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POSaBIT Systems

CNSX:PBIT
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PBIT
CNSX
CA$9M
Market Cap
  1. Home
  2. CA
  3. Software
Company description

POSaBIT Systems Corporation, a financial technology company, provides blockchain-enabled payment processing and point-of-sale systems for cash-only businesses with a focus on the cannabis industry. The last earnings update was 17 days ago. More info.


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  • POSaBIT Systems has significant price volatility in the past 3 months.
PBIT Share Price and Events
7 Day Returns
-12%
CNSX:PBIT
-2.4%
CA IT
1.2%
CA Market
1 Year Returns
-
CNSX:PBIT
17.1%
CA IT
-0.2%
CA Market
PBIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
POSaBIT Systems (PBIT) -12% -35.3% -66.7% - - -
CA IT -2.4% 2.2% 0.6% 17.1% 65.1% 164.3%
CA Market 1.2% 4.2% 1.5% -0.2% 8.4% 1.8%
1 Year Return vs Industry and Market
  • No trading data on PBIT.
  • No trading data on PBIT.
Price Volatility
Industry
5yr Volatility vs Market

PBIT Value

 Is POSaBIT Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether POSaBIT Systems is trading at an attractive price based on the cash flow it is expected to produce in the future. But as POSaBIT Systems has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for POSaBIT Systems. This is due to cash flow or dividend data being unavailable. The share price is CA$0.11.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for POSaBIT Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are POSaBIT Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:PBIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.14
CNSX:PBIT Share Price ** CNSX (2019-09-13) in CAD CA$0.11
CNSX:PBIT Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.754 $0.08
North America IT Industry PE Ratio Median Figure of 77 Publicly-Listed IT Companies 34.01x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 14.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of POSaBIT Systems.

CNSX:PBIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:PBIT Share Price ÷ EPS (both in USD)

= 0.08 ÷ -0.14

-0.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • POSaBIT Systems is loss making, we can't compare its value to the North America IT industry average.
  • POSaBIT Systems is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does POSaBIT Systems's expected growth come at a high price?
Raw Data
CNSX:PBIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.56x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for POSaBIT Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on POSaBIT Systems's assets?
Raw Data
CNSX:PBIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $-0.01
CNSX:PBIT Share Price * CNSX (2019-09-13) in CAD CA$0.11
CNSX:PBIT Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.754 $0.08
Canada IT Industry PB Ratio Median Figure of 21 Publicly-Listed IT Companies 2.22x
Canada Market PB Ratio Median Figure of 2,452 Publicly-Listed Companies 1.44x
CNSX:PBIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:PBIT Share Price ÷ Book Value per Share (both in USD)

= 0.08 ÷ -0.01

-6.36x

* Primary Listing of POSaBIT Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • POSaBIT Systems has negative assets, we can't compare the value of its assets to the CA IT industry average.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through POSaBIT Systems's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the IT industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess POSaBIT Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. POSaBIT Systems has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PBIT Future Performance

 How is POSaBIT Systems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as POSaBIT Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is POSaBIT Systems expected to grow at an attractive rate?
  • Unable to compare POSaBIT Systems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare POSaBIT Systems's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare POSaBIT Systems's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:PBIT Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada IT Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Canada IT Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:PBIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:PBIT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
CNSX:PBIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 4 -2 -5
2019-03-31 3 -1 -4
2018-12-31 2 0 -4
2018-09-30 2 -1 -5
2017-12-31 1 -1 -3
2016-12-31 0 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if POSaBIT Systems is high growth as no earnings estimate data is available.
  • Unable to determine if POSaBIT Systems is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:PBIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from POSaBIT Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:PBIT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
CNSX:PBIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.14
2019-03-31 -0.15
2018-12-31 -0.17
2018-09-30 -0.16
2017-12-31 -0.14
2016-12-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if POSaBIT Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. POSaBIT Systems's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  2. POSaBIT Systems's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess POSaBIT Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
POSaBIT Systems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PBIT Past Performance

