Reported Earnings • Apr 04
Full year 2025 earnings released: US$0.084 loss per share (vs US$0.089 loss in FY 2024) Full year 2025 results: US$0.084 loss per share (improved from US$0.089 loss in FY 2024). Revenue: US$5.74m (up 143% from FY 2024). Net loss: US$9.07m (loss narrowed 2.8% from FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$4.3m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-US$14m). Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.6m net loss next year). Revenue is less than US$5m (US$4.9m revenue). Market cap is less than US$100m (CA$21.3m market cap, or US$15.3m). Announcement • Mar 23
Clip Money Inc., Annual General Meeting, Jun 02, 2026 Clip Money Inc., Annual General Meeting, Jun 02, 2026. New Risk • Mar 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.3m (US$9.03m) 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$4.3m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-US$14m). Market cap is less than US$10m (CA$12.3m market cap, or US$9.03m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$6.7m net loss next year). Revenue is less than US$5m (US$4.9m revenue). New Risk • Nov 21
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$4.3m 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$4.3m free cash flow). Negative equity (-US$14m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Share price has been volatile over the past 3 months (17% average weekly change). Revenue is less than US$5m (US$4.9m revenue). Market cap is less than US$100m (CA$25.8m market cap, or US$18.3m). Reported Earnings • Nov 21
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.027 loss per share (further deteriorated from US$0.023 loss in 3Q 2024). Revenue: US$1.44m (up 175% from 3Q 2024). Net loss: US$2.89m (loss widened 21% from 3Q 2024). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 81% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (up US$2.49m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Aug 08
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 23% 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 Less than 1 year of cash runway based on free cash flow trend (-US$4.8m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-US$10m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$7.2m net loss next year). Revenue is less than US$5m (US$3.0m revenue). Market cap is less than US$100m (CA$20.2m market cap, or US$14.7m). Reported Earnings • May 23
First quarter 2025 earnings released: US$0.022 loss per share (vs US$0.023 loss in 1Q 2024) First quarter 2025 results: US$0.022 loss per share (improved from US$0.023 loss in 1Q 2024). Revenue: US$972.7k (up 225% from 1Q 2024). Net loss: US$2.28m (loss narrowed 4.9% from 1Q 2024). Revenue is forecast to grow 77% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Apr 15
Clip Money Inc., Annual General Meeting, Jun 25, 2025 Clip Money Inc., Annual General Meeting, Jun 25, 2025. Reported Earnings • Apr 01
Full year 2024 earnings released: US$0.089 loss per share (vs US$0.11 loss in FY 2023) Full year 2024 results: US$0.089 loss per share. Revenue: US$2.36m (up 308% from FY 2023). Net loss: US$9.34m (flat on FY 2023). Revenue is forecast to grow 73% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Canada. Announcement • Feb 25
Clip Money Inc. announced that it has received CAD 2.84 million in funding from Cardtronics, Inc. Clip Money Inc. announced a non-brokered private placement to issue unsecured convertible note at principal amount of CAD 2,840,000 for gross proceeds of CAD 2,840,000 on February 24, 2025. The transaction includes participation from returning investor, Cardtronics Inc. The Convertible Note will accrue simple interest at a rate of 13% per annum. The Company will make quarterly cash interest payments in satisfaction of a portion of the interest that accrues on the principal amount of the Convertible Note in the preceding quarter. The principal amount of the Convertible Note outstanding on the Maturity Date plus all accrued and unpaid interest thereon that has not been previously paid in connection with the quarterly interest payments will be due and payable in full on February 24, 2030. The conversion price is CAD 0.55. The Convertible Note is subject to a statutory hold period of four months plus a day from the date hereof in accordance with applicable securities legislation in Canada. On the Maturity Date, payment of all accrued and unpaid interest up to and including the Maturity Date that has not been previously satisfied by way of the quarterly interest payments will be satisfied by the Company, at Cardtronics’ sole discretion, through: (i) a cash payment equal to the entirety of all accrued and unpaid interest up to and including the Maturity Date; (ii) the issuance of a number of Common Shares equal to the entirety of the accrued and unpaid interest up to the Maturity Date divided by the then-prevailing market price of the Common Shares on the TSX Venture Exchange (the “TSXV”), subject to prior written approval of the TSXV; or (iii) a combination of a cash payment and the issuance of Common Shares at the then prevailing market price of the Common Shares on the TSXV, subject to prior written approval of the TSXV. New Risk • Dec 05
