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Bullboard - Stock Discussion Forum Payfare Inc T.PAY

Alternate Symbol(s):  PYFRF

Payfare Inc. is a Canada-based international Earned Wage Access company powering instant access to earnings through a digital banking platform for the workforce. It partners with e-commerce marketplaces, payroll platforms and employers to provide financial security and inclusion for all workers. It partners with platforms and marketplaces, such as Uber, Lyft and DoorDash. It provides services... see more

TSX:PAY - Post Discussion

Payfare Inc > Cash burn estimate $5M/qtr
View:
Post by lscfa on Sep 30, 2024 12:31am

Cash burn estimate $5M/qtr

Q2 revenue = $56M, 80% DoorDash. => $11.2M when DoorDash leaves....25% margin = $2.8M gross profit.....corp overhead cash expense $8M/qtr => $5M/qtr cash burn
Comment by psmith on Sep 30, 2024 8:50am
that cash burn is before right sizing and other cost containment activities ...it will be less once things settle out
Payfare Inc
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