XTM Sees Third Straight Month of Record Growth for Its Today™ Program
XTM, Inc. reported significant growth in Gross Dollar Value (GDV), which increased by 14% in May, following a 6% rise in April and 54% in March 2022. This growth is attributed to new client signings and an increase in active users of its mobile banking and payment solutions. XTM's Today solution allows service workers immediate access to earned gratuities, benefiting both employees and restaurant operators.
CEO Marilyn Schaffer emphasized the company’s focus on expanding its user base and improving services, stating that XTM is more valuable than six months ago.
- GDV increased by 14% in May, following a 6% rise in April and 54% in March.
- Growth attributed to new client signings and increased active users.
- XTM's Today solution enhances operational efficiency in the hospitality sector.
- None.
NEW CLIENT SIGNINGS, GROWTH IN ACTIVE USERS RESULTS IN HIGHER GDV
Gross Dollar Value (“GDV”) is a non-IFRS metric the Company monitors to track performance.
The Today solution consists of a mobile app, digital account and debit card giving operators and servers the benefits associated with immediate earned gratuity access. With same day payout, servers have the advantage of same-day access to their funds to make point of sale transactions, pay their bills, make peer-to-peer transfers, and take advantage of XTM’s cash back rewards. Restaurant operators benefit from incentivized employees and improved time and attendance.
“XTM is sharply focused on fundamentals,” said
About XTM
XTM, www.xtminc.com, is a
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities legislation, including expected performance of XTM, the expectation that businesses with which XTM does business or have committed to do business will in the expected timeline, the continuing trend toward electronic payment methods, that the integrations will attract new business owners to use the Today program, and the general conditions and revenues of XTM. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. While XTM can make best efforts to estimate when businesses will re-open or back to pre-Covid 19 business levels there are no guarantees this will happen in the time the Company expects or if at all. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.
The CSE has not approved nor disapproved the contents of this press release, and the CSE does not accept responsibility for the adequacy or accuracy of this release.
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E: finance@xtminc.com
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