Reported Earnings • May 27
First quarter 2026 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 1Q 2025) First quarter 2026 results: CA$0.004 loss per share (further deteriorated from CA$0.002 loss in 1Q 2025). Net loss: CA$4.00m (loss widened 243% from 1Q 2025). Revenue is forecast to grow 93% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Consumer Finance industry in Canada. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
AmeriTrust Financial Technologies Inc., Annual General Meeting, Jun 24, 2026 AmeriTrust Financial Technologies Inc., Annual General Meeting, Jun 24, 2026. New Risk • Apr 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$1.6m revenue, or US$1.2m). Market cap is less than US$100m (CA$50.8m market cap, or US$37.3m). Reported Earnings • Apr 22
Full year 2025 earnings released: CA$0.018 loss per share (vs CA$0.014 profit in FY 2024) Full year 2025 results: CA$0.018 loss per share (down from CA$0.014 profit in FY 2024). Net loss: CA$12.3m (down 298% from profit in FY 2024). Revenue is forecast to grow 87% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Consumer Finance industry in Canada. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
AmeriTrust Financial Launches A Fintech-Driven Lending Platform Designed to Expand Used-Car Leasing for Franchised and Large Independent Dealers Nationwide AmeriTrust Financial announced the launch of a fintech-driven lending platform designed to expand used-car leasing for franchised and large independent dealers nationwide. Backed by institutional investors and a group of giants, the company is scaling rapidly across the continental United States. AmeriTrust is currently the only independent lender that offers used-car leasing at a national level. Dealers can submit a single retail loan application to AmeriTrust and receive side-by-side decisions for both a loan and a lease. AmeriTrust's technology automatically converts the application for lease structuring, helping dealers offer leasing without added paperwork or specialized calculations. Through used-car leasing, dealers can advertise lower monthly payments without extending loan terms. In addition to side-by-side loan and lease decisions, AmeriTrust also offers: Pre-filled contract and title documentation: AmeriTrust automatically pre-fills all contract paperwork, including title applications and other state-specific forms, helping dealers avoid errors that can delay funding, require re-contracting, or even jeopardize the sale. Leases for every type of driver and credit tier: From leases with no mileage and wear-and-tear penalties to options for subprime credit, AmeriTrust offers multiple used-car lease structures designed to approve as many customers as possible. Payment calculators tied to real-time inventory: At no cost, dealers can connect their inventory to AmeriTrust's portal and generate loan and lease payments that reflect actual deal terms, not estimates. While a customer is in-store, dealers can compare vehicles across terms, lease types and credit tiers to find the best fit. Exceptionally fast decisioning and funding: Dealers receive decisions within minutes, and most contracts are funded the same day. Free dealer lease training: AmeriTrust will host Q&A sessions and training resources to help dealers understand the nuances of used-car leasing, so they can present lease options to customers with confidence. In response to this market demand, AmeriTrust Financial attracted investment over the past year from institutional investors and multiple entrepreneurs through its parent company, AmeriTrust Financial Technologies Inc. (TSXV: AMT)(OTCQB: AMTFF)(Frankfurt:1ZVA). AmeriTrust Financial currently operates in 28 states, with plans to expand across the entire continental United States over the next several months. To sign up with AmeriTrust, franchised and large independent dealers should call 1-800-600-6872. Approved dealers can submit loan applications through DealerTrack, RouteOne or AmeriTrust's proprietary portal. Announcement • Jan 16
