ParcelPal Logistics Inc C.PKG

AND SO IT BEGINS,, HOT OFF THE PRESS >NICE> PMV.10

[beentheredoneit]

 

ParcelPal Technology Inc

Canadian Securities Exchange:PKGCanadaView on OTC Pink - Current Information

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• As of 2020-08-31 at 03:30:15 PM ET
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  0.10
• TODAY'S CHANGE (%)
  Trending Down-0.01 (-5.00%)

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• Bid / Lots
  0.09/ 106
• Ask / Lots
  0.10/ 102
• Open / Previous Close
  0.09 / 0.10
• Day Range
  Low0.09

   

   

   

  High0.10
• 52 Week Range
  Low0.05

   

   

   

  High0.17
• Volume
  342,397

  above average

 

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1 Day Comparison Chart Accessibility Table. Friday's close: 0.1

Time	Volume	PKG
10:03 ET	32000	0.09
11:26 ET	12000	0.095
01:15 ET	5000	0.09
01:24 ET	208000	0.095
02:09 ET	41500	0.09
02:18 ET	500	0.09
02:24 ET	8000	0.09
03:25 ET	14000	0.095

 

RECENT NEWS

 

 

Today

ParcelPal Technology, Inc. Reports Record Second Quarter 2020 Financial Results Highlighted by Quarterly year over year Revenue Growth of 88% Coupled with a 59% Lower Net Loss

30 minutes ago by GlobeNewswire

 

ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce its financial results for the period ended June 30, 2020 ("Q2 2020"), highlighted by significant revenue growth and a significantly lower net loss compared to the same period 2019.

Overview

In Q2 2020, the Company continued its operating growth, which was driven by revenue growth of nearly 88% to approximately $1,445,587 (up from $802,034 in Q2 2019). It should also be noted that this was a record revenue high for Q2 since inception of the Company. Equally important, the Company's net loss decreased 59% to $802,034 (compared to $1,946,831 in Q2 2019). Some additional highlights of the quarter include both a significant increase in business with Amazon, as well as continued diversification of our customer base and into other areas driven by home meal kits and large retail store chain deliveries. The Company had also announced new agreements that were recently signed, including customers in the flower delivery space (with two different companies), a small beverage company, a grocer, a pet supply store, and a nationwide meal delivery kit company (our second of this type since February 2020).

Our revenue growth and net loss reductions are, in large measure, driven by our business expansion plan, in which we continue to invest in our product development, retain higher margin customer agreements, ramp up our staffing levels to meet the increase in business, increase our focus on client diversification, and begin our geographic expansion.

CEO Rich Wheeless stated, "I am very pleased that in this second quarter we made significant headway in executing the plan I laid out when I started with the Company in March 2020, and we will continue to take actions to continually strengthen our business. This includes a focus on what we do best, including, but not limited to, retaining larger customers, entering into new business arrangements and agreements and having operations in multiple site locations, all of which has enabled us to scale at a faster pace. Importantly, these economies of scale have helped lead us to better margins. Additionally, management has made major progress in reducing expenditures while aligning our strategy and marketing plans. It is important to note that due to the COVID-19 pandemic, we believe that there is and will be a continued shift in consumer behavior, which is beneficial to our business model and should also be accretive in the next quarter and beyond. I look forward to providing new and relevant information in the upcoming quarters."

[Swingzup1]

Everyone u share this OTC make screenshot and say PKG gonna start running here we go......nothing happens the next day and it usually opens lower hahahah. I dunno why u share this stuff

[Swingzup1]

Everytime*** not everyone

[SmartmoneyBog]

What's everyone's thoughts on Qtr 2 revenue? I was hoping a bit higher. where do we go from here? I hope Rich and his team don't go dark for another couple of months. The shareholders need to be updated if this stock is going anywhere. How about some preliminary numbers on the Ontario market? Qtr 3 should blow #2 out of the water with Ontario on board. Thoughts?

[Swingzup1]

Q3 will be interesting when comparing to Q2. Q3 YOY will without a doubt show similar growth we have seen from Q1 and Q2 but when comparing Q2 to Q3 you have to not only consider some of new contracts and Ontario but also the fact that covid is slowing down and the surge in demand for delivering tapering off a bit. So what I'm saying is Q3 will show growth but I wouldnt expect a Q2 blowout

[Swingzup1]

Q3 will be interesting when comparing to Q2. Q3 YOY will without a doubt show similar growth we have seen from Q1 and Q2 but when comparing Q2 to Q3 you have to not only consider some of new contracts and Ontario but also the fact that covid is slowing down and the surge in demand for delivering tapering off a bit. So what I'm saying is Q3 will show growth but I wouldnt expect a Q2 blowout

[Swingzup1]

Opening at 0.09 again LOL. No more of these screenshots pls save your time brother.

[SmartmoneyBog]

Not looking very promising. Going to be a lot of investors selling off and moving on from this stock!!

[Swingzup1]

I would say more quick traders will be moving on then we will see some rise....The companies financials looked good for anyone who has been long on this company. If u were looking for a quick spike then this has let you down, which explains the selling up to this point.  As a long term investor though(without trying to hype the stock) i see this company is moving in the right direction and

[beentheredoneit]

Perfect time to add o holdings BUT ignore kids shorters and bashers & NUTS LOOKING GOOD BTDit