Marijuana Fintech Co. POSaBIT Reports 67% YoY Drop In Q1 Revenue, Renews Focus On Sustainable Profitability And Growth
Marijuana Fintech Co. POSaBIT Reports 67% YoY Drop In Q1 Revenue, Renews Focus On Sustainable Profitability And Growth
Cannabis-focused provider of payments infrastructure POSaBIT Systems Corporation (CSE:PBIT) (OTC:POSAF) reported its financial results on Thursday for the three months ended March 31, 2024. The company reported a 67% year-over-year drop in revenue to $33.8 million in the first quarter.
以大麻爲重點的支付基礎設施提供商POSBIT Systems Corporation（CSE：PBIT）（OTC：POSAF）於2024年3月31日週四公佈了其財務業績。第一季度公司營業收入下降了67％，至3,380萬美元。
Ryan Hamlin, co-founder and CEO of POSaBIT, said the company faced "market challenges" with its payments business at the end of 2023 and in early 2024.
POSBIT的聯合創始人兼首席執行官Ryan Hamlin表示，公司在2023年末和2024年初面臨“市場挑戰”，但Hamlin補充說，這些困境“現在已經過去，通過我們許可合同的經常性現金流入，提高了調整後的毛利潤率以及重新調整的成本結構，推動我們實現盈利，使POSBIT準備實現長期的盈利和增長。
However, Hamlin added the struggles are "now behind us and POSaBIT is poised for long-term profitability and growth through our recurring inflow of cash from our licensing contracts, increased Adjusted Gross Profit margins and a re-factored cost structure pushing us to profitability."
參見：POSBIT 2023年收入同比下降7％，核心業務增長，尋求在TSX上市
See also: POSaBIT's 2023 Revenue Drops 7% YoY, Core Business Grows As It Seeks To List Its Shares On TSX
2023年Q1財務亮點
Q1 2023 Financial Highlights
毛利潤爲150萬美元，同比下降38％。
- Gross profit was $1.5 million, down 38% year-over-year.
- Gross profit margin was 39% compared to 21% in the prior year's period.
- Operating costs totaled $3.4 million, representing a 35% year-over-year improvement.
- Loss was $1.9 million, down from $2.8 million in the prior year's period, representing a 30% year-over-year improvement.
- Adjusted EBITDA came in negative at $801,043.
- As of March 31, 2024, the company had cash and cash equivalents of $0.9 million compared to $1.5 million as of Dec. 31, 2023.
- 毛利潤率爲39％，而上一年同期爲21％。
- 營業成本總額爲340萬美元，同比改善了35％。
- 虧損爲190萬美元，而上一年同期爲280萬美元，同比改善了30％。
- 調整後的EBITDA爲負801,043美元。
- 截至2024年3月31日，該公司的現金及現金等價物爲0.9百萬美元，而截至2023年12月31日爲1.5百萬美元。
- 最近的業務亮點
Recent Operational Highlights
最近推出了改版的Apple和Android POSaBIT Pay應用程序；
- Recently launched its revised Apple and Android POSaBIT Pay application;
- Received settlement from an outstanding claim due to POSaBIT from a prior processing partner;
- Closed its fastest growth month in March for our point-of-sale installs, with over 25 new locations across Washington, Oregon, Colorado and Massachusetts.
- Finalized banking and software requirements to be ready to support full credit card processing if rescheduling occurs and credit cards are allowed.
- 收到來自先前處理夥伴的未了款項的清算；
- 在位於華盛頓州，俄勒岡州，科羅拉多州和馬薩諸塞州的25個新地點上，完成了最快增長月份的銷售點安裝。
- 最終完成了銀行和軟件要求，準備支持全額信用卡支付，如果重新安排並允許使用信用卡。
- POSAF的價格行動
POSAF Price Action
POSBIT的股價於週四下午收盤後上漲8.34％，每股爲0.1美元。
POSaBIT's shares traded 8.34% higher at $0.1 per share after the market close on Thursday afternoon.
現在閱讀：在與Hypur交易後，POSBIT旨在增強大麻交易流動性，CEO將其稱爲“計劃的自然延續”
Now read: POSaBIT Aims To Enhance Trading Liquidity In Cannabis After Hypur Deal, CEO Calls It 'A Natural Continuation Of Plan'
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譯文內容由第三人軟體翻譯。