AmeriTrust Financial Technologies Inc. Appoints John Wimsatt as Chief Investment Officer AmeriTrust Financial Technologies Inc. announced that John Wimsatt has been appointed to the position of Chief Investment Officer, a position that he previously held at ECN Capital Corp. In September 2024, John was appointed as an Advisor to AmeriTrust's Board to assist the Company to identify and secure the formation of additional lease origination funding facilities. With initial lease origination funding now secured with a line of credit with the Bank of Texas, John will utilize his experience and industry-wide contacts to securitize, or sell, the lease contracts to other funding partners including banks, credit unions, insurance companies, and private investment groups. New Risk • Dec 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$1.7m revenue, or US$1.3m). Market cap is less than US$100m (CA$54.2m market cap, or US$39.6m). Reported Earnings • Nov 27
Third quarter 2025 earnings released: CA$0.004 loss per share (vs CA$0 in 3Q 2024) Third quarter 2025 results: CA$0.004 loss per share (further deteriorated from CA$0 in 3Q 2024). Revenue: CA$389.7k (down 24% from 3Q 2024). Net loss: CA$2.99m (down CA$3.05m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Oct 08
AmeriTrust Financial Technologies Inc. announced that it expects to receive CAD 60 million in funding Ameritrust Financial Technologies Inc. has entered into an agreement with Clarus Securities Inc. in connection with a best efforts brokered offering to issue a debenture offering for gross proceeds of CAD 45million and a LIFE offering of CAD 15 million on October 7, 2025. The company is proposing to issue and sell up to 45,000 units of the company at a price of CAD 1,000 per debenture unit for aggregate gross proceeds of up to CAD 45 million. Each debenture unit will consist of one senior unsecured principal amount CAD 1,000 convertible debenture of the company and 10,000 common share purchase warrants of the company. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.15 for a period commencing 60 days following the closing of the offering until 60 months following the closing date. The debentures will mature five years from the closing date and pay interest at 8% per annum from the closing date, payable quarterly in arrears commencing on Dec. 31, 2025. The company is also proposing to issue and sell up to 214,285,714 units of the company at a price of CAD 0.07 per LIFE unit for aggregate gross proceeds of up to CAD 15 million. Each LIFE unit will consist of one common share and one warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 015 during the exercise period, subject to the early acceleration. The closing date of the offering is anticipated to occur on or about Oct. 23, 2025, and is subject to certain conditions and the receipt of applicable regulatory approvals, including approval of the TSX-V. Reported Earnings • Aug 27
Second quarter 2025 earnings released: CA$0.005 loss per share (vs CA$0.002 profit in 2Q 2024) Second quarter 2025 results: CA$0.005 loss per share (down from CA$0.002 profit in 2Q 2024). Net loss: CA$3.05m (down CA$3.62m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jul 02
AmeriTrust Financial Technologies Inc., Annual General Meeting, Aug 20, 2025 AmeriTrust Financial Technologies Inc., Annual General Meeting, Aug 20, 2025. Reported Earnings • May 21
First quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.005 loss in 1Q 2024) First quarter 2025 results: CA$0.002 loss per share (improved from CA$0.005 loss in 1Q 2024). Net loss: CA$1.17m (loss narrowed 20% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 14
Full year 2024 earnings released: EPS: CA$0.014 (vs CA$0.07 loss in FY 2023) Full year 2024 results: EPS: CA$0.014 (up from CA$0.07 loss in FY 2023). Net income: CA$6.19m (up CA$27.0m from FY 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 05
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 48% to CA$0.055. The fair value is estimated to be CA$0.081, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 76% over the last 3 years. Earnings per share has grown by 24%. Buy Or Sell Opportunity • Feb 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 56% to CA$0.06. The fair value is estimated to be CA$0.079, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 76% over the last 3 years. Earnings per share has grown by 24%. Buy Or Sell Opportunity • Jan 02
Now 42% overvalued Over the last 90 days, the stock has fallen 3.8% to CA$0.13. The fair value is estimated to be CA$0.088, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 76% over the last 3 years. Earnings per share has grown by 24%. Buy Or Sell Opportunity • Dec 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to CA$0.11. The fair value is estimated to be CA$0.088, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 76% over the last 3 years. Earnings per share has grown by 24%. Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: CA$0 (vs CA$0.006 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0 (improved from CA$0.006 loss in 3Q 2023). Revenue: CA$514.1k (down 7.4% from 3Q 2023). Net income: CA$61.6k (up CA$1.85m from 3Q 2023). Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Nov 19
