XTM INC - XTMIF STOCK NEWS

XTM Inc. (QB: XTMIF / CSE: PAID) announced it will be unable to file its audited annual financial statements for the fiscal year ending December 31, 2022, by the May 1, 2023 deadline due to a recent auditor change and increased transaction volumes. In response, the company has requested a management cease trade order to allow continued trading of its shares by non-insiders. XTM expects to complete the audit and file the necessary statements by May 19, 2023. The corporation confirms it is not facing insolvency and will provide bi-weekly updates regarding the status of the filing. XTM is a fintech innovator providing wage access solutions to the hospitality and personal care sectors through its Today™ app.

XTM Inc. has announced the integration of People2.0 into its Today Financial™ platform, enhancing its offerings for Earned Wage Access (EWA) and staff management solutions. This partnership aims to improve the employee experience through digital automation and access to earnings. Marilyn Schaffer, CEO of XTM, emphasized the impact of collaboration with key innovators like Shean Dillon of U. Inc. and Curtis Khan of BookJane in disrupting the workforce sector. People2.0 is recognized as a leader in enabling flexible, mobile work arrangements, providing support services and benefits to remote workers globally. This move positions XTM as a leading fintech innovator in the hospitality and service sectors.

XTM Inc. (XTM), a Miami and Toronto-based fintech company, announced the launch of its Timely™ product, designed to incentivize healthcare workers with monetary bonuses for fill-in and surge shifts. Utilizing its collaboration with Payfare for US banking, Timely is built on the Today Financial™ Platform, integrating features like time and attendance tracking, geo-location, and gamification to boost employee engagement. With over 50,000 healthcare users from BookJane, XTM aims to address labor challenges in the healthcare sector and enhance worker motivation. The initiative is expected to drive shareholder value and improve operational engagement.

XTM Inc. has achieved a remarkable milestone by onboarding 78 locations of a hair salon franchised network to its Today program within 24 hours, marking a 680% increase from previous daily records. The fintech company, known for its payment solutions and staff management innovations in the hospitality sector, emphasizes the role of automation in scaling its operations. CEO Marilyn Schaffer expressed confidence in meeting client needs as they expand their offerings. Recently, XTM announced new ancillary revenue streams gaining market traction, showcasing its ongoing commitment to innovation.

XTM Inc. (XTM, QB: XTMIF / CSE:PAID) has announced a new partnership with Payfare Inc. (TSX:PAY), aimed at enhancing its financial services for the hospitality and personal care sectors. This collaboration will integrate XTM’s Earned Wage Access (EWA) solution with Payfare’s digital banking platform, enabling quicker market entry in the US. XTM will transition its client banking operations to Payfare, with a full rollout expected by Q2 2023. CEO Marilyn Schaffer highlights that leveraging Payfare's success and banking relationships is pivotal for XTM's growth and profitability.

XTM Inc., a Miami and Toronto-based fintech company, announced its strategic focus and growth in the hospitality and service sectors. The company plans to release its 2022 year-end results by April 29, 2023. CEO Marilyn Schaffer highlighted the shift towards a SaaS model for product monetization, enhancing worker experience through expense management and gamification. She expressed confidence in the company's ongoing success, emphasizing that changes will take time to materialize. Despite positive market response, forward-looking statements suggest potential risks and uncertainties. For more information, visit XTM's website.

XTM Inc. reported significant growth in December, with Gross Dollar Value (GDV) reaching $50.4 million, reflecting a 14.4% increase from November. The company added nearly 100 new locations and 1,000 wallet holders during the month. A beta version of the ‘Budget Insights’ subscription service attracted over 1,000 opt-ins in its first two weeks. CEO Marilyn Schaffer expressed confidence in the company's momentum and the successful rollout of new business initiatives in the U.S., including staffing agency integrations and automated management solutions.

XTM Inc. has announced a strategic partnership with BookJane to offer workforce management solutions across healthcare and hospitality sectors. This collaboration allows BookJane to provide XTM’s on-demand pay platform to its extensive network in Canada, the US, and Europe, enhancing staff management capabilities. With multiple joint installations ready for deployment, the first launch is set with Breakaway Staffing in early Q1 2023. XTM’s services aim to address labor shortages and operational inefficiencies in these industries, contributing to increased revenue streams.

XTM, Inc. (QB: XTMIF / CSE: PAID) reported a 70% increase in revenue for Q3 2022, totaling just under $1.5MM, primarily from the Canadian market. The Gross Dollar Value (GDV) reached $137MM, a 182% growth year-over-year. Active users soared to 64K, reflecting a 154% rise from Q3 2021. However, Gross Profit dropped by $84K, or 22%, due to increased engineering costs. Cash reserves decreased to $4.2MM, primarily due to operational funding and investments in product innovation.