Latest news with #POSaBITSystemsCorporation
Yahoo
28-05-2025
- Business
- Yahoo
POSaBIT to Host First Quarter 2025 Earnings Conference Call
TORONTO & SEATTLE, May 28, 2025--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on May 30, 2025 at 4:30 PM ET to discuss the results of the first quarter ended March 31, 2025. POSaBIT is soliciting investor questions prior to the call. Please send your questions to investors@ All questions will be aggregated and the top requests will be answered by the CEO during the question-and-answer portion of the earnings call. Please submit your questions by 12:00 PM ET on May 30, 2025. Conference Call InformationDate: May 30, 2025Time: 4:30 PM Eastern TimeToll Free: 888-506-0062International: 973-528-0011Participant Access Code: 181006Webcast URL: Conference Call Replay Information:The replay will be available approximately 1 hour after the completion of the live event. Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 52562Webcast Replay URL: Forward-Looking Statements This press release contains forward-looking statements, including statements regarding our business strategy, product development, timing of product development, events and courses of action. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future including words or phrases such as "anticipate," "objective," "may," "will," "might," "should," "could," "can," "intend," "expect," "believe," "estimate," "predict," "potential," "plan," "is designed to" or similar expressions suggesting future outcomes or the negative thereof or similar variations. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including business, economic and capital market conditions; the ability to manage our operating expenses, which may adversely affect our financial condition; our ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for our products; and our relationships with our customers, distributors and business partners. Neither we nor any of our representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise resulting from the use of the information in this news release or for omissions from the information in this news release. About POSaBIT POSaBIT (CSE: PBIT, OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class Point-of-Sale solution and are the leading cashless payment provider for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. For additional information, visit View source version on Contacts Media Relations: Oscar Dahl855-767-2248hello@ Management: Ryan HamlinCo-founder and CEO of POSaBIT855-767-2248investors@ 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
28-05-2025
- Business
- Business Wire
POSaBIT to Host First Quarter 2025 Earnings Conference Call
TORONTO & SEATTLE--(BUSINESS WIRE)-- POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the ' Company ' or ' POSaBIT '), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on May 30, 2025 at 4:30 PM ET to discuss the results of the first quarter ended March 31, 2025. POSaBIT is soliciting investor questions prior to the call. Please send your questions to investors@ All questions will be aggregated and the top requests will be answered by the CEO during the question-and-answer portion of the earnings call. Please submit your questions by 12:00 PM ET on May 30, 2025. Conference Call Information Date: May 30, 2025 Time: 4:30 PM Eastern Time Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 181006 Webcast URL: Conference Call Replay Information: The replay will be available approximately 1 hour after the completion of the live event. Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 52562 Webcast Replay URL: Forward-Looking Statements This press release contains forward-looking statements, including statements regarding our business strategy, product development, timing of product development, events and courses of action. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future including words or phrases such as 'anticipate,' 'objective,' 'may,' 'will,' 'might,' 'should,' 'could,' 'can,' 'intend,' 'expect,' 'believe,' 'estimate,' 'predict,' 'potential,' 'plan,' 'is designed to' or similar expressions suggesting future outcomes or the negative thereof or similar variations. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including business, economic and capital market conditions; the ability to manage our operating expenses, which may adversely affect our financial condition; our ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for our products; and our relationships with our customers, distributors and business partners. Neither we nor any of our representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise resulting from the use of the information in this news release or for omissions from the information in this news release. About POSaBIT POSaBIT (CSE: PBIT, OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class Point-of-Sale solution and are the leading cashless payment provider for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. For additional information, visit
Ottawa Citizen
25-04-2025
- Business
- Ottawa Citizen
POSaBIT Reports Fourth Quarter and Annual 2024 Financial Results
Article content Article content TORONTO & SEATTLE — POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the 'Company' or 'POSaBIT'), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and twelve months ended December 31, 2024. Article content 'After a turbulent 2023 for the cannabis industry at large, POSaBIT's main focus in 2024 was solidifying the health of the company for the present and the future. There were few, if any, winners in our industry over the past two years, but we are proud of how deftly we've placed POSaBIT in a position to thrive in the long run,' said Ryan Hamlin, co-founder and CEO of POSaBIT. Article content Article content Hamlin continued, 'Adjusted gross profit dollars increased 19% year over year, OpEx is down significantly, and our cash situation is relatively unchanged. Our Point-of-Sale business – with its steady monthly revenue and future payments revenue potential – continues to grow rapidly and has gained an incredible reputation across the cannabis industry. Through our world-class products, POSaBIT remains focused on consistent and responsible growth.' Article content As of December 31, 2024, the Company had cash and cash equivalents of $1 million compared to $1.5 million as of December 31, 2023. This slight reduction in cash is due to paying off aged accounts payables as well as a cash settlement for an outstanding lawsuit. Article content The following table discloses Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA for Q4 2024 compared to Q3 2023. Article content The following tables reconcile Revenue, as reported to Adjusted Revenue, Gross Profit, as reported to Adjusted Gross Profit and EBITDA, as reported to Adjusted EBITDA for the twelve months ended December 31, 2024. Article content Article content Conference Call Information Article content Date: April 24, 2025 Time: 4:30 PM Eastern Time Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 977825 Webcast URL: Article content Conference Call Replay Information: Article content The replay will be available approximately 1 hour after the completion of the live event. Article content Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 52361 Webcast Replay URL: Article content Financial Reports Article content Full details of the financial and operating results are described in the Company's consolidated financial statements for the three and twelve month periods ended December 31, 2024 with accompanying notes. The consolidated financial statements and additional information about POSaBIT are available on the Company's website at or on SEDAR+ at Article content Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA are non-IFRS measures used by management that do not have any prescribed meaning by IFRS and may not be comparable to similar measures presented by other companies. The Company defines Adjusted Revenue as gross revenue, minus license support revenue, plus actual licensing cash received as part of POSaBIT's licensing deals. The Company defines Adjusted Gross Profit as Adjusted Revenue less company cost of goods sold. The Company defines Adjusted EBITDA as net income or loss generated for the period as reported, before interest, taxes, depreciation and amortization and further adjusted in accordance with the reconciliation table set out in this press release. The Company believes these non-IFRS measures are useful metrics to evaluate its core operating performance and uses these measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. We caution readers that Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA are not substitutes for gross revenue, gross profit or profit/loss, respectively.