AmeriTrust Financial Technologies Inc. Announces Appointment of Troy Hocker to the Position of Chief Revenue Officer AmeriTrust Financial Technologies Inc. announce the appointment of Troy Hocker to the position of Chief Revenue Officer. Troy is a seasoned automotive finance executive with over 20 years of industry experience at the largest direct to consumer leasing company in the country. During his tenure he helped develop and implement highly successful training programs, laying the foundation for future growth. Troy played a pivotal role in the company becoming a billion-dollar enterprise. Buy Or Sell Opportunity • Oct 21
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 240% to CA$0.17. The fair value is estimated to be CA$0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Earnings per share has grown by 11%. Announcement • Oct 03
Powerband Solutions Inc. announced that it has received CAD 10.8845 million in funding from Jpk Capital Holdings (Barbados) Inc On October 02, 2024,Powerband Solutions Inc closed the transaction. The company issued 217,410,000 common shares at a price of CAD 0.05 per common shares at a price of CAD 10,870,500. JPK Capital Holdings (Barbados) Inc. announces that it has acquired 25,000,000 common shares in a private placement.Canaccord Genuity Corp., PowerOne Capital Markets Limited, Research Capital Corporation, Clarus Securities Inc. and RBC Dominion Securities Buy Or Sell Opportunity • Sep 27
Now 22% undervalued Over the last 90 days, the stock has risen 54% to CA$0.10. The fair value is estimated to be CA$0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Earnings per share has grown by 11%. Announcement • Sep 03
Powerband Solutions Inc. announced that it expects to receive CAD 10 million in funding Powerband Solutions Inc. announced a non-brokered private placement of up to 200,000,000 common shares of the company at a price of CAD 0.05 per common shares at a price of CAD 10,000,000 on September 3, 2024. The also announces that Wimsatt, along with insiders, management and existing shareholders, have indicated that they will be participating in the offering. The Company also reserved the right, in its sole discretion, to increase the Offering size by up to CAD 2,000,000 based on market demand. Closing of the Offering is subject to customary closing conditions, including acceptance of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering will be subject to applicable statutory hold periods. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CA$0.002 (vs CA$0.035 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0.002 (up from CA$0.035 loss in 2Q 2023). Revenue: CA$542.2k (up 9.0% from 2Q 2023). Net income: CA$572.0k (up CA$11.1m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$15m). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$2.7m revenue, or US$1.9m). Market cap is less than US$100m (CA$22.5m market cap, or US$16.2m). Announcement • Jul 22
Powerband Solutions Inc., Annual General Meeting, Sep 18, 2024 Powerband Solutions Inc., Annual General Meeting, Sep 18, 2024. New Risk • Jun 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 88% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$15m). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$2.7m revenue, or US$1.9m). Market cap is less than US$100m (CA$30.9m market cap, or US$22.6m). Announcement • Jun 21
Powerband Solutions Inc. announced that it has received CAD 2.197 million in funding On June 21, 2024, Powerband Solutions Inc., closed the transaction. The company issued 77,133,330 common shares at a price of CAD 0.015 per share for the gross proceeds of CAD 1,157,000 in its second tranche closing. All securities issued in connection with the Second Tranche are subject to applicable statutory hold periods. Reported Earnings • Jun 17
Full year 2023 earnings released: CA$0.07 loss per share (vs CA$0.11 loss in FY 2022) Full year 2023 results: CA$0.07 loss per share (improved from CA$0.11 loss in FY 2022). Revenue: CA$2.87m (down 78% from FY 2022). Net loss: CA$20.8m (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Announcement • May 15
