POSaBIT Systems Corporation C.PBIT

Preannounces Record Q3 Revenue of $6.36 Million, Up 177%

[Betteryear2]

November 10, 2021 07:30 AM Eastern Standard Time

TORONTO & SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, today announced certain preliminary financial results for the third quarter ended September 30, 2021.

The company expects total revenue of approximately $6.36 million, up 177% compared with $2.3 million in the third quarter of 2020.

Conference Call

POSaBIT is pleased to report strong revenue. The company is working on allocations between cost of goods and operating expenses. POSaBIT will report the remaining financial items in the coming weeks and announce the revised date for an earnings conference call, anticipated to be on or before November 30, 2021.

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