National Post
24-04-2025
- Business
- National Post
POSaBIT Reports Fourth Quarter and Annual 2024 Financial Results
Article content Article content TORONTO & SEATTLE — POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the 'Company' or 'POSaBIT'), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and twelve months ended December 31, 2024. Article content 'After a turbulent 2023 for the cannabis industry at large, POSaBIT's main focus in 2024 was solidifying the health of the company for the present and the future. There were few, if any, winners in our industry over the past two years, but we are proud of how deftly we've placed POSaBIT in a position to thrive in the long run,' said Ryan Hamlin, co-founder and CEO of POSaBIT. Article content Hamlin continued, 'Adjusted gross profit dollars increased 19% year over year, OpEx is down significantly, and our cash situation is relatively unchanged. Our Point-of-Sale business – with its steady monthly revenue and future payments revenue potential – continues to grow rapidly and has gained an incredible reputation across the cannabis industry. Through our world-class products, POSaBIT remains focused on consistent and responsible growth.' Article content As of December 31, 2024, the Company had cash and cash equivalents of $1 million compared to $1.5 million as of December 31, 2023. This slight reduction in cash is due to paying off aged accounts payables as well as a cash settlement for an outstanding lawsuit. Article content Financial Results Article content The following table discloses Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA for Q4 2024 compared to Q3 2023. Article content The following tables reconcile Revenue, as reported to Adjusted Revenue, Gross Profit, as reported to Adjusted Gross Profit and EBITDA, as reported to Adjusted EBITDA for the twelve months ended December 31, 2024. Article content Article content Conference Call Information Article content Date: April 24, 2025 Time: 4:30 PM Eastern Time Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 977825 Webcast URL: Article content Conference Call Replay Information: Article content The replay will be available approximately 1 hour after the completion of the live event. Article content Financial Reports Article content Full details of the financial and operating results are described in the Company's consolidated financial statements for the three and twelve month periods ended December 31, 2024 with accompanying notes. The consolidated financial statements and additional information about POSaBIT are available on the Company's website at or on SEDAR+ at Article content Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA are non-IFRS measures used by management that do not have any prescribed meaning by IFRS and may not be comparable to similar measures presented by other companies. The Company defines Adjusted Revenue as gross revenue, minus license support revenue, plus actual licensing cash received as part of POSaBIT's licensing deals. The Company defines Adjusted Gross Profit as Adjusted Revenue less company cost of goods sold. The Company defines Adjusted EBITDA as net income or loss generated for the period as reported, before interest, taxes, depreciation and amortization and further adjusted in accordance with the reconciliation table set out in this press release. The Company believes these non-IFRS measures are useful metrics to evaluate its core operating performance and uses these measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. We caution readers that Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA are not substitutes for gross revenue, gross profit or profit/loss, respectively.
Yahoo
22-04-2025
- Business
- Yahoo
POSaBIT to Host Fourth Quarter and FY 2024 Earnings Conference Call
TORONTO & SEATTLE, April 22, 2025--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company " or " POSaBIT "), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on April 24, 2025 at 4:30 PM ET to discuss the results of the fourth quarter and full year ended December 31, 2024. POSaBIT is soliciting investor questions prior to the call. Please send your questions to investors@ All questions will be aggregated and the top requests will be answered by the CEO during the question-and-answer portion of the earnings call. Please submit your questions by 12:00 PM ET on April 24, 2025. Conference Call InformationDate: April 24, 2025Time: 4:30 PM Eastern TimeToll Free: 888-506-0062International: 973-528-0011Participant Access Code: 977825Webcast URL: Conference Call Replay Information:The replay will be available approximately 1 hour after the completion of the live event. Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 52361Webcast Replay URL: Forward-Looking Statements This press release contains forward-looking statements, including statements regarding our business strategy, product development, timing of product development, events and courses of action. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future including words or phrases such as "anticipate," "objective," "may," "will," "might," "should," "could," "can," "intend," "expect," "believe," "estimate," "predict," "potential," "plan," "is designed to" or similar expressions suggesting future outcomes or the negative thereof or similar variations. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including business, economic and capital market conditions; the ability to manage our operating expenses, which may adversely affect our financial condition; our ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for our products; and our relationships with our customers, distributors and business partners. Neither we nor any of our representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise resulting from the use of the information in this news release or for omissions from the information in this news release. About POSaBIT POSaBIT (CSE: PBIT, OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class Point-of-Sale solution and are the leading cashless payment provider for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. For additional information, visit View source version on Contacts Media Relations:Oscar Dahl855-767-2248hello@ Management:Ryan HamlinCo-founder and CEO of POSaBIT855-767-2248investors@ Sign in to access your portfolio