PowerBand Announces Board and Executive Changes PowerBand Solutions announced the appointment of Kris Gaerlan to the Company's Board of Directors. Kris Gaerlan is an experienced executive and is known as a respected leader in the automotive industry. As President of Dallas Lease Returns, Kris has been responsible for innovating the dealership customer experience that has earned the company seven consecutive DealerRater Dealer of the Year awards, including Used Car Dealer of the Year for the entire United States in both 2023 and 2024. Kris also serves as an advisor on the National Dealer Council of Capital One Auto Finance. The Company also announces that Darrin Swenson has resigned from the Board of Directors of PowerBand, effective immediately. Further, Bryan Hunt has stepped down as Chairman of the Board of Directors and will remain as a director. Jeff Morgan has been appointed Chairman. The Company is also pleased to announce several significant senior management appointments: Xia Zhang has returned to the company and has been appointed as PowerBand's Chief Technology Officer. Xia was the original software architect of the used car leasing and loan origination platform for MUSA Auto Finance, which PowerBand acquired its initial 60% interest in 2019. Blake Kirk has been promoted to the position of Chief Operating Officer for the Company. Blake was previously VP of Servicing for Drivrz Financial. Sean Severin has been appointed Chief Information Officer for PowerBand, moving from his previous role of CTO. New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (73% average weekly change). Negative equity (-CA$8.4m). Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (CA$3.6m revenue, or US$2.6m). Market cap is less than US$100m (CA$16.6m market cap, or US$12.1m). Announcement • Dec 28
PowerBand Solutions, Inc. Appoints Shibu Abraham to its Board of Directors PowerBand Solutions Inc. announced that it has appointed Shibu Abraham, the Company's CFO, to the Company's board of directors. The board of directors is now comprised of Bryan Hunt, a non-executive director, and two officers, Darrin Swenson, CEO and Shibu Abraham, CFO. Announcement • Dec 19
PowerBand Solutions Inc. Announces Resignation of Directors PowerBand Solutions announced that board of directors Co-Chairman, Joe Poulin, board member and audit committee member, Vassilis Stachtos and board member and chair of the audit committee, Jerome Letter, have resigned from the board of directors of PowerBand, effective immediately. Presently the Company has two members of the board of directors. The Company has commenced a process to fill the board vacancies as soon as practicable. Announcement • Dec 15
Powerband Solutions Inc. Elects Joe Poulin as Directors PowerBand Solutions Inc. at its AGM held on December 13, 2023 elected Joe Poulin as Directors. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.006 loss per share (vs CA$0.012 loss in 3Q 2022) Third quarter 2023 results: CA$0.006 loss per share (improved from CA$0.012 loss in 3Q 2022). Revenue: CA$555.4k (down 73% from 3Q 2022). Net loss: CA$1.79m (loss narrowed 50% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Announcement • Nov 11
PowerBand Solutions Inc. Announces Resignation of Geoffrey Belsher as Board Member and Audit Committee Member PowerBand Solutions announced that Board member and audit committee member, Geoffrey Belsher has taken on new responsibilities with another corporate entity, and as a result Mr. Belsher has resigned from the board of directors of PowerBand. Announcement • Oct 07
PowerBand Solutions Inc., Annual General Meeting, Dec 13, 2023 PowerBand Solutions Inc., Annual General Meeting, Dec 13, 2023. Reported Earnings • Sep 03
Second quarter 2023 earnings released: CA$0.035 loss per share (vs CA$0.04 loss in 2Q 2022) Second quarter 2023 results: CA$0.035 loss per share. Revenue: CA$497.5k (down 88% from 2Q 2022). Net loss: CA$10.5m (loss widened 24% from 2Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Consumer Finance industry in Canada. Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.011 loss per share (vs CA$0.03 loss in 1Q 2022) First quarter 2023 results: CA$0.011 loss per share (improved from CA$0.03 loss in 1Q 2022). Revenue: CA$838.7k (down 86% from 1Q 2022). Net loss: CA$3.15m (loss narrowed 47% from 1Q 2022). Revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in Canada are expected to grow by 20%. 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 50% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 01
