POSaBIT Systems Corp (OTCPK:POSAF)

Q1 2026 POSaBIT Systems Corp Earnings Call Transcript

May 27, 2026 / 08:30 PM GMT

Release Date Price: $0.06 (+3.70%)

Transcript

Key Points

Positve

POSaBIT Systems Corp (POSAF) reported a profitable adjusted EBITDA of about $1 million for Q1 2026.
Adjusted gross profit dollars increased by 29% compared to Q1 2025.
The company successfully launched its first point of sale install in the New York market.
POSaBIT Systems Corp (POSAF) increased its cash on hand by $750,000 during the quarter.
The new brand portal has been well-received, with major brands in Washington signing up and gaining real-time sales insights.

Negative

Total revenue for the quarter declined to approximately $2.1 million from $2.8 million in the prior year period.
The company is transitioning away from legacy payment processing revenue streams, which contributed to the revenue decline.
Operating loss, although improved, was still approximately $206,000 for the quarter.
Net loss for the quarter was approximately $291,000, despite improvements from the previous year.
The company faces potential revenue gaps with the upcoming end of a significant four-year software licensing agreement in August 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PBIT.CD - POSaBIT Systems Corp
Q1 2026 POSaBIT Systems Corp Earnings Call
May 27, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, everyone, and welcome to the Posabit Systems Corporation First Quarter 2026 Earnings Call.

At this time, all participants are placed on a listen-only mode. We will be answering investor e-mail questions at the end of the call.

It is now my pleasure to hand the floor over to your host, Oscar Dahl. Sir, the floor is yours.

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Unidentified_2 [2]
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Thank you, operator. With me on this call are Ryan Hamlin, Chief Executive Officer and Emily Egan, Vice President of Finance.

I would like to begin the call by reading the Safe

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