Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jun 02, 2021 2:55pm
191 Views
Post# 33312200

RE:Elephant in the room !!!

RE:Elephant in the room !!! Not seeing it as 21 million in revenue. My take is the fact that BNXA is not intending to hold Crypto is making for wonky CofGS.  The way I move past the noise in the reported rev and CofGS is to use Gross Profit as sales.  Using 6 million as quarterly sales we get 24 million annual and market cap of something like 7 to 8 times annual sales.  Current price in a growing tech company not overly rich is my take.  It is easy to see a share price back near ATH if BTC pushes to a ATH.  That being said, there is risk in this name and space hence dropping big time is also a possibility.  Bottom line for me is I not looking at CofGS as a percent of revenue.  Not at all.  Gross profit is revenue in my opinion.  I add under 4 bucks when I get the chance ( under current marketband business conditions ).
<< Previous
Bullboard Posts
Next >>