Announcement • Sep 23
Hello Pal International Inc. Provides Corporate Update Regarding Operations in China Hello Pal International Inc. announced that it is no longer earning revenues in China due to regulatory changes. There were recent changes in the Chinese regulations, which affected the Company's ability to provide Chinese users with certain types of virtual gifts, specifically, those that provided a lottery-style reward of gold coins. This type of gift has been a huge attraction for many Chinese users, and the withdrawal of these gifts caused a huge decline in the Company's livestreaming revenue. As such, the Company has decided to terminate its livestreaming business in China since it was no longer profitable. This change in regulation had the same effect on other business competitors, causing them to terminate their Chinese operations as well. The Company's overseas livestreaming business is not affected by these new regulations in China. Nevertheless, the Company is exploring the opportunity to start a new livestreaming app that is targeted towards the middle eastern market. The Company's cryptocurrency mining operations remains stable and is sufficient to cover the Company's loss after the recent changes in the Company's business operations in China. Announcement • Jul 09
Hello Pal International Inc., Annual General Meeting, Sep 08, 2022 Hello Pal International Inc., Annual General Meeting, Sep 08, 2022. Announcement • Jun 22
Hello Pal International Inc. Announces One-On-One Live Chat App to Have Full Launch in July Hello Pal International Inc. announced promising results from the soft launch of its one-on-one video chatting platform, DoggeChat. DoggeChat soft launched on Google Play May 6th earlier this year. The soft launch opened the app to a small group of geographically segmented users for the purposes of marketing and technical adjustments. The soft launch has experienced a successful response, with over 76,000 registered users so far, presently growing at approximately 5%day on day. DoggeChat, which allows users to purchase chat time using fiat currency, is intended to serve as the precursor to DogeChat, which will primarily accept cryptocurrency for payment and is part of the Companies broader plan to bring cryptocurrency usage to the masses. The full launch of DoggeChat scheduled for July 6th will see the full integrated marketing communications strategy implemented alongside final tweaks to the platform. Breakeven Date Change • Apr 27
No longer forecast to breakeven The analyst covering Hello Pal International no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$1.31m in 2023. New forecast suggests the company will make a loss of CA$1.08m in 2023. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director James Liang 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 27
Hello Pal International Inc. Announces Soft-Launch of New Video Chat App Hello Pal International Inc. announced the soft-launch of DoggeChat, a 1-on-1 video chatting app. The DoggeChat app represents the first of two 1-on-1 video chatting apps announced earlier by the Company. The app is aimed at the English-speaking market (especially North America), and allows users to match themselves with other individual users from across the globe to engage in 1-on-1 video calls. Calls are made for free under restricted circumstances, beyond which the call initiator pays for calls on a per-minute basis, and the call receiver receives a proportion of that payment. Users may also become monthly subscribers to experience VIP privileges. The invite-only soft launch will focus on ensuring that unforeseen issues are given the opportunity to be resolved prior to the full launch. The demographic for the soft launch has been curated from a pool of English-speaking users of varying geographies, allowing simultaneous testing of both the platform's engineering, and user experience design across the various English-speaking markets. The full launch of DoggeChat is expected to occur in the following weeks, with the launch of its cryptocurrency-based sister app, DogeChat, to follow shortly thereafter. To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks, visit the IOS or Android store. Announcement • Apr 22
Hello Pal International Inc. Announces Plans to Launch New Video Chat Apps Hello Pal International Inc. announced its plan to launch two 1-on-1 video chatting apps: DogeChat and DoggeChat. The two apps are 1-on-1 video chatting apps that will be focused on English-speaking markets, especially North America, and will allow users to match with and video chat with other individual users from across the globe, with calls charged on a per-minute basis and paid by the call initiator to the call receiver. The key difference between DogeChat and DoggeChat is that payments in the former will be made in Dogecoin and other cryptocurrencies, whereas payments in the latter will be in fiat currencies made through the Apple Appstore and Google Play Store. The plan is that DoggeChat will launch first, followed by DogeChat at a later date. Both apps will share in the same user pool, and upon the launch of DogeChat, regular users of DoggeChat will be incentivized in various ways to switch to DogeChat. The launch of DoggeChat and DogeChat represents the Company's market expansion into the burgeoning 1-on-1 video chatting space, as well as its foray into the North American market. More significantly, it also represents the company's plan to start incorporating cryptocurrency payments into its social and livestreaming businesses. Breakeven Date Change • Mar 06
No longer forecast to breakeven The analyst covering Hello Pal International no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$10.2m in 2023. New forecast suggests the company will make a loss of CA$1.08m in 2023. Announcement • Feb 24