Full year 2022 earnings released: CA$0.11 loss per share (vs CA$0.085 loss in FY 2021) Full year 2022 results: CA$0.11 loss per share (further deteriorated from CA$0.085 loss in FY 2021). Revenue: CA$12.8m (down 47% from FY 2021). Net loss: CA$27.4m (loss widened 83% from FY 2021). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Consumer Finance industry in Canada. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.012 loss per share (vs CA$0.012 loss in 3Q 2021) Third quarter 2022 results: CA$0.012 loss per share (in line with 3Q 2021). Revenue: CA$2.07m (down 78% from 3Q 2021). Net loss: CA$3.56m (loss widened 62% from 3Q 2021). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Online Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target decreased to CA$0.40 Down from CA$0.50, the current price target is provided by 1 analyst. New target price is 371% above last closing price of CA$0.085. Stock is down 90% over the past year. The company posted a net loss per share of CA$0.085 last year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Steven Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Sep 16
Powerband Solutions Inc. Approves Election of Director PowerBand Solutions Inc. at its Annual General and Special Meeting of Shareholders held on September 14, 2022 approved the election of Joe Poulin, Geoffrey Belsher, Jerome Letter and Vassilis Stachtos as Director. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.04 loss per share (vs CA$0.01 loss in 2Q 2021) Second quarter 2022 results: CA$0.04 loss per share (down from CA$0.01 loss in 2Q 2021). Revenue: CA$4.14m (down 6.1% from 2Q 2021). Net loss: CA$8.43m (loss widened 408% from 2Q 2021). Over the next year, revenue is forecast to grow 66%, compared to a 17% growth forecast for the Online Retail industry in Canada. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Aug 19
PowerBand Solutions Inc., Annual General Meeting, Sep 14, 2022 PowerBand Solutions Inc., Annual General Meeting, Sep 14, 2022, at 11:00 Eastern Daylight. Agenda: To receive the audited consolidated financial statements of the Company for the year ended December 31, 2021 and the auditor's report thereon; to consider and set the number of directors for the ensuring year at six; to elect the directors for the ensuing year; to appoint auditors for the ensuing year and to authorize the directors to fix the auditor's remuneration; and to discuss other matters. Announcement • Jul 15
PowerBand Solutions Inc. announced that it has received CAD 23.806308 million in funding from Jpk Capital Holdings (Barbados) Inc, Insurance Corporation of Barbados Limited, and other investors On July 15, 2022, PowerBand Solutions Inc. closed the transaction. The company issued 17,316,801 units in its second and final tranche. The transaction involved participation from Jpk Capital Holdings (Barbados) Inc for 15,220,301 units, and Insurance Corporation of Barbados Limited for 2,096,500 units. Joe Poulin participated through Jpk Capital Holdings (Barbados) Inc, and Insurance Corporation of Barbados Limited in the transaction. Reported Earnings • Jun 01
First quarter 2022 earnings released: CA$0.03 loss per share (vs CA$0.013 loss in 1Q 2021) First quarter 2022 results: CA$0.03 loss per share (down from CA$0.013 loss in 1Q 2021). Revenue: CA$6.15m (up 144% from 1Q 2021). Net loss: CA$5.94m (loss widened 196% from 1Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 18% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Announcement • May 12
PowerBand Solutions Inc. announced that it expects to receive CAD 25.764 million in funding from JPK Capital and another investor PowerBand Solutions Inc. announced a private placement of 85,880,000 units at a price of CAD 0.30 per unit for gross proceeds of approximately CAD 25,764,000 on May 10, 2022. Each Unit will consist of one common share in the company and one common share purchase warrant. Each warrant will be exercisable for one common share at an exercise price of CAD 0.40 for a period of 60 months following the closing date. The transaction is expected to close on or about May 20, 2022 and is subject to customary conditions including, but not limited to, conditional acceptance of the TSX Venture Exchange. The company may pay finder's fees or commissions in connection with the transaction in accordance with the policies of the TSXV. The securities issued pursuant to the private placement will be subject to a four-month hold period from the closing date. The transaction will include participation from JPK Capital and an investment vehicle controlled by J. Bryan Hunt Jr. Reported Earnings • May 03
