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Payfare Inc

Technology CA PAY

6.65CAD
0.14(2.15%)

Last update at 2024-05-06T20:00:00Z

Day Range

6.596.74
LowHigh

52 Week Range

4.097.44
LowHigh

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 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
Total assets 217.07M 224.29M 31.72M 36.03M 11.60M
Intangible assets 3.32M 1.10M 1.06M 1.30M 1.07M
Earning assets - - - - -
Other current assets 161.77M 176.91M 27.42M 28.48M 5.38M
Total liab 167.45M 176.42M 43.88M 34.05M 13.69M
Total stockholder equity 49.63M 47.87M -12.15925M 1.98M -2.09451M
Deferred long term liab - - - - -
Other current liab 167.40M 176.21M 25.82M 25.13M 3.71M
Common stock 136.92M 136.72M 52.57M 41.96M 19.74M
Capital stock 136.92M 136.72M 52.57M 41.96M -
Retained earnings -104.32496M -101.38862M -80.01407M -53.69003M -29.78725M
Other liab - - - - 0.16M
Good will - - - - 4.23M
Other assets 1.76M - - - 0.82M
Cash 42.59M 40.93M 1.62M 0.95M 0.33M
Cash and equivalents - - - - -
Total current liabilities 167.45M 176.39M 43.88M 34.05M 13.69M
Current deferred revenue 0.00940M 0.12M 0.18M - -
Net debt -42.55024M -40.87111M 16.26M 7.97M 9.65M
Short term debt 0.04M 0.06M 17.88M 8.92M 9.98M
Short long term debt - - 17.88M 8.76M 0.00685M
Short long term debt total 0.04M 0.06M 17.88M 8.92M 9.98M
Other stockholder equity 17.11M 12.57M 15.32M 13.75M 6.54M
Property plant equipment 0.16M 0.22M 0.05M 0.22M 0.11M
Total current assets 211.82M 222.98M 30.61M 34.51M 10.43M
Long term investments - - - - -
Net tangible assets 46.30M 46.77M -13.21488M 0.69M -3.16056M
Short term investments - - - - -
Net receivables 3.63M 5.14M 1.42M 4.83M 4.50M
Long term debt - - - - 0.00766M
Inventory - - - - 0.25M
Accounts payable 19.96M 11.38M 3.30M 3.21M 3.71M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.07978M -0.03056M -0.03786M -0.03977M 1.41M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 1.76M - - - -
Deferred long term asset charges - - - - -
Non current assets total 5.25M 1.32M 1.10M 1.52M 1.17M
Capital lease obligations 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

Fundamentals

  • Previous Close 6.51
  • Market Cap325.01M
  • Volume61589
  • P/E Ratio28.33
  • Dividend Yield-%
  • EBITDA8.62M
  • Revenue TTM174.42M
  • Revenue Per Share TTM3.73
  • Gross Profit TTM 15.14M
  • Diluted EPS TTM0.24

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		 0.14 2.15% 6.65 28.33 18.38 1.86 4.98 1.57 19.42
NVEI
Nuvei Corp		 0.11 0.25% 44.32 - 10.99 3.81 1.55 5.24 25.41
TIXT
TELUS International		 -0.11 1.00% 10.88 45.65 6.14 1.23 1.21 2.13 12.22
BB
BlackBerry Ltd		 0.10 2.49% 4.11 - 57.80 3.28 2.40 3.19 -69.7801
CVO
Coveo Solutions Inc		 -0.06 0.73% 8.14 - 2500.00 7.35 3.58 5.72 -26.7136

Reports Covered

Stock Research & News

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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, funds transfers, bill payments, and savings 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 headquartered 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

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