Post by
retiredcf on Apr 04, 2024 8:31am
NR
Extract from their latest NR. GLTA
Payfare reaffirms its previously issued fourth quarter and full year 2023 guidance on its revenues and earnings. The delay in the Annual Filings is due solely to the delay in receiving the System and Organization Controls ("SOC 1") auditor's report from its material vendor and has no impact on the Company's financial outlook. The Company remains in constant communications with its vendor as it relates to such vendor's progress towards the completion of its SOC 1 audit.
Comment by
WillyGreen on Apr 04, 2024 9:38am
The news release has eased my worries over the delay. Should see this stock lift back to $7 as soon as this is over. With $2m of fcf per month, this company is fine.