Full year 2021 earnings released: CA$0.085 loss per share (vs CA$0.085 loss in FY 2020) Full year 2021 results: CA$0.085 loss per share (vs CA$0.085 loss in FY 2020). Revenue: CA$23.9m (up CA$20.9m from FY 2020). Net loss: CA$15.0m (loss widened 50% from FY 2020). Over the next year, revenue is forecast to grow 127%, compared to a 43% growth forecast for the retail industry in Canada. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Bill Butler was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
PowerBand Solutions Inc. Announces Board Changes PowerBand Solutions Inc. announced that Board member and audit committee member, Ivan Buzbuzian is resigning from the Board for personal reasons effective immediately. Andrea Parliament will assume his role on the audit committee and the Company will actively pursue a replacement. Announcement • Apr 15
PowerBand Solutions Inc., Annual General Meeting, Jun 15, 2022 PowerBand Solutions Inc., Annual General Meeting, Jun 15, 2022. Recent Insider Transactions • Apr 14
Insider recently sold CA$78k worth of stock On the 5th of April, Bruce Polkes sold around 135k shares on-market at roughly CA$0.58 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$569k more than they sold in the last 12 months. Recent Insider Transactions • Mar 18
Founder recently bought CA$89k worth of stock On the 15th of March, Kelly Jennings bought around 143k shares on-market at roughly CA$0.62 per share. In the last 3 months, they made an even bigger purchase worth CA$100k. Kelly has been a buyer over the last 12 months, purchasing a net total of CA$415k worth in shares. Recent Insider Transactions Derivative • Mar 12
Insider exercised options to buy CA$325k worth of stock. On the 9th of March, Jon Lamb exercised options to buy 500k shares at a strike price of around CA$0.22, costing a total of CA$110k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since June 2021, Jon's direct individual holding has increased from 3.70m shares to 4.07m. Company insiders have collectively bought CA$570k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Feb 10
Founder recently bought CA$100k worth of stock On the 7th of February, Kelly Jennings bought around 159k shares on-market at roughly CA$0.63 per share. This was the largest purchase by an insider in the last 3 months. Kelly has been a buyer over the last 12 months, purchasing a net total of CA$326k worth in shares. Recent Insider Transactions • Dec 22
Insider recently bought CA$70k worth of stock On the 20th of December, Jon Lamb bought around 100k shares on-market at roughly CA$0.70 per share. In the last 3 months, there was an even bigger purchase from another insider worth CA$101k. Insiders have collectively bought CA$75k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: CA$0.012 loss per share (vs CA$0.018 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: CA$9.24m (up CA$8.66m from 3Q 2020). Net loss: CA$2.20m (loss widened 7.8% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.015 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$4.71m (up CA$4.31m from 2Q 2020). Net loss: CA$1.66m (loss narrowed 1.1% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 16
PowerBand Solutions Inc. announced that it expects to receive CAD 12.000028 million in funding PowerBand Solutions Inc. (TSXV:PBX) announced a best efforts private placement of up to 17,647,100 common shares at a issue price of CAD 0.60 per share for gross proceeds of up to CAD 12,000,028 on June 15, 2021. All securities issued in the transaction are subject to a hold period of four months. The transaction is subject to the approval of TSX Venture Exchange. The expected closing date is on or about July 8, 2021. If the agents’ option is exercised in full, the total gross proceeds of the transaction would be approximately CAD 13,800,032. The securities will be sold in each of the provinces and territories of Canada. Announcement • Jun 09
PowerBand Solutions Inc. Provides Earnings Guidance for the Second Quarter of 2021 and Sales Guidance for the Month of June 2021 PowerBand Solutions Inc. provided earnings guidance for the year 2021. The company expects to achieve profitability in second half 2021.