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 18% 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 Less than 1 year of cash runway based on free cash flow trend (-US$5.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$6.0m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.3m net loss next year). Revenue is less than US$5m (US$1.6m revenue). Market cap is less than US$100m (CA$27.9m market cap, or US$19.9m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: US$0.023 loss per share (vs US$0.033 loss in 3Q 2023) Third quarter 2024 results: US$0.023 loss per share (improved from US$0.033 loss in 3Q 2023). Revenue: US$521.3k (up 250% from 3Q 2023). Net loss: US$2.38m (loss narrowed 4.2% from 3Q 2023). Board Change • Oct 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Co-Founder,CEO & Director Joe Abou-Arrage is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 18
Clip Money Inc. announced that it has received $2.8 million in funding from Cardtronics, Inc., Peoples Bank Clip Money Inc announced a non-brokered private placement of unsecured convertible notes for gross proceeds of $2,800,000 on September 17, 2024. The transaction includes participation from Peoples Bank and Cardtronics Inc. PeoplesBank subscribed for $2,000,000 and Cardtronics Inc invested $800,000. Each Convertible Note issued under the Financing will be due and payable on the date that is 5 years from the date hereof and will accrue simple interest at a rate of 13% per annum. The Company will make quarterly interest payments in cash in satisfaction of a portion of the interest that has accrued on the principal amount of the Convertible Notes in each quarter. Each quarterly interest payment will be equal to 50% of interest that has accrued onto the principal amount of each Convertible Note in each quarter. On the Maturity Date, payment of the principal amount of each Convertible Note then outstanding will be satisfied, at the holder’s sole discretion, through either cash payment equal to the entirety of the principal amount of the Convertible Note then outstanding, the issuance of that number of common shares of the Company equal to the entirety of the principal amount of the Convertible Note then outstanding divided by $0.242772015 (CAD $0.55), or (iii) a combination of a cash payment and the issuance of Common Shares at the Conversion Price subject to the requirement that at least 50% of the principal amount of a Convertible Note then outstanding must be converted into Common Shares. All securities to be issued in connection with the Financing are subject to a statutory hold period of four months plus a day from the date hereof in accordance with applicable securities legislation in Canada and subject to prior written approval of the TSXV. Announcement • Sep 05
Clip Money Inc. Announces Board of Directors Changes Clip Money Inc. announced that Mr. Jeff Gibson has resigned as a director of the Company effective immediately. Mr. Gibson and has been a key contributor to the Company through his service as a board member for the past two years. The Company also announced the appointment of Mr. Don Layden Jr. to the board of directors of the Company. Mr. Layden has previously served as the Executive Vice President of the Banking, Payments and Network Group at NCR Corporation where he has shown himself to be an exceptional leader with strong strategic vision. Mr. Layden currently also serves as the managing partner of Levy &Enders LLC wherein he offers strategic advice to financial technology companies in all stages of growth including Western Union, ResultsCX and Confidence. In addition to his work with Levy &Enders LLC, Mr. Layden has also served on several private and public company boards, including currently serving as the Executive Chairman of Kasisto, an AI solutions company for banking and finance. The Company is excited to leverage Mr. Laydens guidance and extensive breadth of experience to continue driving the Company forward. Reported Earnings • Sep 01
Second quarter 2024 earnings released: US$0.024 loss per share (vs US$0.034 loss in 2Q 2023) Second quarter 2024 results: US$0.024 loss per share (improved from US$0.034 loss in 2Q 2023). Revenue: US$388.0k (up US$343.0k from 2Q 2023). Net loss: US$2.49m (flat on 2Q 2023). Reported Earnings • Jun 04
First quarter 2024 earnings released: US$0.023 loss per share (vs US$0.034 loss in 1Q 2023) First quarter 2024 results: US$0.023 loss per share (improved from US$0.034 loss in 1Q 2023). Revenue: US$299.2k (up US$267.7k from 1Q 2023). Net loss: US$2.40m (loss narrowed 3.3% from 1Q 2023). Reported Earnings • May 01
