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Hello Pal International Inc C.HP

Alternate Symbol(s):  HLLPF

Hello Pal International Inc. (Hello Pal) is a provider of an international live-streaming, language learning and social-crypto platform. The Company’s Hello Pal Platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focuses on social interaction, language learning and travel. Hello Pal has been designed to use and enable users’ freedom to speak in their own language regardless of the other person’s language they are speaking to. The Hello Pal platform offers Livestreaming Service, Moments Features, Charm, Chat & Translations, and User Growth & Privacy. Livestreaming allows Hello Pal users to broadcast themselves to other users in real time, receive virtual gifts, coins and redeem them for cash. Moments Features allows people to share moments of their lives, in the form of pictures, short videos, audio and text, with other users on the platform. Charm is a form of currency that is used throughout the Hello Pal Platform.


CSE:HP - Post by User

Post by stockzorgon Jun 29, 2021 12:57am
238 Views
Post# 33464630

2021 Annual Results are posted to sedar.ca

2021 Annual Results are posted to sedar.caResults are posted to sedar.ca. Revenues for the year ended February 2021 increased by 1450% over 2020. Gross Margin was positive. Working Capital went from negative $2.2 million to positive $1.9 million. Assets are 2x Liabilities. Net loss is composed mostly of non-cash items - issued shares for the software and depreciation. Software is being depreciated very quickly and that might not be much of a factor going forward. Fourth quarter revenue was >$7 million, so the run rate for 2022 revenue looks to be at least double 2021 (assuming no revenue from crypto mining). Overall I think this is a significant improvement in the balance sheet and revenue performance. The critical success factors for 2022 FY will be continued increase in active livestream users and maintaining the upward revenue trends.
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