Banxa Holdings Inc V.BNXA

news Q2 financials and explosive top line growth

[YoEdwest]

remember recfent events won't hit the books until Q3  

Banxa Reports Second Quarter Financial Results and Record Setting Revenue

Highlights:

• Total Transaction Value (TTV) for December 2020 six months period increased by 780% to $195m from $25m for the same period in 2019
• Revenue for the six months period increased by 124% to $7,399,281 from $3,308,586 for the same period in 2019
• Revenue for the three months period increased by 228% to $4,496,380 from $1,371,529 for the same period in 2019
• Adjusted EBITDA Profit of $95,959 for the three months period ending December 2020
• December 2020 Quarter vs September 2020 Quarter TTV growth increased by 32% from $84m to $111m
• $12.8m in Current Assets (Cash, Accounts Receivable and Coin Inventory)
• Increase in Inventory holding; 136 Bitcoins as of December 31, 2020

[Urbani]

recent results ... should look stellar .... Revenue for the three months period increased by 228% to $4,496,380 Dece 31, 2020 !! The listing costs and such hurt the bottom line in last quarter... Much better than I thought for last quarter ! NC - to get an idea here people... three months ended October 31, 2020, the Company recorded $105,475 in revenues. During the most recent quarter, the

[YoEdwest]

I sure wasn't expecting profitability this early, no wonder they are challenged by the growth. Somebody in HR is working 100 hour weeks right now. revising target above $4.00  

[Urbani]

You are funny... $4.00 a share?? The annualized run rate from Dec. 31,2020 is $16 Million in revenue a Year with low overhead ! That is 10 times at $4.00 or $160 million market cap !!!! They are more than likely doing an anualized annual rate of $22 million plus now and growing.. We are taking here heading towards $10 a share right now... VYGR rev... same as BNXA .... just saying

[Urbani]

SO at $53 Million in TTV in January ... was $111 Million in TTV in last quarter for $4,4 Million in Reveune ... $159 Million at very low end for this quarter... Jan, Feb, March... Is about 43 percent more min... Revenues right now annualized are $6 Million per quarter and $24 Million per YEAR !!!! And someoen said they are revising to $4.00 a share?? with 41 million shares outstanding that'

[Urbani]

Where does this put BNXA then at more than likely a annual run rate of $24 Million plus now with little overhead... but was $16 Million annual end of Dec 31,2020 NC - $257,000 in Revenue for the quarter ------- SO at $53 Million in TTV in January ... was $111 Million in TTV in last quarter for $4,4 Million in Reveune ... $159 Million at very low end for this quarter... Jan, Feb, March... Is