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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 YoEdweston Feb 25, 2021 1:38pm
117 Views
Post# 32659487

RE:Some Observations

RE:Some Observations
ignoring all the moving parts below the $1.26m loss
we saw an 8.4% sga increase over a 54% revenue increase
if GM holds at 20% ish and ttv to rev stays at 4%, it looks like they need about $290m a qtr ttv to generate a positive contribution before the "other income/expenses" 

expect some expense creep in all the wrong directions which always happens when revenues
blow up but I hope Dom et al will keep an eye on them and manage down, potential m&a suitors will be watching 

looking forward to Q3




 
 
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