XTM Inc. (C:PAID)
Business Focus: Transaction & Payment Services
| Sector: Industrials | Industry: Business Support Services |
| Company Contact | |
| Address: | Unit 437 - 67 Mowat Avenue. TORONTO ON M6K 3E3 |
| Tel: | N/A |
| Website: | https://www.xtminc.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| XTM Inc. is a Canada-based fintech company. The Company's main business is as a creator of disruptive payment innovations, including fully certified Earned Wage Access through its QRails AnyDay product. The Company is the originator of the Today Solution, a software solution originally designed for restaurateurs, personal care service providers, food delivery operators, and other businesses with a similar need to provide staff with funds in near real-time. It is comprised of a Today wallet accessible by a free mobile app, and a companion Visa or Mastercard debit card with free banking features. The Company maintains to transform with advanced digital featurization to support businesses to inspire workers to want to work more with shift scheduling and call-outs, staff management, expense management, in-app health and financial wellness, and gamified loyalty programs. Its free banking features and solution are used in various locations and staff across Canada, and the United States. |
| Financial Overview |
| For the nine months ended 30 September 2023, XTM Inc revenues increased 39% to C$4.9M. Net loss increased 79% to C$9.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Other expenses (income) increase from C$55K to C$1.6M (expense), Salaries and employee benefits increase of 56% to C$4.2M (expense), Professional fees increase from C$642K to C$1.3M (expense). |
| Employees: | 15 as of Sep 30, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $29.82M as of Sep 30, 2023 |
| Annual revenue (TTM): | $6.13M as of Sep 30, 2023 |
| EBITDA (TTM): | -$8.89M as of Sep 30, 2023 |
| Net annual income (TTM): | -$11.37M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$6.35M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 209,128,181 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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