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Payfare Inc

Technology CA PAY

3.82CAD
1.71(81.04%)

Last update at 2024-12-23T19:19:00Z

Day Range

3.763.85
LowHigh

52 Week Range

1.768.90
LowHigh

Fundamentals

  • Previous Close 2.11
  • Market Cap98.08M
  • Volume3001677
  • P/E Ratio5.23
  • Dividend Yield-%
  • EBITDA16.86M
  • Revenue TTM216.87M
  • Revenue Per Share TTM4.50
  • Gross Profit TTM 15.14M
  • Diluted EPS TTM0.39

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -2.87358M -21.37454M -26.32404M -23.90278M -13.40562M
Minority interest - - - - -
Net income -2.93635M -21.78056M -26.70291M -23.43754M -13.40562M
Selling general administrative 10.22M 16.51M 13.93M 12.66M 10.32M
Selling and marketing expenses 3.93M 0.20M 0.00545M 0.11M 0.34M
Gross profit 15.14M 1.33M -0.45633M -0.78925M -0.04170M
Reconciled depreciation 1.38M 0.95M 1.14M 1.05M 0.55M
Ebit -3.67515M -18.35331M -16.54806M -15.33033M -12.84827M
Ebitda -1.44253M -19.38283M -22.73062M -14.74960M -12.29715M
Depreciation and amortization 2.23M -1.02953M -6.18256M 0.58M 0.55M
Non operating income net other - - - - -
Operating income -3.67515M -18.35331M -16.54806M -15.33033M -13.07310M
Other operating expenses 133.60M 62.13M 29.52M 21.87M 15.73M
Interest expense 0.00177M 0.64M 2.08M 8.57M 0.56M
Tax provision 0.06M - - - -
Interest income 0.85M 0.25M 9.87M 8.89M 0.19M
Net interest income 0.85M -2.61522M -9.87473M -8.57244M -0.57498M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.06M 0.41M 0.38M -0.46523M 0.46M
Total revenue 129.93M 43.78M 13.45M 6.31M 3.59M
Total operating expenses 18.82M 19.68M 15.61M 14.77M 12.10M
Cost of revenue 114.79M 42.45M 13.91M 7.10M 3.63M
Total other income expense net 0.80M -3.02124M -9.77598M -8.57244M -0.33252M
Discontinued operations - - - - -
Net income from continuing ops -2.93635M -21.37454M -26.32404M -23.90278M -3.81871M
Net income applicable to common shares -2.93635M -21.37454M -26.32404M -23.90278M -13.40562M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 301.65M 217.07M 224.29M 31.72M 36.03M
Intangible assets 5.61M 3.32M 1.10M 1.06M 1.30M
Earning assets - - - - -
Other current assets 210.78M 161.77M 176.91M 27.42M 28.48M
Total liab 230.40M 167.45M 176.42M 43.88M 34.05M
Total stockholder equity 71.25M 49.63M 47.87M -12.15925M 1.98M
Deferred long term liab - - - - -
Other current liab 207.59M 167.40M 176.21M 25.82M 25.13M
Common stock 145.15M 136.92M 136.72M 52.57M 41.96M
Capital stock 145.15M 136.92M 136.72M 52.57M 41.96M
Retained earnings -92.30607M -104.32496M -101.38862M -80.01407M -53.69003M
Other liab - - - - -
Good will - - - - -
Other assets - 1.76M - - -
Cash 78.15M 42.59M 40.93M 1.62M 0.95M
Cash and equivalents - - - - -
Total current liabilities 230.40M 167.45M 176.39M 43.88M 34.05M
Current deferred revenue - 0.00940M 0.12M 0.18M -
Net debt -78.15332M -42.55024M -40.87111M 16.26M 7.97M
Short term debt - 0.04M 0.06M 17.88M 8.92M
Short long term debt - - - 17.88M 8.76M
Short long term debt total - 0.04M 0.06M 17.88M 8.92M
Other stockholder equity 18.47M 17.11M 12.57M 15.32M 13.75M
Property plant equipment - 0.16M 0.22M 0.05M 0.22M
Total current assets 295.93M 211.82M 222.98M 30.61M 34.51M
Long term investments - - - - -
Net tangible assets - 46.30M 46.77M -13.21488M 0.69M
Short term investments - - - - -
Net receivables 7.00M 3.63M 5.14M 1.42M 4.83M
Long term debt - - - - -
Inventory - - - - -
Accounts payable 22.81M 19.96M 11.38M 3.30M 3.21M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.06610M -0.07978M -0.03056M -0.03786M -0.03977M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -0.83845M 1.76M - - -
Deferred long term asset charges - - - - -
Non current assets total 5.72M 5.25M 1.32M 1.10M 1.52M
Capital lease obligations 0.00000M 0.04M 0.06M 0.00332M 0.17M
Long term debt total - 0.00000M 0.03M 0.00000M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3.55095M -1.06931M -0.72693M -1.08448M -2.22449M
Change to liabilities 7.61M 8.00M 0.26M -0.50449M 1.15M
Total cashflows from investing activities -3.55095M -1.06931M -0.72693M -1.08448M -1.09900M
Net borrowings -0.06000M -18.04616M 2.05M 7.74M 3.04M
Total cash from financing activities -2.73843M 55.10M 3.11M 13.02M 9.42M
Change to operating activities -4.51096M -9.65872M 1.76M -1.91132M 0.06M
Net income -2.93635M -21.37454M -26.32404M -23.90278M -13.40562M
Change in cash 1.66M 39.31M 0.67M 0.62M -0.22751M
Begin period cash flow 40.93M 1.62M 0.95M 0.33M 5.34M
End period cash flow 42.59M 40.93M 1.62M 0.95M 5.11M
Total cash from operating activities 7.87M -14.72137M -1.70604M -11.31342M -8.54957M
Issuance of capital stock 0.00000M 75.21M 0.39M 4.55M -
Depreciation 1.38M 0.95M 1.14M 1.05M 0.55M
Other cashflows from investing activities - - - - -2.20000M
Dividends paid 0.00000M 0.00000M 0.00000M 0.00000M -
Change to inventory - - - - 0.43M
Change to account receivables -1.11351M -0.84065M 3.02M 0.26M -1.45709M
Sale purchase of stock -5.42698M 79.89M 2.55M 6.23M 6.48M
Other cashflows from financing activities 2.75M 0.43M 5.67M 27.23M 6.34M
Change to netincome 7.44M 7.44M 10.64M 7.24M 4.55M
Capital expenditures 3.55M 1.07M 0.73M 1.08M 1.10M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 1.99M -2.49634M 5.04M -2.15653M -0.24041M
Stock based compensation 7.42M 5.52M 8.56M 4.93M 4.09M
Other non cash items -0.04436M 2.69M 9.88M 8.77M 0.46M
Free cash flow 4.32M -15.79068M -2.43297M -12.39790M -9.64857M

