Latest news with #CAD
Yahoo
a day ago
- Business
- Yahoo
XTM Files Q1 2025 Interim Financial Results
Revenue Up 51% Over Prior Year Quarter, Net Comprehensive Loss Decreases 40% Over Prior Year Quarter TORONTO, May 30, 2025--(BUSINESS WIRE)--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. View source version on Contacts Investor Contact:Jakob Ripshtein Email: finance@ Phone: 416-260-1641 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business
- Business Wire
XTM Files Q1 2025 Interim Financial Results
TORONTO--(BUSINESS WIRE)--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
a day ago
- Business
- Yahoo
Gas prices 'among the cheapest in nearly a decade' to start summer, analyst says
Canada's gas price average fell by 5.4 cents per litre of regular fuel this week, according to data from Kalibrate. The break from recent gains mirrors price action in the United States, where a leading analyst says rates at the pump are "among the cheapest in nearly a decade" when adjusting for inflation. The Canadian average price fell from $1.492 per litre to $1.438 between May 22 and May 29, led by declines in Vancouver, Kelowna, B.C., and Sarnia, Ont. At this time last year, the national average price was $1.688. The U.S. Memorial Day holiday is considered the unofficial start to the summer driving season in North America. Patrick De Haan, head of petroleum analysis at GasBuddy, says while prices did not fall as much as expected, the holiday was still one of the most affordable for drivers since 2021. "When adjusted for inflation, [it was] among the cheapest in nearly a decade,' he wrote in a blog post. 'As we move into the heart of summer, I believe we're likely to see a relatively stable stretch for gas prices as refinery maintenance wraps up." De Haan sees OPEC+ production commentary and growing uncertainty around the looming hurricane season in the U.S. Gulf region shaping prices in the weeks ahead. According to a report from Reuters, OPEC+ members may discuss a larger output increase in July compared to gains prior months at its meeting on Saturday. The potential additional supply could weigh on benchmark oil prices. Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city. (All figures in CAD cents) Location May. 22 May 29 Price Change Canada Average (V) 149.2 143.8 -5.4 WHITEHORSE 161.9 161.9 0 VANCOUVER* 183 167 -16 VICTORIA 176.2 181.5 5.3 PRINCE GEORGE 136.2 140.9 4.7 KAMLOOPS 150 152.9 2.9 KELOWNA 152.7 142.6 -10.1 FORT ST. JOHN 149.9 145.4 -4.5 ABBOTSFORD 172.4 160.8 -11.6 YELLOWKNIFE 144.7 134.9 -9.8 CALGARY* 137.2 131 -6.2 RED DEER 134.3 134.5 0.2 EDMONTON 134.9 130.7 -4.2 LETHBRIDGE 124.7 124.6 -0.1 LLOYDMINSTER 130.6 133.5 2.9 GRANDE PRAIRIE 131.1 137.9 6.8 REGINA* 134.9 134.8 -0.1 SASKATOON 135.6 135.6 0 PRINCE ALBERT 132.2 132.3 0.1 MOOSE JAW 135.7 135.7 0 WINNIPEG * 134.1 131.7 -2.4 BRANDON 127.6 131.7 4.1 CITY OF TORONTO* 139.4 135.4 -4 BRAMPTON 139.1 134.9 -4.2 ETOBICOKE 138.9 134.9 -4 MISSISSAUGA 138.8 134.1 -4.7 NORTH YORK 139.6 135.5 -4.1 SCARBOROUGH 139.4 135 -4.4 VAUGHAN/MARKHAM 139.3 135.1 -4.2 OTTAWA 138.9 133.2 -5.7 KINGSTON 132.6 128.8 -3.8 PETERBOROUGH 131.1 126.8 -4.3 WINDSOR 138.3 133.1 -5.2 LONDON 139.7 135.5 -4.2 SUDBURY 136.7 138.8 2.1 SAULT STE MARIE 128.3 128.3 0 THUNDER BAY 138.8 138.3 -0.5 NORTH BAY 131.4 136.8 5.4 TIMMINS 146.9 144.7 -2.2 HAMILTON 136.2 131.8 -4.4 ST. CATHARINES 135.9 129.8 -6.1 BARRIE 138.7 134.5 -4.2 BRANTFORD 132.8 128.4 -4.4 GUELPH 138.2 134.8 -3.4 KITCHENER 137.4 133.6 -3.8 OSHAWA 138.6 134.4 -4.2 SARNIA 134.8 124.4 -10.4 MONTRÉAL* 163.6 159.3 -4.3 QUÉBEC 156 155.3 -0.7 SHERBROOKE 152.8 152.3 -0.5 GASPÉ 157.6 157.4 -0.2 CHICOUTIMI 147 145.5 -1.5 RIMOUSKI 151.4 151.4 0 TROIS RIVIÈRES 154.6 151.8 -2.8 DRUMMONDVILLE 152.3 150.8 -1.5 VAL D'OR 159.6 159.6 0 GATINEAU 144.7 143.2 -1.5 SAINT JOHN* 143 144.2 1.2 FREDERICTON 144.7 145 0.3 MONCTON 143.8 144.4 0.6 BATHURST 143.5 142.3 -1.2 EDMUNDSTON 142.6 144 1.4 MIRAMICHI 144.9 146.2 1.3 CAMPBELLTON 143.1 146.3 3.2 SUSSEX 143.3 143.7 0.4 WOODSTOCK 144.8 146.2 1.4 HALIFAX* 145 145 0 SYDNEY 146.9 146.9 0 YARMOUTH 146 146 0 TRURO 146.1 146.1 0 KENTVILLE 145.5 145.5 0 NEW GLASGOW 146.1 146.1 0 CHARLOTTETOWN* 151.9 150.8 -1.1 ST JOHNS* 151.9 153.5 1.6 GANDER 155.7 157.3 1.6 LABRADOR CITY 159.1 160 0.9 CORNER BROOK 152.8 154.6 1.8 GRAND FALLS 155.7 157.3 1.6 SOURCE: KALIBRATE • All figures in CAD cents (*) Denotes markets used in Volume Weighted Canada Average Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Hollywood Bowl Group PLC (FRA:2H4) (H1 2025) Earnings Call Highlights: Record Revenue and ...
