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Bullboard - Stock Discussion Forum XTM Inc XTMIF


Primary Symbol: C.PAID

XTM Inc. is a fintech creator of payment innovations including fully certified Earned Wage Access through its AnyDay product. AnyDay is an automated earned wage access and instant payments platform that helps employers recruit, retain and improve operational productivity. It supports businesses to encourage their workforce in the hospitality, personal care and service staffing industries. It is... see more

CSE:PAID - Post Discussion

XTM Inc > here is the problem
View:
Post by mingzhu on May 24, 2022 9:57pm

here is the problem

  • Gross Profit was $114K or 14.4% of revenue increased 56% or $41K compared to $73K or 28.8% of revenue for Q1 2021; revenue up and gross margin down from 28 % to 14%

Comment by divime1 on May 25, 2022 8:08am
Nice try but that's not a problem . This is a new growing company that is making a profit . The cost of sales this quarter was $682,239 as compared to $180,862 in 2021 . It takes more people and infastructure to increase revenue 214% .  Build it and they will come and they are coming . Who doesn't want to be paid at the end of every shift .
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