Nuvei obviously has cost control problem as their same quarter last year revenue went up over 43.335%, but their net profit levels have gone down significantly.
From an accounting standpoint, to have an increase in revenue and decrease in profit raises red flags about gross mismanagement and true revenue reporting.
Normally, when revenue dramatically increases, net profit is suppose to increase, not go down dramatically.
Perhaps a major audit from the Canada Revenue Agency and IRS is needed to get to the bottom of their Income Statement Imbalance.
At the end of the day, when a company like Nuvei reports major revenue increases, but profits are not be reflective of it, you know that something is wrong.