Versapay Corp - Ordinary Shares VPYYF

Technology

VersaPay Corp is a financial technology company that provides cloud-based accounts receivable automation software and payment solutions for businesses. The company's only segments are VersaPay Solutions Through its VersaPay Solutions segment, the company focuses on electronic invoice presentment with its ARC software (ARC) and develops value-added payment technologies, such as its PayPort and VersaPay Gateway. It sells its products to customers in Canada and the United State.

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Versapay Corp - Ordinary Shares > Virtus Advisory Group Q3 Commentary

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Comment by luberonon Nov 16, 2017 11:05pm

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RE:Virtus Advisory Group Q3 Commentary

>> Gross margin amounted to 73.3% in Q3’17 compared to 55.2% in Q3’16, attributable to ARC accounting for larger portion of the revenue.

Interesting tidbit of note picked from the call:

- the trend in usage between ARC and PayPort is moving increasingly towards ARC. Was formerly 40/60 and now 50/50. ARC revenue is on a predictable MRR (monthly recurring revenue) basis while PayPort is transaction-based and geared to smaller users.

- the gross margin on ARC is >90%

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