Welcome to our dedicated page for Xtm news (Ticker: XTMIF), a resource for investors and traders seeking the latest updates and insights on Xtm stock.
Xtm Inc (XTMIF) delivers innovative translation management and localization solutions for global enterprises through its cloud-based platform. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological advancements.
Access comprehensive coverage of Xtm Inc announcements including earnings reports, product updates, strategic partnerships, and leadership changes. Our curated collection ensures efficient tracking of material events affecting the company's market position in language technology solutions.
Key updates span enterprise software innovations, global expansion initiatives, and industry recognition. Users will find official press releases alongside analysis of operational milestones relevant to translation management and digital transformation markets.
Bookmark this page for streamlined access to XTMIF news critical for informed decision-making. Check regularly for updates on cloud-based localization tools and enterprise solutions shaping multilingual communication strategies worldwide.
XTM (XTMIF) reports significant business developments in Q1 2025, including the addition of 90 new locations and 176 new SaaS subscribers. The company is implementing cost reduction initiatives by leveraging increased Gross Dollar Value load volume and introducing a self-funded earnings access model through direct employer partnerships.
The company has launched Scheduled Payments, enabling AnyDay™ members to receive two free monthly earned tip deposits directly to their bank accounts. Starting Q2 2025, users can request portions of their earnings beyond the bi-monthly schedule through the AnyDay platform.
XTM is strengthening its focus on the AnyDay™ ecosystem, planning to launch a virtual card feature by mid-Q2 2025 to reduce physical card dependency. The company continues to prioritize profitability through direct employer relationships across North America while exploring beneficial financing options.
XTM Inc. (OTC: XTMIF) is experiencing increased interest in its AnyDay™ Earned Wage Access (EWA) platform and instant tip-out calculator solution following President Trump's commitment to eliminate taxes on tips. The company currently processes hundreds of millions of dollars in instant payments annually for hospitality businesses across the U.S. and Canada.
The proposed 'No Tax on Tips' policy would remove employers' requirement to withhold taxes on tips. XTM's AnyDay™ platform offers a solution for businesses transitioning to daily, tax-free tip payouts, featuring real-time tip pooling and instant payments. According to labor statistics, 16.82 million people were employed in the U.S. hospitality and leisure industry as of December 2023, with median pay for full-service restaurant workers reaching $23.88 per hour by September 2024, a 28% increase since January 2020.
XTM (XTMIF) has announced strategic initiatives focusing on cost reduction, revenue growth, and increasing shareholder value. The company has achieved $2M in annual payroll reduction over the past three quarters while maintaining compliance commitments.
Key developments include a Referral Agreement eliminating significant Cost of Goods Sold for the Canadian tip business, targeting neutral cash-flow by 2025. The company is launching digital campaigns for Earned Wage Access activation, targeting ~100,000 passive users from their Fortune 100 customer base. XTM is implementing a SaaS fee structure for its ~3,700 Canadian hospitality businesses and expanding its US presence with additional Business Development Representatives.
The company is restructuring its EWA program to improve profitability through RTP migration and reduced overpayment losses. XTM plans to pursue an up-list to a senior exchange and will initiate an executive recruitment process for a CEO successor at that time.
XTM has announced that the Ontario Securities Commission (OSC) issued a failure-to-file cease trade order (FFCTO) on July 3, 2024. This action was taken due to XTM's failure to file audited annual financial statements for the year ending December 31, 2023, as well as interim financial statements and related documents for the period ending March 31, 2024.
The FFCTO prohibits any trading of XTM securities in Canada, with specific exceptions for certain beneficial securityholders. The FFCTO also resulted in the revocation of a previously granted management cease trade order (MCTO).
XTM states it is working with auditors and regulators to meet compliance requirements and plans to file the necessary documents soon. The company remains operational and focused on achieving cash-flow neutrality and reducing reliance on external financing.
XTM Inc. (XTMIF) announces a delay in filing its annual audited financial statements and related documents for the year ended December 31, 2023. The Ontario Securities Commission (OSC) has granted a Management Cease Trade Order (MCTO) under National Policy 12-203, impacting the trading activities of XTM's CEO and CFO until the required documents are filed. Other shareholders are not affected. The delay is attributed to audit procedures and a quality review for third-party service organizations. XTM is collaborating with auditors and aims to file the documents promptly. The company will issue bi-weekly status reports until compliance is achieved, detailing any material changes and actions taken to resolve the default.
XTM provides an update on its management cease trade order (MCTO), issued by the Ontario Securities Commission (OSC) under National Policy 12-203.
The MCTO restricts CEO Marilyn Schaffer and CFO Swapan Kakuman from trading in XTM securities until the company files its annual audited financial statements, management's discussion, and related certifications for the year ended December 31, 2023.
Other shareholders are not impacted. The delay in filing is attributed to ongoing audit procedures and a quality review relying on third-party service organizations.
XTM is working with auditors to file the documents as soon as possible and plans to issue bi-weekly status reports until compliance is achieved.
XTM Inc. (XTMIF) provides an update on its management cease trade order (MCTO) issued by the Ontario Securities Commission (OSC) under National Policy 12-203. The MCTO restricts the CEO and CFO from trading XTM securities until the company files its audited financial statements, management's discussion, analysis, and related certifications for the year ending December 31, 2023. Other shareholders remain unaffected. XTM attributes the delay to audit procedures and quality reviews related to third-party service organizations. The company commits to issuing bi-weekly status reports until the required documents are filed.
XTM Inc. announced the receipt of a Management Cease Trade Order (MCTO) from the Ontario Securities Commission due to a delay in filing its annual financial statements. The MCTO restricts trading by management until the required filings are complete. The company expects to complete the audit by May 31, 2024, and will issue bi-weekly default status reports until then.
