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PBIT

POSaBIT SystemsCNSX:PBIT Stock Report

Market Cap

CA$203.9m

7D

2.4%

1Y

1,192.3%

Updated

26 Nov, 2021

Data

Company Financials
PBIT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

PBIT Stock Overview

POSaBIT Systems Corporation, a financial technology company, provides block chain-enabled payment processing and point-of-sale systems for cash-only businesses with a focus on the cannabis industry in the United States.

POSaBIT Systems Competitors

Akerna

NasdaqCM:KERN

US$72.2m

Price History & Performance

Summary of all time highs, changes and price drops for POSaBIT Systems
Historical stock prices
Current Share PriceCA$1.68
52 Week HighCA$2.40
52 Week LowCA$0.10
Beta2.61
1 Month Change-16.42%
3 Month Change36.59%
1 Year Change1,192.31%
3 Year Changen/a
5 Year Changen/a
Change since IPO342.11%

Recent News & Updates

Shareholder Returns

PBITCA ITCA Market
7D2.4%-4.0%-1.8%
1Y1,192.3%36.2%22.1%

Return vs Industry: PBIT exceeded the Canadian IT industry which returned 42.4% over the past year.

Return vs Market: PBIT exceeded the Canadian Market which returned 25% over the past year.

Price Volatility

Is PBIT's price volatile compared to industry and market?
PBIT volatility
PBIT Average Weekly Movement14.6%
IT Industry Average Movement10.2%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.5%

Stable Share Price: PBIT is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: PBIT's weekly volatility has decreased from 21% to 14% over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a18Ryan Hamlinhttps://www.posabit.com

POSaBIT Systems Corporation, a financial technology company, provides block chain-enabled payment processing and point-of-sale systems for cash-only businesses with a focus on the cannabis industry in the United States. The company is headquartered in Kirkland, Washington.

POSaBIT Systems Fundamentals Summary

How do POSaBIT Systems's earnings and revenue compare to its market cap?
PBIT fundamental statistics
Market CapUS$159.41m
Earnings (TTM)-US$1.55m
Revenue (TTM)US$13.89m

12.3x

P/S Ratio

-109.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBIT income statement (TTM)
RevenueUS$13.89m
Cost of RevenueUS$10.30m
Gross ProfitUS$3.59m
ExpensesUS$5.14m
Earnings-US$1.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin25.82%
Net Profit Margin-11.18%
Debt/Equity Ratio-9.7%

How did PBIT perform over the long term?

See historical performance and comparison

Valuation

Is POSaBIT Systems undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: PBIT (CA$1.57) is trading above our estimate of fair value (CA$0.44)

Significantly Below Fair Value: PBIT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PBIT is unprofitable, so we can't compare its PE Ratio to the Canadian IT industry average.

PE vs Market: PBIT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBIT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PBIT has negative assets, so we can't compare its PB Ratio to the CA IT industry average.


Future Growth

How is POSaBIT Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.0%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as POSaBIT Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has POSaBIT Systems performed over the past 5 years?

8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBIT is currently unprofitable.

Growing Profit Margin: PBIT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PBIT is unprofitable, but has reduced losses over the past 5 years at a rate of 8.3% per year.

Accelerating Growth: Unable to compare PBIT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PBIT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (35.1%).


Return on Equity

High ROE: PBIT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is POSaBIT Systems's financial position?


Financial Position Analysis

Short Term Liabilities: PBIT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PBIT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PBIT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PBIT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PBIT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PBIT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.9% per year.


Dividend

What is POSaBIT Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PBIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PBIT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PBIT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PBIT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBIT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Ryan Hamlin (51 yo)

2.58yrs

Tenure

Mr. Ryan Hamlin is a Co-Founder of POSaBIT Systems Corporation (formerly known as POSaBIT, Inc.) and serves as its Chief Executive Officer, President and Director since April 5, 2019.


Leadership Team

Experienced Management: PBIT's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: PBIT's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PBIT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.5%.


Top Shareholders

Company Information

POSaBIT Systems Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: POSaBIT Systems Corporation
  • Ticker: PBIT
  • Exchange: CNSX
  • Founded: NaN
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: CA$203.852m
  • Shares outstanding: 129.84m
  • Website: https://www.posabit.com

Number of Employees


Location

  • POSaBIT Systems Corporation
  • 1128 8th Street
  • Kirkland
  • Washington
  • 98033
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:39
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.