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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Comment by rankininleton Jan 09, 2021 9:27pm
131 Views
Post# 32262348

RE:RE:RE:RE:RE:Voyager vs Banxa valuations

RE:RE:RE:RE:RE:Voyager vs Banxa valuationsUrbani, the challenge we have is the margin fluctuation inherent in crypto sales being a part of the margin calculation.  Total sales in Q1 was 2902901 split 1601809 comm'sn and 1301092 crypto sales.  Q1 Margin is ~3.46.  2020YE margin is ~9.80.  2019YE margin is ~17.36.  THESE ARE MASSIVELY DIFFERENT MARGINS!  The basis for the margin fluctuation is the mixture of crypo sales with commissions. My question to the board is how do we estimate crypto sales only, separate from comm'ns?  Since 2017 peak crypto price the company says crypto sales revenue declines due to price decline for crypto.  We have reverse now thus my question is how will current crypto price mania impact crypto sales?  I am thinking the margin from Q1 of 3.46 may be too low for Q2 and the start of Q3 because it not factor in crypto price increase.  Other question I have is I wondering if we will ever return to prior year 9.80 margins or higher as per the prior crypto run-up?The only solution I have is to calculate commissions revenue separate from crypto sales.  Problem is I not yet figure out how to estimate crypo sales!  Any suggestiobs?
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