  How has POSaBIT Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare POSaBIT Systems's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • POSaBIT Systems does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare POSaBIT Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare POSaBIT Systems's 1-year growth to the North America IT industry average as it is not currently profitable.
Earnings and Revenue History
POSaBIT Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from POSaBIT Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:PBIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3.92 -5.27 3.72
2019-03-31 3.25 -3.76 3.61
2018-12-31 2.44 -3.89 3.21
2018-09-30 1.67 -5.12 1.88
2017-12-31 0.67 -3.31 0.84
2016-12-31 0.04 -1.02 0.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if POSaBIT Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if POSaBIT Systems has efficiently used its assets last year compared to the North America IT industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if POSaBIT Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess POSaBIT Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
POSaBIT Systems has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PBIT Health

 How is POSaBIT Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up POSaBIT Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • POSaBIT Systems's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • POSaBIT Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of POSaBIT Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • POSaBIT Systems has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from POSaBIT Systems Company Filings, last reported 2 months ago.

CNSX:PBIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -1.00 0.40 0.39
2019-03-31 -0.16 0.20 0.66
2018-12-31 0.58 0.20 1.43
2018-09-30 1.45 0.20 0.62
2017-12-31 -4.13 4.46 0.21
2016-12-31 -0.91 0.97 0.03
  • POSaBIT Systems has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if POSaBIT Systems's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • POSaBIT Systems has less than a year of cash runway based on current free cash flow.
  • POSaBIT Systems has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.3% each year.
X
Financial health checks
We assess POSaBIT Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. POSaBIT Systems has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PBIT Dividends

 What is POSaBIT Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from POSaBIT Systems dividends.
If you bought CA$2,000 of POSaBIT Systems shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate POSaBIT Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate POSaBIT Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:PBIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America IT Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CNSX:PBIT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as POSaBIT Systems has not reported any payouts.
  • Unable to verify if POSaBIT Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of POSaBIT Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as POSaBIT Systems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess POSaBIT Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can POSaBIT Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. POSaBIT Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PBIT Management

 What is the CEO of POSaBIT Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ryan Hamlin
AGE 50
TENURE AS CEO 0.4 years
CEO Bio

Mr. Ryan Hamlin is a Co-Founder of POSaBIT, Inc. and serves as its Chief Executive Officer, President and Director since April 5, 2019.

CEO Compensation
  • Insufficient data for Ryan to compare compensation growth.
  • Insufficient data for Ryan to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the POSaBIT Systems management team in years:

0.4
Average Tenure
54.5
Average Age
  • The average tenure for the POSaBIT Systems management team is less than 2 years, this suggests a new team.
Management Team

Ryan Hamlin

TITLE
Co-Founder
AGE
50
TENURE
0.4 yrs

Jon Baugher

TITLE
Co-Founder
AGE
57

Steven Gledhill

TITLE
CFO & Secretary
AGE
58
TENURE
0.4 yrs

Andy Sweet

TITLE
Chief Technical Officer
AGE
52
TENURE
0.4 yrs

Laurie Rosini

TITLE
Chief Compliance Officer
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the POSaBIT Systems board of directors in years:

0.4
Average Tenure
55.5
Average Age
  • The average tenure for the POSaBIT Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Dossett