Hello Pal Appoints Sean Prescott as Advisor Hello Pal International Inc. announced that it has appointed Sean Prescott as an advisor of Hello Pal. Mr. Prescott is the founder and executive chairman of UniCrypt and has over two decades of experience in the enterprise information technology & banking industry. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: CA$0.003 loss per share (up from CA$0.007 loss in 3Q 2021). Revenue: CA$4.39m (down 1.3% from 3Q 2021). Net loss: CA$459.2k (loss narrowed 45% from 3Q 2021). Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 67%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Second quarter 2022 earnings released: CA$0.017 loss per share (vs CA$0.003 loss in 2Q 2021) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2022 results: Revenue: CA$6.23m (up 104% from 2Q 2021). Net loss: CA$2.85m (loss widened CA$2.50m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 99% per year, which means it is well ahead of earnings. Announcement • Jul 20
Hello Pal International Inc. Announces Update on Crypto Pal App and Current Mining Operations Hello Pal International Inc. provided an update on the much-anticipated Crypto Pal app and its Litecoin and Dogecoin mining operations. Approximately one-third of the company's LTC miners are operating in various locations via clean renewable hydro power. Due to current seasonality advantages, there is currently excess power not being consumed, nor sent to a grid. The Company will continue to scale up mining operations with the assistance from Yitang in various locations that offer similar economics both in China and other international locations. The Mining Operations' current gross profit margin is 73%. For additional information on current mining operations please refer to previous News Release on July 12th. The acquisition of Crypto Pal was struck against a Dogecoin price of $0.055 USD and currently provides a strong margin via coin generation. The Crypto Pal app has been in development by the Hello Pal team in Hangzhou, and is expected to launch soon in the coming months, upon the expectation that the Mining Operations will reach its intended near-full capacity by next month. Crypto Pal will be a stand-alone app that serves to enhance the Livestreaming service and entire Hello Pal Platform. Crypto Pal's most fundamental feature will be its digital wallet which the Company expects will facilitate the first cryptocurrency experience by most of its users. Apart from occasional promotional activities and airdrops of Dogecoin, the Company will allow users to earn Dogecoin and other cryptocurrencies through user activities that increase user-to-user interaction as well as user retention and time spent on the platform. Depending on how cryptocurrency mining regulations evolve in the relevant parts of the world, Crypto Pal is also expected to eventually give an opportunity to users to participate in cryptocurrency mining too. Reported Earnings • Jul 01
Full year 2021 earnings released: CA$0.033 loss per share (vs CA$0.051 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: CA$16.0m (up CA$14.9m from FY 2020). Net loss: CA$3.60m (loss narrowed 2.6% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • May 13
Hello Pal International Inc. announced that it has received CAD 7.25 million in funding On May 12, 2021, Hello Pal International Inc. (CNSX:HP) closed the transaction. The company issued 5,800,000 subscription receipts for gross proceeds of CAD 7,250,000. The securities issued are subject to a statutory hold period of four months and one day, expiring on September 13, 2021. Recent Insider Transactions • Mar 06
CFO & Director recently sold €119k worth of stock On the 3rd of March, Axel Gunther Roehlig sold around 125k shares on-market at roughly €0.95 per share. This was the largest sale by an insider in the last 3 months. Axel Gunther has been a seller over the last 12 months, reducing personal holdings by €255k. Is New 90 Day High Low • Mar 02
New 90-day high: €0.63 The company is up 438% from its price of €0.12 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Announcement • Feb 24
Hello Pal International Inc. announced that it has received CAD 2 million in funding On February 23, 2021, Hello Pal International Inc. (CNSX:HP) closed the transaction. The company issued 5,000,000 units for gross proceeds of CAD 2,000,000. The warrant exercisable at CAD 0.60 per share until February 23, 2023. The shares issued under the Offering will be subject to restrictions on resale until June 24, 2021. Recent Insider Transactions • Feb 24
CFO & Director recently sold €73k worth of stock On the 18th of February, Axel Gunther Roehlig sold around 150k shares on-market at roughly €0.49 per share. This was the largest sale by an insider in the last 3 months. Axel Gunther has been a seller over the last 12 months, reducing personal holdings by €119k. Announcement • Feb 18
Hello Pal International Inc. Announces User Bitcoin-Mining Initiative Hello Pal International Inc. announced that it has expanded its partnership with Shanghai Yitang Data Technology Co. Ltd. ("Yitang") to launch the Crypto - Mining Initiative. This will give all Hello Pal users the ability to participate in Bitcoin and Ethereum mining in a simple and convenient way. Yitang currently manages 35,000 mining machines spread across the North, North West and South East parts of China and has pre-existing contractual arrangements with mining machine vendors to acquire many more in the future. Through Yitang, the company will be able to allow users (individually or as a group) to purchase Bitcoin and Ethereum mining machines (or option to purchase fractional parts of the miner), and have the machines hosted and operated by Yitang. Machines will be personally identifiable to the purchaser(s), and differs from typical 'cloud mining' services available. After the purchase, users can expect the mined cryptocurrency to be credited to their digital wallet each day. Further details will be available after the service is launched. As a first step in this initiative, the Company has purchased several Bitcoin and Ethereum mining machines and plans to purchase more. The Bitcoin mining machines (Whatsminer M31S) each have a hash rate of 74T hash/s operating at an efficiency of 44w/T, while the Ethereum machines have MSI 5700 graphics cards at their core with an estimated hash rate of 400M. The mining results from this initiative will be used to showcase and demonstrate to users what can be expected with a purchase. With each crypto machine purchase, all users can now mine BTC and ETH to learn and create value within their own crypto wallets on the platform. Yitang, a leading provider of digital wallet services with over USD 70 million in crypto-assets under management. is also helping the Company to revamp and reintroduce its digital wallet as well as its own digital token called "Palto". Enabling the Company's current virtual tokens used on its livestreaming platform to be fully enhanced and backed by blockchain technology. First launched in 2018, the Palto (PLT) is a utility token that will be used across the entire Hello Pal suite of apps in order to allow for the borderless transfer of value between Hello Pal users across the world. Announcement • Feb 13
