Latest news with #AnyDay
Globe and Mail
3 days ago
- Business
- Globe and Mail
XTM Files Q1 2025 Interim Financial Results
XTM Inc. ('XTM' or the 'Company') (QB: XTMIF / CSE: PAID / FSE: 7XT), a fintech innovator in automated tip calculations, instant payouts for employees and gig workers and a provider of Earned Wage Access ('EWA') through its AnyDay™ platform, today announced it has filed its interim financial statements and management's discussion and analysis (MD&A) for the quarter ended March 31, 2025 (the 'Required Filings'). As part of XTM's continued strategic realignment and focus on profitability, the Company's previously announced transaction regarding its processing operations with Pateno Payments Inc. (a subsidiary of Digital Commerce Group) is progressing with only final US Banking operation approvals necessary to close. The transaction agreement deadline, originally set to close on May 30, 2025, is being extended to meet the various US Bank's departmental schedules. The partnership and ongoing support of Digital Commerce Bank positions XTM to rapidly scale its SaaS business with robust financial and infrastructure backing. Q1 2025 Financial and Operational Highlights Revenue Growth: Revenue was $2.7 million for the quarter, increasing 51% from the prior year quarter revenue of $1.8 million. Revenue Source: Less than 40% of the company's revenue in Q1 was derived from Interchange as part of the company's strategic goal to diversify revenue sources, now with the inclusion of Software as a Service (SaaS) revenue Net Loss & Comprehensive Loss: The Company reduced its net loss and comprehensive loss to $3.2 million in Q1 2025 compared to $5.3M in Q1 2024, a decrease of 40%. CAD $13M Credit Facility: On January 1, 2025, XTM signed a CAD $13 million Letter of Credit with Pateno Payments to support growth and cash neutrality, ahead of a planned financing and uplisting to a senior exchange in the second half 2025. Restricted Cash: The decrease in restricted cash of $14.2M includes $2.5M related to the migration of XTM funded EWA programs to client funded programs at QRails and an additional $9.6 million of deposits transferred to KOHO financial, which are expected to be returned by Q3 2025 Subsequent Events – Q1 2025 Sales Team Expansion & Early Wins: XTM is pleased to announce the expansion of its sales team, welcoming a new representative who successfully closed two new deals within their first two weeks at the Company. Consistent with XTM's hiring strategy, the new team member brings direct industry experience, having been an active AnyDay user within the hospitality sector—providing firsthand insight into the platform's value and driving authentic client engagement. Strong Year-to-Date Growth: As of the latest reporting period, XTM has signed 149 new client locations ('doors') for its Anyday wage and gratutity access solution, reflecting accelerating adoption and strong market demand. Filing Details The audited consolidated financial statements and MD&A for the year ended December 31, 2024, are available on the Company's profile at About XTM Inc. XTM Inc. is a global fintech innovator with offices in Miami, Toronto, Denver, and London. Through its AnyDay™ platform and its fully owned subsidiary, QRails, XTM delivers instant pay and Earned Wage Access solutions to the hospitality, personal care, and staffing sectors. XTM supports some of North America's leading brands including Earls, Marriott Hotels, Maple Leaf Sports & Entertainment, Cactus Club, and Live Nation. QRails is a cloud-based, API-driven issuer-processor enabling payroll providers, financial institutions, and fintechs to deliver modern digital payment solutions. QRails is SAP-certified and PCI DSS and SOC compliant. Learn more at and Forward-Looking Statements This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. These statements involve known and unknown risks, uncertainties, and assumptions, and may include words such as "expects," "intends," "anticipates," "plans," "believes," and similar expressions. Actual results could differ materially from those projected due to various risks and factors beyond the Company's control. The CSE has neither approved nor disapproved the contents of this press release and accepts no responsibility for its adequacy or accuracy.
Yahoo
13-05-2025
- Entertainment
- Yahoo
British Politician Patrick Spencer Charged With Sexual Assaulting Women At London's Groucho Club
A British politician has been charged with sexually assaulting two women at London's legendary media haunt, the Groucho Club. Patrick Spencer, a member of the opposition Conservative Party and MP for Central Suffolk and North Ipswich, was charged in relation to two alleged incidents involving two separate women, according to the Crown Prosecution Service. More from Deadline Soho's Legendary Groucho Club Closed Temporarily Due To Reports Of "Serious Crime" 'Any Day Now': How Eric Aronson Artfully Marketed His Indie Heist Movie + Exclusive Clip Cannes Jury President Juliette Binoche On Trump's Movie & TV Tariffs: "He's Fighting To Save America And To Save His Ass" Frank Ferguson, Head of the CPS Special Crime and Counter Terrorism Division, said: 'Following a review of the evidence provided by the Metropolitan Police Service, we have authorised two counts of sexual assault against Patrick Spencer MP.' The incidents are said to have taken place at the Groucho Club in August 2023. A Conservative Party spokesman told the BBC Spencer had been suspended. 'We have taken immediate action,' they said. 'Patrick Spencer MP has been suspended from the Conservative Party, and the whip withdrawn, with immediate effect. The Conservative Party cannot comment further on an ongoing legal case.' Spencer will appear at Westminster Magistrates' Court on Monday, 16 June. Soho members club Groucho was temporarily closed in November 2024 by police after they received a report of a 'serious crime' and its license was reviewed. Best of Deadline Everything We Know About Ari Aster's 'Eddington' So Far Everything We Know About 'Nobody Wants This' Season 2 So Far List Of Hollywood & Media Layoffs From Paramount To Warner Bros Discovery To CNN & More
The Guardian
15-02-2025
- Entertainment
- The Guardian
The edit: 20 of the best cardigans
Abstract, £45, Any Day ( Jacquard, £49.99, Striped, £39.99, Vintage, £110, Vintage YSL, £39, Photograph: Paisley, £90, Blue, £175, Yellow, £160, Collegiate, £179, Cream, £155, Zigzag, £272, Howlin ( Triangle, £145, Peregrine ( Patch, £365, Heather, £395, Rosette, £475,
