Hank Payments Corp V.HANK

Alternate Symbol(s): HNKPF

Hank Payments Corp. provides consumer fintech software-as-a-service (SaaS) and banking-as-a-service (BaaS) platforms that manage consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion. The Hank stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts (Partners) that allow those partners to operate new lines of business and revenue streams, using Hank. The Company houses the complex technology, banking, treasury, customer service, sales and operations teams that acquire and service consumers. The Company acquires users through various channels, including small to medium-sized enterprises (the SME Partners) and large enterprise businesses (the Enterprise Partners). It provides solutions for education, lenders, automotive, equity builders and fintechs.

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Hank Payments Corp > Earnings?

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Comment by tinkvidon Nov 16, 2023 10:05am

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Post# 35738937

RE:RE:RE:Earnings?

For what its worth, Everything is moving in the right direction BUT there is someone continually taking THEIR opportunity to sell.
When the Stock started trading in 2021 over a buck and then walked the plank it pissed off alot of people, including those who financed at a buck.

I am on the bid to see if I can catch some tax loss selling but DYODD.

Financial highlights:

Adjusted loss declines materially to $1,814,056 ($3,072,185 for 2022), and loss from operations declines to $2,567,169 ($11,553,567 for 2022) for the year.
SMB revenue grew 11 per cent to $5,909,372 for the year ended June 30, 2023, versus $5,342,765 in 2022.
Annual average gross margins remain strong at 89 per cent.
Monthly recurring revenue per user increases by 11 per cent for the SMB sector.