Contacts. Please refer to the comments below regarding forward-looking statements.Important factors that could cause actual results to differ materially from POSaBIT's expectations include consumer sentiment towards POSaBIT's products and blockchain/cryptocurrency exchange technology generally, litigation, global economic climate, loss of key employees and consultants, additional funding requirements, changes in laws, technology failures, competition, and failure of counterparties to perform their contractual obligations.Transactional sales totaled $15.6 million, representing an increase of 15% compared with $13.6 million in first quarter 2019.Basic and diluted weighted average number of common shares outstandingPOSaBIT updated its full year 2020 outlook to be:Loss before discontinued operations was $793 thousand compared with a loss of $774 thousand from the same quarter in 2019.This press release contains forward-looking statements, including statements regarding our business strategy, product development, timing of product development, events and courses of action. POSaBIT Reports Q1 2020 Financial Results, Forecasts Q3 Profitability.
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Schedule a Demo ; Charge Inquiry ; General Contact ; Support ; Login. Investor Relations: email@example.com. POSaBIT Enters Alaska Market, Expects Rapid Expansion in 2020. July 14th, 2020.
DISPENSARIES . Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements.Total revenue was $972 thousand, up 5% compared with $897 thousand in first quarter 2019.Gross profit was $71 thousand, up 192% compared with a gross profit of $37 thousand in first quarter 2019.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. To receive real-time news alerts, please subscribe below by filling out the form to receive investor updates.POSaBIT’s recent Consolidated Financial Statements and Management’s Discussion & Analysis documents are listed to the left.POSaBIT is a financial technology company that delivers blockchain-based payment processing and point-of-sale technologies and devices that are uniquely suited to cash-based businesses where traditional debit card transactions are limited or prohibited, such as the cannabis industry. "We are pleased to witness continued strong demand for our retail payment and POS solutions even amid the ongoing pandemic," said Ryan Hamlin, co-founder and CEO of POSaBIT. POSaBIT’s independent registered public accountants are MNP LLC, 111 Richmond Street West, Suite 300, Toronto, ON M5H 2G4.
Forward-looking statements may include, among other things, statements about: our expectations regarding our expenses, sales and operations; our future customer concentration; our anticipated cash needs and our estimates regarding our capital requirements and our need for additional financing; our ability to anticipate the future needs of our customers; our plans for future products and enhancements of existing products; our future growth strategy and growth rate; our future intellectual property; and our anticipated trends and challenges in the markets in which we operate. Media Relations: Oscar Dahl Marketing Director 855-767-2248 firstname.lastname@example.org. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements.POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, is pleased to report its financial results for the quarter ended March 31, 2020.Loss before discontinued operationsLoss from discontinued operationsPOSaBIT provides guidance based on current market conditions and expectations.
Co-founder and CEO of POSaBIT 415-217-7722. email@example.com. Who is POSaBITs transfer agent?
Marketing Director at POSaBIT 206-660-7246. firstname.lastname@example.org . This information may have since become superseded as a result of later circumstances or events. 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.
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