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
PAY
Payfare Inc
1.71 81.04% 3.82 5.23 12.12 0.47 1.15 0.12 1.06
BB
BlackBerry Ltd
0.12 2.28% 5.39 - 58.48 3.14 1.89 2.23 -37.6735
TIXT
TELUS International
0.03 0.48% 5.22 - 6.58 0.54 0.51 0.94 4.84
CVO
Coveo Solutions Inc
-0.01 0.15% 6.86 - 3333.33 5.12 3.63 2.76 -48.2939
STC
Sangoma Technologies Corp
-0.05 0.50% 9.95 - 714.29 1.26 0.85 1.16 6.62

Reports Covered

Stock Research & News

Profile

Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, money transfers, payment cards, and mobile wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app. Payfare Inc. was incorporated in 2012 and is based in Vancouver, Canada.

Payfare Inc

550 Burrard Street, Vancouver, BC, Canada, V6C 2B5

Key Executives

Name Title Year Born
Mr. Marco Margiotta Co-Founder, CEO & Chairman NA
Mr. Keith McKenzie Co-Founder & Director 1968
Mr. Charles Park CFO & Corp. Sec. NA
Mr. Brian Miller Chief Operating Officer NA
Mr. Kamran Haidari Chief Technology Officer NA
Su Chun Chief Compliance & Legal Officer NA
Mr. Ryan Charles Deslippe Co-Founder & Chief Revenue Officer NA
Mr. Braulio Lam Chief Product Officer NA
Mr. Marco Margiotta Co-Founder, CEO & Chair of the Board NA
Mr. Charles Park CFO & Corporate Secretary NA

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