TITLE
Chairman of the Board
AGE
59
TENURE
0.4 yrs

Ryan Hamlin

TITLE
Co-Founder
AGE
50
TENURE
0.4 yrs

Jon Baugher

TITLE
Co-Founder
AGE
57
TENURE
0.4 yrs

Bruce Jaffe

TITLE
Director
AGE
54
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by POSaBIT Systems individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
23. Aug 19 Buy Jeffrey Dossett Individual 20. Aug 19 22. Aug 19 7,500 CA$0.19 CA$1,330
20. Aug 19 Buy Jeffrey Dossett Individual 19. Aug 19 19. Aug 19 2,500 CA$0.17 CA$425
31. Jul 19 Buy Andrew Sweet Individual 31. Jul 19 31. Jul 19 10,000 CA$0.22 CA$2,234
22. Jul 19 Buy Jeffrey Dossett Individual 18. Jul 19 18. Jul 19 100,000 CA$0.25 CA$25,000
14. Jun 19 Buy Jeffrey Dossett Individual 10. Jun 19 11. Jun 19 21,600 CA$0.35 CA$7,536
07. Jun 19 Buy Jeffrey Dossett Individual 03. Jun 19 07. Jun 19 17,500 CA$0.40 CA$6,690
04. Jun 19 Buy Jeffrey Dossett Individual 31. May 19 31. May 19 2,500 CA$0.35 CA$875
31. May 19 Buy Jeffrey Dossett Individual 29. May 19 30. May 19 5,000 CA$0.39 CA$1,848
29. May 19 Buy Jeffrey Dossett Individual 24. May 19 28. May 19 5,000 CA$0.43 CA$2,102
09. May 19 Buy Ryan Hamlin Individual 06. May 19 06. May 19 8,500 CA$0.48 CA$4,080
09. May 19 Buy Jeffrey Dossett Individual 06. May 19 06. May 19 8,700 CA$0.47 CA$4,089
08. May 19 Buy Andrew Sweet Individual 15. Apr 19 15. Apr 19 10,000 CA$0.45 CA$4,389
30. Apr 19 Buy Jeffrey Dossett Individual 25. Apr 19 29. Apr 19 27,300 CA$0.51 CA$13,796
26. Apr 19 Buy Jeffrey Dossett Individual 23. Apr 19 24. Apr 19 10,800 CA$0.55 CA$5,962
23. Apr 19 Buy Jeffrey Dossett Individual 18. Apr 19 22. Apr 19 23,600 CA$0.54 CA$12,419
22. Apr 19 Buy Jeffrey Dossett Individual 16. Apr 19 16. Apr 19 8,650 CA$0.46 CA$3,979
16. Apr 19 Buy Ryan Hamlin Individual 11. Apr 19 11. Apr 19 3,815 CA$0.62 CA$2,365
15. Apr 19 Buy Jon Baugher Individual 05. Apr 19 05. Apr 19 425,000 CA$0.18 CA$76,500
15. Apr 19 Buy Ryan Hamlin Individual 05. Apr 19 05. Apr 19 425,000 CA$0.18 CA$76,500
15. Apr 19 Buy Jeffrey Dossett Individual 05. Apr 19 05. Apr 19 50,000 CA$0.18 CA$9,000
15. Apr 19 Buy Paul Fiore Individual 05. Apr 19 05. Apr 19 50,000 CA$0.18 CA$9,000
X
Management checks
We assess POSaBIT Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. POSaBIT Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PBIT News

Simply Wall St News

POSaBIT Systems Corporation (CNSX:PBIT) Insiders Increased Their Holdings

We often see insiders buying up shares in companies that perform well over the long term. … So before you buy or sell POSaBIT Systems Corporation (CNSX:PBIT), you may well want to know whether insiders have been buying or selling. … POSaBIT Systems Insider Transactions Over The Last Year.

Simply Wall St -

PBIT Company Info

Description

POSaBIT Systems Corporation, a financial technology company, provides blockchain-enabled payment processing and point-of-sale systems for cash-only businesses with a focus on the cannabis industry. The company is headquartered in Kirkland, Washington.

Details
Name: POSaBIT Systems Corporation
PBIT
Exchange: CNSX
Founded:
CA$9,116,226
82,874,785
Website: http://www.posabit.com
Address: POSaBIT Systems Corporation
1128 8th Street,
Kirkland,
Washington, 98033,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX PBIT Common Shares Canadian National Stock Exchange CA CAD 08. Apr 2019
OTCPK POSA.F Common Shares Pink Sheets LLC US USD 08. Apr 2019
Number of employees
Current staff
Staff numbers
18
POSaBIT Systems employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/15 01:35
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2019/05/03
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.