Full year 2023 earnings released: US$0.11 loss per share (vs US$0.21 loss in FY 2022) Full year 2023 results: US$0.11 loss per share (improved from US$0.21 loss in FY 2022). Net loss: US$9.32m (loss narrowed 20% from FY 2022). Announcement • Apr 05
Clip Money Inc., Annual General Meeting, Jun 17, 2024 Clip Money Inc., Annual General Meeting, Jun 17, 2024. Announcement • Mar 28
Clip Money Expands Cash Management Suite Through ClipChange Clip Money Inc. has announced the addition of ClipChange to its product suite. The launch of Clip’s new delivery service exemplifies commitment to providing innovative solutions that modernize business cash operations, offering an efficient way for retail businesses to place change orders. ClipChange allows Clip’s business partners to select from pre-packaged values of coins and banknotes and track packages through insured delivery. The initial rollout of ClipChange targeted key deposit customers seeking a convenient coin and banknote delivery service that further eliminated the need for branch visits and armored carriers. Leading Clip customers in the retail and restaurant industries are enjoying Clip's new service, many of whom provided input to the product design. This user-friendly solution is now live and accessible through the Clip dashboard. ClipChange is the third major initiative for the company, following their launch of two deposit channels: ClipDrop, currently available at hundreds of shopping mall locations throughout North America, and ClipATM, expanding deposit access to thousands of existing NCR Atleos cash-deposit ATMs. Recent Insider Transactions • Mar 10
Insider recently sold CA$539k worth of stock On the 6th of March, Daren Trousdell sold around 3m shares on-market at roughly CA$0.18 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$878k more than they bought in the last 12 months. Recent Insider Transactions • Jan 25
Insider recently sold CA$91k worth of stock On the 19th of January, Daren Trousdell sold around 400k shares on-market at roughly CA$0.23 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$103k. Insiders have been net sellers, collectively disposing of CA$381k more than they bought in the last 12 months. Recent Insider Transactions • Dec 22
Insider recently sold CA$103k worth of stock On the 15th of December, Daren Trousdell sold around 414k shares on-market at roughly CA$0.25 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$196k more than they bought in the last 12 months. New Risk • Dec 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$56k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. 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$8.6m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (US$245k revenue). Minor Risks Significant insider selling over the past 3 months (CA$56k sold). Market cap is less than US$100m (CA$29.4m market cap, or US$21.6m). New Risk • Dec 03
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$8.6m 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$8.6m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (US$245k revenue). Minor Risk Market cap is less than US$100m (CA$30.4m market cap, or US$22.6m). Board Change • Dec 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jeff Gibson is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 04
Clip Money Inc. Announces Changes to Board of Directors Clip Money Inc. announced that Mr. Daren Trousdell has resigned as a director of the Company effective immediately. Mr. Trousdell is a co-founder of Clip and has been a key contributor to the Company since its inception, including serving as a board member, chair of the Governance, Human Resources & Compensation Committee and as a member of the Audit Committee. His experience at NCR Atleos in matters of overseeing corporate functions, product development, technology, and delivery of services to customers will be invaluable to the board and the Company. Prior to his current role, Mr. Mackinnon served as Executive Vice President of ATM Group at NCR Banking. The Company is excited to leverage Mr. Mackinnon’s guidance and extensive breadth of experience to continue driving the Company forward. Announcement • Sep 28
Clip Money Inc. announced that it has received funding from NCR Corporation Clip Money Inc. announced that it has raised a round of funding on September 27, 2023. The transaction included participation from new investor, NCR Corporation. New Risk • Sep 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% 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 (24% average weekly change). Negative equity (-US$1.2m). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (US$100k revenue). Minor Risk Market cap is less than US$100m (CA$40.8m market cap, or US$30.3m). Announcement • Sep 24
