Q3 2025 POSaBIT Systems Corp Earnings Call Transcript
Key Points
- POSaBIT Systems Corp (POSAF) achieved its first nearly $1 million adjusted EBITDA quarter, marking a significant milestone.
- Recurring SaaS revenues increased by 22% in Q3 compared to Q2, highlighting successful growth in their point-of-sale and e-commerce menu business.
- The company increased its cash on hand by nearly $0.5 million, ending the quarter with over $1.2 million.
- Gross profit margin improved to 81%, up from 43% in the same period last year, reflecting positive impacts from processor transition and recurring software revenue growth.
- Operating expenses decreased by 33% from Q3 of the previous year, driven by lower professional fees, employee costs, and share-based compensation.
- Total revenue for Q3 was $2.3 million, down from $3.8 million in the third quarter of the previous year, due to changes in legacy payment processing revenues.
- The company reported a small net loss of $596,000, although this was a 70% improvement over the previous year.
- The stock price does not reflect the true value of POSaBIT Systems Corp (POSAF), partly due to challenges in small markets like the CSE.
- The company has reduced its investment in public relations and investor relations due to a lack of return on investment, which may impact visibility.
- There are concerns about liquidity as a licensing deal that has been a significant cash source is expiring soon, although residuals will continue.
Good afternoon, everyone, and welcome to the POSaBIT Systems Corporation third quarter 2025 earnings call. (Operator Instructions) Please note, this conference is being recorded. I will now turn the conference over to your host, Oscar Dahl, Chief of Staff at POSaBIT Systems. Oscar, the floor is yours.
Thank you, operator. With me on this call are Ryan Hamlin, Chief Executive Officer; and Emily Egan, Senior Corporate Controller. I would like to begin the call by reading the safe harbor statement. This statement is made pursuant to the safe harbor for forward-looking statements described in the Private Securities Litigation Reform Act of 1995. All statements made on this call, with the exception of historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Although the company believes that expectations and assumptions reflected in these forward-looking statements are reasonable,
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