Sales growth in June 2021 and subsequent months is expected to accelerate. Reported Earnings • May 27
First quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.019 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: CA$2.89m (up 370% from 1Q 2020). Net loss: CA$2.01m (loss narrowed 1.0% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
Full year 2020 earnings released: CA$0.085 loss per share (vs CA$0.088 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CA$3.03m (up 52% from FY 2019). Net loss: CA$9.97m (loss widened 42% from FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 03
Independent Director recently sold CA$97k worth of stock On the 30th of March, Ivan Buzbuzian sold around 100k shares on-market at roughly CA$0.97 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$84k more than they bought in the last 12 months. Announcement • Mar 13
Powerband, Allianz Partners and D&P Holdings Inc. Enter into Memorandum of Understanding to Take Steps Toward Joining the Drivrz Platform PowerBand Solutions Inc. has entered into a Memorandum of Understanding ("MOU") with Allianz Partners to sell automotive specialty insurance products on the DRIVRZ virtual transaction platform. The non-binding MOU allows Powerband, its partner D&P Holdings Inc. and Allianz Partners to market a wide range of Finance & Insurance products at the start of the second quarter of 2021 for the U.S. and Canadian markets. The companies will initially seek out opportunities in North America to expanding lease financing facilities, with an emphasis on electric vehicles (EVs). The intention is to expand offerings globally, through DRIVRZ. DRIVRZ is a virtual marketplace that allows drivers and automotive dealers to buy, lease, sell and trade electric and non-electric vehicles from any digital device, from any location. DRIVRZ has access to 4.5 million vehicles available for sale or lease, as well as millions of consumers and thousands of automotive dealers, through its partnerships. Allianz Partners, D&P Holdings and PowerBand intend to cooperate on offering automotive specialty insurance and related products and services with a focus on EV, passenger cars, light commercial vehicles, trucks and motorbikes. Products included in the MOU target: automotive manufacturing; direct and indirect commercial and consumer lending and leasing; consumer-to-consumer vehicle transactions; dealership business; auctions; importer business; including our non-OEM business partners. Is New 90 Day High Low • Mar 02
New 90-day high: CA$0.93 The company is up 365% from its price of CA$0.20 on 01 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 32% over the same period. Announcement • Feb 11
PowerBand Solutions Inc. announced that it has received CAD 5.3 million in funding On February 10, 2021, PowerBand Solutions Inc. (TSXV:PBX) closed the transaction. Cash finders’ fees of CAD 92,802.52 were paid to arm’s length finders. In addition, 320,009 compensation warrants were issued. Is New 90 Day High Low • Feb 11
New 90-day high: CA$0.69 The company is up 176% from its price of CA$0.25 on 12 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 44% over the same period. Announcement • Jan 23
PowerBand Solutions Inc. announced that it expects to receive CAD 5.3 million in funding PowerBand Solutions Inc. (TSXV:PBX) announced a non-brokered private placement of up to 18,275,862 units at a price of CAD 0.29 per unit for gross proceeds of up to CAD 5,300,000 on January 22, 2021. Each unit will consist of one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one common share of the company at an exercise price of CAD 0.49 per share for a period of 24 months from the date of issuance. The cash finders’ fees of up to 5% of the gross proceeds raised may be paid to arm’s length finders. The qualified registrants may be issued compensation warrants exercisable for that number of common shares of the company equal in number to 5% of the number of units sold. The finder warrants will be exercisable at a price of CAD 0.49 per common share for a period of 24 months after their date of issuance. The transaction is expected to close in tranches over the next two weeks. The securities to be issued in the transaction will be subject to a four-month and one day hold period. The company has received conditional approval from the TSX Venture Exchange. Is New 90 Day High Low • Jan 19
New 90-day high: CA$0.61 The company is up 221% from its price of CA$0.19 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 37% over the same period. Announcement • Jan 13