Clip Money Inc. announced that it has received CAD 14.847557 million in funding from Cardtronics plc and other investors On September 22, 2023, Clip Money Inc closed the transaction. The company has received CAD 14,847,557.26415 in the transaction. The company has issued 28,596,826 common shares at a price of CAD 0.23 per common share for gross proceeds of approximately CAD 6,577,269.98 ($4,900,000) and it also issued secured convertible notes for gross proceeds in the principal amount of CAD 8,270,287.28415 ($6,132,271) in the transaction. The transaction included participation from new investor, Cardtronics plc and other investors. On closing of the Financings, Cardtronics plc acquired ownership or control, directly or indirectly, over an aggregate of 28,596,826 Common Shares at a price of CAD 0.23 for proceeds of CAD 6,577,269.98 and a Convertible Note in the principal amount of CAD 6,845,730 for aggregate proceeds of CAD 13,422,999.98, representing approximately 27.31% of the issued and outstanding Common Shares. The Company obtained disinterested shareholder approval in respect of the creation of a new Control Person by written consent of a majority of the shareholders of the Company. Announcement • Sep 13
Clip Money Inc. announced that it expects to receive CAD 14.95483 million in funding Clip Money Inc has announced a non-brokered private placement and it will receive CAD 14,954,830 ($11,000,000) on September 12, 2023. The company will issue 28,963,900 common shares at a price of CAD 0.23 for gross proceeds of approximately CAD 6,661,697 ($4,900,000) and secured convertible notes for gross proceeds of CAD 8,293,133 ($6,100,000) in the transaction. The lead subscriber under the financings is a strategic investor who will be investing an aggregate amount of CAD 13,595,300 ($10,000,000) across the financings. The remaining CAD 1,359,530 ($1,000,000) will be taken up across the financings by another investor. In connection with the financings, an affiliate of the investor will also be entering into a commercial partnership with the company. The secured convertible notes issued under the convertible notes financing will be due and payable on the date that is 60 months from the date of issuance and will accrue simple interest at a rate of 8% per annum, payable at the maturity date. The convertible notes will be convertible into common shares of the company at any time, in whole or in part, on or prior to the maturity date at the option of the holder, based on the principal amount of the convertible notes being converted divided by a conversion price of CAD 0.26 per common share. No accrued interest shall be paid on any part of the convertible notes that is converted into common shares. The convertible notes will be secured by a first-lien security interest in all of the assets of the company. Closing of the equity financing and the convertible note financing is subject to obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange, as well as shareholder consent. All securities to be issued in connection with the equity financing and the convertible note financing will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. Following completion of the financings, the investor will be a control person of the company. The transaction is expected to close before the end of the month. Reported Earnings • Sep 02
Second quarter 2023 earnings released: US$0.034 loss per share (vs US$0.13 loss in 2Q 2022) Second quarter 2023 results: US$0.034 loss per share (improved from US$0.13 loss in 2Q 2022). Net loss: US$2.51m (loss narrowed 56% from 2Q 2022). Announcement • Aug 29
Clip Money Inc. Appoints Peter Dorsman as Chair Clip Money Inc. announced that, effective immediately, Peter Dorsman has been appointed as the Chair of the Company’s board of directors. Peter will be assuming the role from the Company’s chief executive officer, Joseph Arrage. Peter brings considerable private and public company board experience to the Company, which will be instrumental as the Company continues to further its strategic plans. Announcement • Aug 17
Clip Money Inc. announced that it has received CAD 3.903 million in funding On August 15, 2023, Clip Money Inc., closed the transaction. The company issued 3,903 units at a price of CAD 1,000 per unit for the gross proceeds of CAD 3,903,713.50. Each Note Unit consisted of one 12% unsecured convertible note with a principal amount of CAD 1,000 and 1,000 common share purchase warrants of the company. New Risk • Aug 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 12% 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: Major Risk Revenue is less than US$1m (US$56k revenue). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (CA$22.1m market cap, or US$16.4m). Announcement • Jun 15
