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
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.68|
|52 Week High||CA$2.40|
|52 Week Low||CA$0.10|
|1 Month Change||-16.42%|
|3 Month Change||36.59%|
|1 Year Change||1,192.31%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||342.11%|
Recent News & Updates
|PBIT||CA IT||CA Market|
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.
|PBIT Average Weekly Movement||14.6%|
|IT Industry Average Movement||10.2%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.2%|
|10% least volatile stocks in CA Market||3.5%|
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
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
|PBIT fundamental statistics|
Is PBIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PBIT income statement (TTM)|
|Cost of Revenue||US$10.30m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.012|
|Net Profit Margin||-11.18%|
How did PBIT perform over the long term?See historical performance and comparison
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.
How is POSaBIT Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has POSaBIT Systems performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ryan Hamlin (51 yo)
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.
Experienced Management: PBIT's management team is considered experienced (2.6 years average tenure).
Experienced Board: PBIT's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.5%.
POSaBIT Systems Corporation's employee growth, exchange listings and data sources
- 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
- POSaBIT Systems Corporation
- 1128 8th Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/26 23:39|
|End of Day Share Price||2021/11/26 00:00|
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.