Q2 2026 POSaBIT Systems Corp Earnings Call Transcript
Key Points
- POS revenue increased 64% year-over-year to approximately $1 million in Q2 2026.
- Gross profit grew 10.5% to $2 million, with gross margin expanding to 91% from 70%.
- Adjusted EBITDA surged 177% to $1 million, reflecting strong cash-generating power.
- Cash on hand rose 34% quarter-over-quarter to $3.34 million, with $850,000 in positive operating cash flow.
- The company is expanding its e-commerce platform and brand portal, with most top 10 brands in Washington now subscribers.
- Total revenue declined 15% year-over-year to $2.3 million due to the shift to an agent-only payment model.
- Operating loss widened to $201,000 from operating income of $207,000 a year ago, partly due to a non-recurring FX gain.
- Net loss was $315,000 compared to net income of $635,000 in the prior-year period, impacted by one-time items.
- The company remains heavily reliant on Washington state, with limited expansion in other states.
- Management acknowledges the stock is undervalued, but low trading volume and liquidity hinder insider purchases and investor interest.
Greetings and welcome to the POSaBIT Systems Corporation second-quarter 2026 earnings call. At this time, all participants have been placed on a listen-only mode. We will be monitoring for questions and comments via email, but we will not be taking questions from the phone lines. You can submit any questions or comments to [email protected]. Please note this conference is being recorded.
It is now my pleasure to turn the floor over to your host, Oscar Dahl. The floor is yours.
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 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
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