Clip Money Inc. announced that it has received CAD 3.903 million in funding On June 14, 2023, Clip Money Inc. closed the transaction. The company issued 3,420 note units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 3,420,000 in the second and final tranche. Each Note Unit consisted of one 12% unsecured convertible note with a principal amount of CAD 1,000 and 1,000 common share purchase warrants. The company has issued aggregate of 3903 Note Units for aggregate gross proceeds of approximately CAD 3,903,713.50. Each Warrant issued under the Private Placement will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.70 for a period of 36 months following the issuance of the Units. The expiry date of the Warrants will be subject to an acceleration right in favor that is exercisable if the common shares of the Company trade at or above a volume-weighted average trading price of CAD1.40 on the TSXV on any 20-consecutive trading days following the closing date of the Private Placement. If the acceleration right is exercised by the Company, the Warrants will expire on the 30th day after the Company issues a press release announcing that it has exercised such acceleration right. Certain insiders of the Company have participated in the Private Placement for approximately 1,107 Note Units. All securities issued in connection with the Private Placement are subject to a four-month and one day hold period in Canada, during which time the securities may not be traded. Reported Earnings • Jun 01
First quarter 2023 earnings released: US$0.034 loss per share (vs US$1.46 loss in 1Q 2022) First quarter 2023 results: US$0.034 loss per share. Net loss: US$2.48m (loss widened 40% from 1Q 2022). Reported Earnings • Apr 29
Full year 2022 earnings released: CA$0.28 loss per share (vs CA$4.52 loss in FY 2021) Full year 2022 results: CA$0.28 loss per share. Net loss: CA$15.8m (loss widened 188% from FY 2021). Announcement • Feb 14
Clip Money Inc. announced that it has received CAD 3.783779 million in funding On February 13, 2023, Clip Money Inc. closed the transaction. The company has issued 3,883,760 units at a price of CAD 0.45 per unit for the gross proceeds of CAD 1,747,692 in the second tranche, the company has issued total 8,408,397 units for gross proceeds of CAD 3,783,778.65 in the transaction. Finder's fees of CAD 30,712.50 were paid in cash on a portion of the second tranche to parties at arm's length to the company. In addition, 68,250 non-transferable warrants were issued to the finders. The finder warrants are exercisable at a price of CAD 0.65 for a period of 36 months following the date hereof. Certain insiders of the company have participated in the private placement for 452,167 units in the aggregate. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jeff Gibson is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 14
Clip Money Inc. announced that it expects to receive CAD 4.1 million in funding Clip Money Inc. announced a non-brokered private placement of up to 9,111,111 units at a price of CAD 0.45 per unit for gross proceeds of up to CAD 4,100,000 on December 13, 2022. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.65 for a period of 36 months following the issuance of the units. The expiry date of the warrants will be subject to an acceleration right in favor of the company that is exercisable if the common shares of the company trade at or above a volume-weighted average trading price of CAD 1.30 on the TSX Venture Exchange on any 10-consecutive trading days following the closing date of the transaction. If the acceleration right is exercised by the company, the warrants will expire on the 30th day after the company issues a press release announcing that it has exercised such acceleration right. The company has agreed to pay the finder a cash commission equal to 7% of the gross proceeds received from the sale of units to Referred Investors and to issue to the finder warrants equal to 7% of the number of units sold to Referred Investors, which finder warrants shall be exercisable at a price of CAD 0.45 for a period of 36 months following issuance of the units to the Referred Investors. Insiders may participate in the transaction and will be considered a related party transaction subject to Multilateral Instrument 61-101. Closing of the transaction is subject to obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued to Canadian investors in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. The transaction is expected to close on or about the week of December 19, 2022. Reported Earnings • Nov 25
Third quarter 2022 earnings released Third quarter 2022 results: CA$0.049 loss per share. Net loss: CA$2.85m (flat on 3Q 2021). Reported Earnings • Sep 01
Second quarter 2022 earnings released Second quarter 2022 results: CA$0.13 loss per share. Net loss: CA$7.17m (flat on 2Q 2021). Reported Earnings • Jun 03
First quarter 2022 earnings released First quarter 2022 results: CA$1.82 loss per share. Net loss: CA$2.22m (flat on 1Q 2021). 