PowerBand Solutions Inc. Hires Jon Lamb to Serve as President of North American Operations PowerBand Solutions Inc. announced the appointment of Jon Lamb to one of the company's top executive leadership roles as President of North American Operations. Mr. Lamb has founded and served as CEO and President of numerous successful business entities. He is also a patent author and mission-driven investor. Jon is an active board member and advisor to multiple ad tech and fintech organizations. Jon consults to automotive retailers, OEMs, digital marketplaces, and fintech start-ups through his private equity and advisory firm in Miami. Jon is a proven executive and entrepreneur with multiple successful exits in the automotive and marketing industries. He served in CEO and President roles with Brickell.IO, Privatized Capital, Hundy Inc, Transparent AI and Visible Customer. Jon also has a distinguished record for military service in the United States Navy as a high-tech, weaponry specialist on nuclear submarines. Announcement • Jan 06
PowerBand Solutions Inc. Appoints Steve Waller as Executive Vice President of Finance and Strategy, North American Operations PowerBand Solutions Inc. announced the appointment of Steve Waller as Executive Vice President of Finance and Strategy, North American Operations. Mr. Waller provides Senior Level Executive experience and expertise in the automotive public and private retail sector and the banking and finance industry. For the last 2 years he worked with Partner, D&P Holdings Inc. as Vice President of Strategic Investments and he understands PowerBand Solutions operations extremely well. Prior to entering the business world, Mr. Waller proudly served in the United States Marine Corp. Announcement • Jan 05
PowerBand Solutions Inc. Appoints Shibu Abraham as Chief Financial Officer PowerBand Solutions Inc. announced the appointment of Mr. Shibu Abraham CPA as Chief Financial Officer. Mr. Abraham has over 25 years of accounting and financial management experience for various private and publicly traded companies listed on stock exchanges in both Canada and the United States. His diverse work background includes assignments as audit partner of several Canadian listed issuers as well as serving in senior executive positions, where he was involved in international M&A, initial listings on the stock exchange, financing as well as restructuring. He was most recently Chief Financial Officer of a Fintech company where he led the restructuring of the company’s International M&A and expansion efforts. Is New 90 Day High Low • Dec 31
New 90-day high: CA$0.28 The company is up 28% from its price of CA$0.21 on 01 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 31% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: CA$0.018 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: CA$576.7k (up 25% from 3Q 2019). Net loss: CA$2.04m (loss widened 16% from 3Q 2019). Announcement • Nov 06
PowerBand Solutions Inc. (TSXV:PBX) signed a letter of intent to acquire 15% stake in CB Auto Group, Inc. PowerBand Solutions Inc. (TSXV:PBX) signed a letter of intent to acquire 15% stake in CB Auto Group, Inc. on November 4, 2020. The cash purchase price for the shares is $5 million. A $0.05 million down payment is being made in connection with the execution of the letter of intent, following which $2 million (minus the deposit) of the cash purchase price is to be paid upon closing of the transaction, a second cash payment of $1.5 million will be paid on March 31, 2021, and a third and final payment of $1.5 million will be paid on June 30, 2021. The Company will also issue 0.75 million share purchase warrants entitling CB Auto to acquire common shares of PowerBand Solutions. 0.3 million of the warrants have an exercise price of $0.22773 (CAD 0.30) and will issued upon closing, 0.225, warrants will be issued on March 31, 2021, and the final 0.225 million warrants will be issued on June 30, 2021. The exercise price for the second and third tranche of issued warrants will be based on PowerBand Solutions’s market price according to TSX Venture Exchange (“TSXV”) policies at the time of issuance. All of the warrants will have a term of 36 months from the closing date. Any common shares of PowerBand Solutions issued from the exercise of the warrants will be subject to a four-month hold period, which will expire on the date that is four months and one day from the date of issuance of the warrants. The issuance of the warrants will be subject to the approval of the TSXV. In addition, PowerBand Solutions will be granted an 18 month option to purchase up to an additional 15% of the Shares of CB Auto based on a valuation of CB Auto $40 million and dependent on certain other performance criteria as determined in the definitive agreement to be entered into. The completion of the transactions described herein are subject to the negotiating and entering into of definitive legal documentation, and the satisfaction of conditions precedent. There can be no guarantees that the acquisition will be completed.