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Tenet Fintech Group Inc. (C:PKK)

Business Focus: Financial Technology (Fintech) (NEC)

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for PKK within the last 6 months
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Company News

May 03, 2024 16:56 ET
Tenet Publishes CEO Q&A Interview on Year-End 2023 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 3, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today published the interview conducted with Company CEO Johnson Joseph on the year-end 2023 financial results filed on April 29, 2024. The interview is available on the Tenet website and can be access by clicking on the following link: Tenet_Year-end_2023_Results_QandA.
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Apr 30, 2024 07:00 ET
Tenet Reports Year-End 2023 Financial Results
Toronto, Ontario--(Newsfile Corp. - April 30, 2024) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), today announced its financial results for the year ended December 31, 2023. The Company reported revenue of $42.08 million, compared to $109.88 in 2022, and a net loss of $78.33 million for the year, of which a total of $47.93 million was attributed to amortization of intangible assets, impairment of goodwill and impairment of intangible assets. Cash flow from operations was negative ($3.91) million in 2023 compared to negative ($4.76) million in 2022. The non-cash impairment charges relate to delays in forecasted revenue from the Company's platforms in both China and Canada. The Company is hopeful that a significant portion of these impairment charges (excluding goodwill) may be reversed in future quarters as the platforms become significant revenue generators for the Company. All amounts in this news release are in Canadian dollars unless otherwise indicated.
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Valuation Ratios

Industry
Sector
Beta
1.64
--
--
Price to Sales - TTM
0.25
8.59
4.51
Price to Book - most recent quarter
0.31
2.61
2.41
Price to Cash Flow per share - TTM
--
9.76
10.81
Price to Free Cash Flow per share - TTM
--
2.40
21.58
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Apr 30, 202411,149-122
Apr 15, 202411,271-65,051
Mar 31, 202476,32248,835
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Business Summary

Sector:  Technology Industry:  Financial Technology (Fintech)

Tenet Fintech Group Inc. is a parent company of a group of financial technology (Fintech) and artificial intelligence (AI) companies. The Company's subsidiaries use technology, analytics and AI to create an ecosystem of small and medium-sized enterprises (SMEs) to carry out a range of interactions and transactions, including in the commercial lending space. Its subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Cubeler Business Hub. Cubeler Business Hub is a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business (B2B) transactions among its members. Cubeler Business Hub helps create connections among SME execs across industries and regions. The Cubeler Business Hub uses AI and analytics to match and pre-qualify businesses with credit offers from various financial institutions, to detect trends, predict outcomes and provide insights, and facilitate business connections.

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