Revenue: 129.2 million, up 8.4% year-over-year. EBITDA: 38.8 million, a record performance. Net Cash: 22.7 million at the end of the half-year. UK Revenue: 108.2 million, up 4.7% from the previous year. Canadian Revenue: CAD $38 million, equivalent to 21.1 million. Gross Profit Margin: 83%, a reduction of 40 basis points. UK Gross Profit Margin: 84.2%, up 30 basis points. Canadian Gross Profit Margin: 76.8%, a reduction of 3.4%. Same-Store Sales UK: Up 1.5%. Same-Store Sales Canada: Up 3.7%. Spend Per Game: Increased by 6.3% from 11.21 to 11.87. New Centers Opened: 5 new centers (3 in the UK, 2 in Canada). Refurbishments Completed: 6 refurbishments (4 in the UK, 2 in Canada). Employee Costs: 24.9 million, up 11%. Property Costs UK: 21.4 million. Property Costs Canada: CAD $5.8 million. Interim Dividend: 4.1p per share, up 3% year-over-year. Share Buyback: 10 million completed. Revolving Credit Facility: New 25 million facility with a 5 million accordion. Warning! GuruFocus has detected 4 Warning Sign with FRA:2H4. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hollywood Bowl Group PLC (FRA:2H4) reported record revenues of 129.2 million, an 8.4% increase from the previous year, despite increased costs. The company successfully opened five new centers, three in the UK and two in Canada, and completed six refurbishments, all on track to deliver expected returns. The group ended the half-year with a net cash position of 22.7 million, even after a 10 million share buyback. Canadian operations showed strong performance with like-for-like center growth of 3.7% and significant revenue contributions from new centers. The company renewed its revolving credit facility on more favorable terms, which remains undrawn, providing financial flexibility for future investments. Revenue growth was negatively impacted by the closure of the Hollywood Bowl Center in Surrey Keys and the refurbishment closure of the Edge Lane, Liverpool center. Game volume in the UK decreased by 4.5%, affected by weather conditions and competition from other socializing offerings. The Canadian business faced challenges due to forex movements, resulting in a 1.2 million impact due to a weaker Canadian dollar. Inflationary pressures, including national minimum wage increases and business rates, have significantly impacted costs. The company faces challenges in replicating its UK operational culture and team development in its Canadian operations. Q: Can you elaborate on the maturity curve for your centers in the UK and Canada and your confidence in delivering mid to high single-digit EBITDA growth over the coming years? A: Laurence Keen, CFO, explained that while the maturity curve differs between Canada and the UK, they are confident in the centers reaching expected performance levels over the short to medium term. They anticipate mid to high single-digit EBITDA growth and profit growth as well. Q: What has changed in the performance of the new Canadian centers, Kanata and Creekside, that has exceeded expectations? A: Stephen Burns, CEO, noted that these centers were expected to perform in line with expectations, but early indications show they are exceeding them. The strategy of opening new sites with a brand standard for Splitsville and co-locating with cinemas and retail has proven successful, suggesting this approach should be continued. Q: How has the weather impacted your sales, and what are your expectations for future volumes? A: Stephen Burns, CEO, mentioned that sales outperform when it rains and underperform when it's sunny. Despite weather swings, they expect the impact to even out over time. Historically, weather has been a significant factor, but they anticipate normalizing effects in FY 2026. Q: What are the competitive dynamics in the family-oriented venues versus city center corporate-oriented competitive socializing? A: Stephen Burns, CEO, stated that while new operators have entered the market, they primarily target young adults and corporate clients rather than families. Hollywood Bowl's prime locations and value proposition make it difficult for competitors to capture their core family market. Q: Can you discuss the impact of new operators in the market and your strategy to address this competition? A: Stephen Burns, CEO, explained that while new operators have entered the market, their impact is often short-lived. Hollywood Bowl's strategic locations and focus on family entertainment provide a competitive edge, and they have not seen significant impacts from new entrants targeting family markets. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Engadget
a day ago
- Entertainment
- Engadget
The PS5 Pro is $50 off in Sony's Days of Play sale
The Sony Days of Play sale is underway, and it includes the first official price cut for the PS5 Pro. The console has dropped by $50 to $650 in the US for the sale, which runs from May 28 to June 11. This is the first time Sony has discounted its Pro-level console. Retail partners like Amazon are matching the discount as well. If you don't have a PS5 already and can afford the Pro model, it's definitely the way to go to get the best PlayStation experience. It earned a score of 88 in our review, and it might have scored even higher if not for the price and the lack of a built-in disc drive. There are other discounts on consoles in the US and Canada as part of the sale. A bundle of either the standard PS5 or Digital Edition with a copy of Call of Duty: Black Ops 6 starts at $400/$510 CAD (for the Digital Edition). Sony says that will save you $120/$160 CAD compared with buying them separately. The PS5 standard and digital versions will be on sale in Europe and Asia too, starting at €400/£340/¥65,980. It's worth noting that Sony has considered raising the prices of PS5 hardware to offset the cost of tariffs. Microsoft this month jacked up the prices of Xbox consoles recently for that reason. So if you've been on the fence about getting a PS5 or PS5 Pro, now might be the time to snap one up. Elsewhere in the Days of Play sale, accessories are getting discounts. You can save on the PlayStation VR2 ($50 off), PlayStation VR2 and Horizon Call of the Mountain bundle ($50 off), Pulse Explore earbuds ($30 off), DualSense Edge controller ($30 off), PlayStation Access controller ($20 off) and the DualSense controller ($20 off). Things like PS5 console covers and external storage drives will get price cuts as well. You will, of course, be able to snap up PS5 games for fewer dollars than usual. MLB The Show 25 , the brilliant Astro Bot and Lego Horizon Adventures are among the many first-party games getting discounts. If you haven't played The Last of Us Part II and don't want to wait a year or two before finding out where the story of HBO's adaptation will go after that (somewhat unsatisfying) season finale on Sunday, you might like to snap up the remastered edition of the misery simulator, which will be included in the sale. Hundreds of other games will be featured. The list includes several Assassin's Creed titles, Grand Theft Auto V , Final Fantasy VII Remake and Rebirth , Indiana Jones and the Great Circle , Marvel's Spider-Man 2 and Balatro . On top of that, movies will be on sale through Sony Pictures Core Elsewhere, some PlayStation Plus plans are 33 percent off for new subscribers. Upgrading to the Extra or Premium tiers may cost you a third less than usual as well. That stinks for long-term PS Plus members who'd like to add another year or two (especially after recent price increases in several regions), but that's standard practice for plans such as these as companies try to boost subscriber numbers. Speaking of which, Sony is adding an extra few games to the PS Plus Game Catalog for Extra, Premium and Deluxe members. They are: Another Crab's Treasure (PS5, May 29) Skull and Bones (PS5, June 2) Destiny 2: Legacy Collection (PS5 and PS4, June 4) Grand Theft Auto III (PS5 and PS4, June 10) Another Crab's Treasure is a delightful Soulslike that was one of my favorite games of 2024. One of the best things about it is an accessibility option that gives you a giant pistol that can one-shot any enemy. Skull and Bones landed last year after years of delays and I'd say that "at no extra cost" is the best way to try it. Destiny 2: Legacy Collection includes hundreds of hours of gameplay with all of the expansions from the game's Light and Darkness Saga, except for the last chapter, The Final Shape . As it happens, the latest batch of monthly PS Plus games (which all PS Plus subscribers can claim and keep in their libraries as long as they maintain the membership) includes Destiny 2: The Final Shape , which will be available on May 30 for PS4 and PS5. The other titles, which you can claim starting on June 3, are NBA 2K25 (PS5 and PS4), last year's remake of Alone in the Dark (PS5) and the Jet Set Radio -esque Bomb Rush Cyberfunk (PS5 and PS4). That's a solid lineup! In addition, two bona fide all-timers are joining the Classics Catalog on June 5 for PS Plus Premium/Deluxe subscribers. Myst and its sequel Riven will be available to members on PS4 and PS5 at no extra cost. Premium/Deluxe subscribers will have access to two more game trials from May 28: Kingdom Come: Deliverance 2 (PS5) and Sid Meier's Civilization VII (PS5 and PS4). Update, May 28, 12:53PM ET: Sony pushed back the date that it's adding Destiny 2: The Final Shape to the PS Plus Monthly games list from May 28 to May 30. This story has been updated accordingly.