Hello Pal International Inc. announced that it expects to receive CAD 1.6 million in funding Hello Pal International Inc. (CNSX:HP) announced a fully subscribed private placement of 4,000,000 units at a price of CAD 0.4 per unit for gross proceeds of CAD 1,600,000 on February 12, 2021. Each unit will consist of one common share of the company and one-half of one share purchase warrant, with whole warrant exercisable at CAD 0.6 per share for a period of two years from the date of issue. The shares issued will be subject to restrictions on resale for a period of four months and a day from the date of issue. Is New 90 Day High Low • Feb 10
New 90-day high: €0.23 The company is up 265% from its price of €0.063 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Feb 07
New 90-day high: €0.22 The company is up 336% from its price of €0.05 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 11% over the same period. Reported Earnings • Feb 01
Third quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.009 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$4.45m (up CA$4.26m from 3Q 2020). Net loss: CA$828.6k (loss widened 27% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Dec 23
Hello Pal International Inc. Announces Management Changes Hello Pal International Inc. announced the appointment of Chai Jun (also known as "Vincent Chai") as Senior Vice President of Operations. Mr. Chai brings to the Company over 12 years of experience in the live video broadcasting and internet industries, having served in senior management roles in prominent China live streaming companies in the past including Hangzhou Fuliao Technology Company (operator of iPaychat livestreaming app) as Senior Vice President of Operations, as well as Tiange Interactive Holdings (HK: 3100, operator of 9158) as Senior Vice President of Products. Mr. Chai not only played a key role in increasing the company's overall revenues, but he was also the main person in charge of helping Fuliao launch its dedicated international (non-China) livestreaming app. Most significantly, under Mr. Chai, the app achieved profitability in less than six months after launch, after having started from a userbase of zero. The company also announced that Robert McMorran has resigned as a director of the Company, and Mr. Chai has been appointed as a new board director. Mr. McMorran has served as an independent director since Hello Pal went public in 2016. Hello Pal wishes to thank Mr. McMorran for his key financial and accounting guidance provide to Hello Pal over the last few years. Announcement • Dec 18
Hello Pal Announces Release of 1-On-1 Video Matching Service and VIP Membership System Hello Pal International Inc. announced the launch of its one-on-one video matching service as well as a VIP membership system. Expanding on the Company's successful introduction of video livestreaming a year ago, the Company has introduced a one-on-one video matching service to allow its users to easily meet other users directly through one-one-one live video chat. Users who wish to explore this new way of meeting other users are matched with other similar users, enabling users to quickly and efficiently find others to video chat with. Launched alongside this new feature is a VIP membership system, where users can subscribe for VIP membership which provides a host of additional perks and functionality to enhance not just the one-one video matching experience, such as targeted matching and video matching chat durations, but also to enhance the experience throughout the Hello Pal app, such as access to unlimited translation. Users can subscribe for VIP membership for different prices and durations, ranging from CAD 3.35 for a week to CAD 64 for a year. Announcement • Nov 19
Hello Pal International Inc. announced that it expects to receive CAD 1 million in funding Hello Pal International Inc. (CNSX:HP) announced a non-brokered private placement of 8,333,333 units at issue price of CAD 0.12 per unit for gross proceeds of CAD 1,000,000 on November 17, 2020. Each unit consists of one common share and one-half of common share purchase warrants. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.25 per share for a period of two years from the closing of the transaction. All securities issued in the transaction are subject to a hold period of four-months. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total losses of CA$2.95m, with losses widening by 4.5% from the prior year. Total revenue was CA$5.12m over the last 12 months, up by CA$4.92m from the prior year. Reported Earnings • Oct 01
First quarter earnings released Over the last 12 months the company has reported total losses of CA$3.26m, with losses widening by 6.9% from the prior year. Total revenue was CA$2.23m over the last 12 months, up by CA$2.21m from the prior year. Announcement • Jul 23
Hello Pal International Inc. announced that it has received CAD 2.5 million in funding On July 20, 2020, Hello Pal International Inc. (CNSX:HP) closed the transaction. The company has issued 6,666,666 common shares for gross proceeds of CAD 400,000 in its 2nd tranche. All shares issued in the tranche subject to hold period until November 17, 2020.