Bullboard - Stock Discussion Forum 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... see more

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TSXV:HANK - Post Discussion

Hank Payments Corp > Q3

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Post by Ebitduh on Nov 30, 2021 9:27am

Q3

Earnings out last night - results look very good:

Financial and Business Highlights:

Revenue grew over the same period last year by 25.3% to U$936,866
Cost of sales increased by only 6.9% over the same period last year to U$136,700
Gross Profit % grew over the same period last year by 2.5% to 85%
Cash used in operations reduced to U$36,606 from U$193,240, an 81% improvement

Executing Key Indicators of Performance:

Hank users managing mortgage payments increased by 22% since the beginning of the pandemic – March 1, 2020
Hank users managing multiple payments increased by 68% since the beginning of the pandemic and 17% since the beginning of calendar 2021
Multi payment customers processing fees are up 67% over their original onboarded monthly loan processing fees
Over 25% of Hank customers, with more than one loan on the platform, have at least one credit card on the platform, signalling a desire to reduce high yield debt
On average, customers with multiple payments and loans on the platform are using Hank for 2.81 household payments

https://myemail.constantcontact.com/HANK-PAYMENTS-DELIVERS-STRONG-FIRST-QUARTER-REVENUE-GROWS-25--YEAR-OVER-YEAR-GROSS-PROFIT-CLIMBS-TO-85--OF-REVENUE.html?soid=1135200990723&aid=FhfuV4HQTrg

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