STOCK TITAN

Posabit Systems - POSAF STOCK NEWS

Welcome to our dedicated page for Posabit Systems news (Ticker: POSAF), a resource for investors and traders seeking the latest updates and insights on Posabit Systems stock.

Posabit Systems (POSAF) provides integrated digital solutions for enterprise operations, specializing in cloud computing and software innovation. This page aggregates all official corporate announcements and verified news coverage related to strategic developments, financial updates, and market activities.

Investors and industry professionals will find timely updates on earnings reports, technology partnerships, and product launches, alongside analysis of operational milestones. The curated collection serves as a neutral reference for tracking the company’s progress in digital transformation and enterprise software markets.

Content spans regulatory filings, leadership updates, and operational expansions within key sectors like payment processing and cloud infrastructure. Regular updates ensure stakeholders maintain informed perspectives on POSAF’s North American operations and technological advancements.

Bookmark this page for streamlined access to essential updates about Posabit Systems’ business trajectory. Combine frequent visits with official SEC filings for comprehensive investment research.

Rhea-AI Summary
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) has achieved an impressive 1,092% revenue growth from fiscal years 2019 to 2022. This growth has been attributed to the company's industry-leading product platform and relentless focus on customer satisfaction. The company's CEO, Ryan Hamlin, expressed pride in the team's work and highlighted their partnership with customers and the cannabis community as crucial factors in their success. The company ranked 132nd on the Deloitte Technology Fast 500™, showcasing its rapid growth and innovation in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.65%
Tags
none
-
Rhea-AI Summary
POSaBIT provides update on PIN debit processing solution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-50%
Tags
none
-
Rhea-AI Summary
POSaBIT Systems Corporation announces full launch of POSaBIT POS 2.0, a next-generation point-of-sale system with enhanced features and integrations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
none
Rhea-AI Summary
POSaBIT Systems Corporation reports Q2 2023 financial results with revenue of $13.5 million, up 65% YoY and 52% organic growth. Reaffirms FY 2023 revenue guidance of $58.5-$61.5 million, representing growth of over 62% at the midpoint compared to FY 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) will host a conference call and live webcast on August 24, 2023, at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.85%
Tags
conferences earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.84%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.87%
Tags
conferences earnings
Rhea-AI Summary

POSaBIT (OTC-PINK:POSAF) has reported a record revenue for 2022, continuing its streak of doubling or nearly doubling revenue for five consecutive years. The company raised its FY 2023 guidance, predicting revenue growth to $60 million and gross profit to $13.5 million—a 62% increase from 2022. In Q4 2022, total revenue reached $24.9 million, up 141% year-over-year, with gross profit soaring to $16.2 million, reflecting a 459% increase. Despite accounting changes impacting expected revenue recognition, POSaBIT is still positioned to leverage its acquired Hypur assets and expand its market share in the cannabis payment infrastructure. However, future adjusted EBITDA may be slightly negative compared to initial expectations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.72%
Tags
Posabit Systems

OTC:POSAF

POSAF Rankings

POSAF Stock Data

8.20M
98.11M
35.98%
0.02%
Software - Application
Technology
Link
United States
Bellevue