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) is a leading technology company specializing in innovative payment solutions. They provide a seamless and secure platform for digital transactions, catering to a global customer base. With a strong focus on customer satisfaction and technological advancement, XTM Inc is committed to revolutionizing the payment industry. Their cutting-edge products and strategic partnerships set them apart in the competitive market.
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XTM Inc. has integrated its tipping solution into QRails' Earned Wage Access solution, allowing U.S. employees to receive daily gratuities and earnings. This creates opportunities for strategic partners and improves recruitment and retention for employers. XTM's current pipeline of partners can now leverage this solution. The integrated solution is already being used by XTM clients, and the companies are in talks with large hospitality groups to scale the solution.
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XTM, Inc. reports a 26% increase in revenue and a 47% increase in GDV over Q2 2022. Gross dollar value loads reach $170.8MM, the highest in the company's history. Revenue for the quarter is just under $1.6MM, the strongest since inception. Total Active Users increase to 119K from 83K in Q2 2022. Gross Profit is $130K or 8% of revenue. Operating expenses increase by 5% to $2.218MM. Net loss is $2,425K. Cash decreases to $0.4MM. The company receives a CAD $2,000,000 bridge-loan. Several new products are launched including Today Goals and Today Wellness. The acquisition of QRails is completed. The company is in negotiations for a US$70M Debt Facility.
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XTM Inc. completes acquisition of QRails, Inc. for $3.5 million, issuing 28,343,750 common shares. QRails will operate as a subsidiary of XTM with Cary Strange appointed as President. Employee equity plan announced.
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XTM Inc., a Fintech company specializing in disruptive payment innovations, has announced that the Ontario Securities Commission has revoked the cease trade order against the company. Trading in the company's common shares on the Canadian Securities Exchange will resume on August 10, 2023. The company has also provided an update on the imminent close of the QRails transaction, which is set to be completed on or before August 18, 2023.
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FAQ
What is the current stock price of XTM (XTMIF)?
The current stock price of XTM (XTMIF) is $0.0405 as of December 17, 2024.
What is the market cap of XTM (XTMIF)?
The market cap of XTM (XTMIF) is approximately 11.3M.
What does XTM Inc specialize in?
XTM Inc specializes in innovative payment solutions and digital transactions.
Who is XTM Inc's target customer base?
XTM Inc caters to a global customer base seeking secure and seamless payment experiences.
What sets XTM Inc apart in the market?
XTM Inc stands out with its cutting-edge products, commitment to customer satisfaction, and strategic partnerships.
What is XTM Inc's commitment to technological advancement?
XTM Inc is dedicated to revolutionizing the payment industry through technological innovation.
How does XTM Inc ensure secure transactions?
XTM Inc provides a secure platform for digital transactions, prioritizing customer data protection.
How does XTM Inc prioritize customer satisfaction?
XTM Inc prioritizes customer satisfaction by offering seamless payment solutions and excellent service.
What global reach does XTM Inc have?
XTM Inc caters to a diverse and global customer base, expanding its presence in various markets.
What are some recent achievements of XTM Inc?
XTM Inc has achieved significant milestones in the payment industry, earning recognition for its innovative solutions.
How does XTM Inc maintain its competitive edge?
XTM Inc stays ahead in the market through continuous innovation, strategic partnerships, and a focus on customer needs.
What can investors expect from XTM Inc?
Investors can expect growth and potential returns from investing in XTM Inc, a company at the forefront of payment technology.
XTM INC
OTC:XTMIF
XTMIF Rankings
XTMIF Stock Data
11.28M
210.58M
0.2%
Information Technology Services
Technology
United States of America
Toronto