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XTM Inc. (C:PAID)

Business Focus: Transaction & Payment Services

Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 67 Mowat Street
TORONTO CA M6K 1E3
Tel: N/A
Website: xtminc.com
IR: See website
Key People
N/A    
Business Overview
XTM, Inc. is a Canada-based fintech company. The Company provides mobile banking and payment solutions. The Company is a global card issuer, payment specialist, and marketing solutions company. The Company's Products include issuing cards, pre-authorized debit, direct deposit accounts, digital banking, visa direct, among others. XTM has built end-to-end solution and all the systems and processes in place from employer on-boarding, to worker sign-up via mobile app, to instant issuance of the MyToday Mastercard, to same day delivery of disbursements. It has committed to also provide free to every user, a full featured mobile wallet solution linked to the Mastercard allowing a full suite of services including bill payment, instant transaction history, Automated Teller Machine (ATM) withdrawals, Interac e-transfers and more. The Company's toolkit includes white-labeled mobile apps, white labeled admin and user portals, custom prepaid cards, among others.
Financial Overview
For the nine months ended 30 September 2020, XTM Increvenues decreased 14% to C$575K. Net loss increased 9% toC$1.6M. Revenues reflect Net revenue decrease of 75% toC$168K. Higher net loss reflects Professional fees increasefrom C$106K to C$299K (expense), Bank charges and interestincrease from C$13K to C$130K (expense), Salaries andemployee benefits increase of 16% to C$742K (expense).
Employees: 15 as of Sep 30, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $25.80M as of Sep 30, 2020
Annual revenue (TTM): $0.77M as of Sep 30, 2020
EBITDA (TTM): -$1.80M as of Sep 30, 2020
Net annual income (TTM): -$2.14M as of Sep 30, 2020
Free cash flow (TTM): -$1.81M as of Sep 30, 2020
Net Debt Last Fiscal Year: $0.47M as of Sep 30, 2020
Shares outstanding: 95,637,943 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization