Banxa Holdings Inc V.BNXA

Sedar financial details.

[alleyesonme]

2 690 000 is the tsx listing expense..... One time expense..... If that wasent their we would be in nice profit territory....

[Vancity1]

Realize they listed on the tsxV which is much cheaper to list on than the TSX. Where does it say they spent 2.5 mil on listing ? 

[alleyesonme]

Page 30 last page

[Urbani]

VAN !!! IT IS RIGHT ON THE NEWS RELEASE ON STOCKHOUSE RIGHT ABOVE THE FRIGGING BULLBOARDS !!!!!!!!!!!! wow

[Vancity1]

Ahah my bad that line slipped past me. Got it thanks. 

[Urbani]

Ha, no worries... I am just excited I think too... can not get over the Dec. 31, 2020 quarter results .... My numbers were almost bang on from early January as to what we got... Now my numbers going forward are showing HUGE reveunes for BNXA.... But the market has not caught on yet. $100 Million market cap and more than likely right now doing over $25 Million annual run rate now for Revenue

[Vancity1]

A marketing campaign would be great although I think they need to hire more support staff and figure out how to speed up the customer experience. 

[Order66]

Agreed. They need to make sure they maintain public trust. The delays aren't entirely in their control, but managing and maintaining customer experience will make sure people keep trusting them. Also, from the Twitter feeds etc it looks like they weren't taking on new clients for some time to manage existing clients which I see as a positive for wanting to maintain the customer experience

[alleyesonme]

.5 m loss for 3 months ended dec 31st. Subtract the listing fees and this would be 2.1m profit. Those are huge margins!

[YoEdwest]

what is the unrealized gain of $2.37m and will it be repeated ? with average BC values doubling vs Q2 and transaction volumes also x2 the net could result in Q3 ttv and rev x4 or 5, is that realistic ?       

[alleyesonme]

Completely realistic. Feb TTV is going to be crazy. I wouldn't be surprised to see it higher than the entirety of second half 2020. Fintec man, ramp up in TTV requires little to no capex. Why did they release early financials. I think because the TTV is so massive they are itching to share and want to spread that news release a little further away from financials to build momentum.

[Vancity1]

Definitely and next Q numbers will show crazy growth compared to today's release HODL and accumulate.