US$0.008 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$3.55m (up 276% from 1Q 2020). Net loss: US$514.1k (loss narrowed 7.4% from 1Q 2020). Announcement • May 07
Posabit Systems Corporation Provides Revenue Guidance for the Full Year 2021 POSaBIT Systems Corporation provided revenue guidance for the full year 2021. For the full year 2021, the company expects total revenue in the range of $14.5 million to $16 million. Reported Earnings • May 07
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$7.82m (up 87% from FY 2019). Net loss: US$1.15m (loss narrowed 79% from FY 2019). Announcement • Feb 24
POSaBIT Systems Corporation announced that it expects to receive CAD 2.53 million in funding POSaBIT Systems Corporation (CNSX:PBIT) announced a non-brokered private placement of 11,000,000 units at a price of CAD 0.23 per unit for gross proceeds of CAD 2,530,000 on February 23, 2021. Each unit consists of one common share and 0.3627 share purchase warrant, each whole warrant will entitle the holder to purchase one common share at a price of CAD 0.35 per share for a period of three years. The transaction will include participation from new investors. The securities issued pursuant to the transaction will be subject to a four month hold period in accordance with applicable Canadian securities laws. Announcement • Feb 10
POSaBIT Launches ACH Cannabis Payments for Delivery & In-Store POSaBIT Systems Corporation launched a dynamic, multifaceted ACH payment platform. The POSaBIT ACH payment platform is designed to fit seamlessly into any and all aspects of the cannabis dispensary ecosystem, allowing for in-store, curbside, and delivery payments. After a one-time account set-up, customers can use their POSaBIT ACH account to purchase products at any dispensary on the POSaBIT platform. POSaBIT ACH is a secure, compliant payment solution that allows customers to directly connect their bank accounts for cannabis payments. The solution is point of sale agnostic, integrating with any POS or online menu available in the industry. The unique platform allows for delivery drivers to complete ACH sales without internet connectivity - a necessity in many delivery areas. POSaBIT ACH joins the company’s suite of card payment solutions and their industry-leading point of sale system, providing a host of options for any cannabis dispensary searching for a leg up on the competition. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.21 The company is up 2.0% from its price of CA$0.20 on 10 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 30% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: CA$0.20 The company is up 128% from its price of CA$0.09 on 12 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 2.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: US$0.001 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$2.33m (up 103% from 3Q 2019). Net loss: US$100.5k (loss narrowed 88% from 3Q 2019). Announcement • Sep 30
POSaBIT Systems Corporation Launches Unlimited POS System for Cannabis Dispensaries POSaBIT Systems Corporation has launched a game-changing, all-encompassing suite of products under the umbrella of “POSaBIT Unlimited”. POSaBIT Unlimited includes countertop point of sale hardware (“POSaBIT POS”), handheld point of sale hardware (“The Pocket POS”), the company’s proprietary point of sale software, and a host of card payment options built to satisfy the needs of any cannabis retailer in the country. This new offering comes on the heels of POSaBIT showing massive growth in both their Payments and POS business in 2020, accelerating from break-even to cash-flow positive on the financial side. A major component of POSaBIT Unlimited is the company’s recently launched Pocket POS, a fully-mobile, handheld device that contains all of the features of a countertop point of sale system. These devices combine with a number of card payment options to create a seamless ecosystem within any retailer or dispensary, allowing ordering, fulfillment, and payment to exist within one single, flexible system.