Everyday People Stock Price, News & Analysis

Everyday People Financial Corp. (EPFCF) reported strong Q1 2025 financial results, with revenue increasing 20% to $17.7 million compared to Q1 2024's $14.8 million. The company's Revenue Cycle Management (RCM) segment showed significant growth, with RCM revenues reaching $15.1 million, up from $12.2 million year-over-year. Cash flow from operations improved substantially, turning from a negative $0.7 million to a positive $1.6 million. However, Adjusted EBITDA decreased to $2.1 million from $3.1 million in the same period last year. The company expects to increase its RCM client base by 40% following expansion announced in December 2024, with new contract revenues beginning to be recognized in Q2 2025.

Everyday People Financial reported strong financial results for FY2024, with revenue reaching $57.1 million, marking a 51% increase from 2023's $37.9 million. The company's growth was driven by successful acquisitions and scaling of non-lending financial services.

Key highlights include:

• Q4 2024 revenue was $8.8 million, down 9% from Q4 2023
• Net loss before tax increased to $6.7 million in 2024 from $2.5 million in 2023
• Revenue Cycle Management reached about $50 million with 15% EBITDA margins
• Successfully reduced $14.9 million in debt between July 2024 and February 2025

The company made accounting adjustments, including a $3.6 million revenue reversal and $2.8 million revenue deferral in Q4. On a fully adjusted basis, 2024 revenue would have been approximately $66.2 million. Looking ahead, the company aims for net profitability in 2025 through RCM acquisitions and expanded Financial Services.

Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced executive leadership changes to support growth across its two core business platforms. The reorganization focuses on:

Revenue Cycle Management (RCM): Barret Reykdal becomes Co-CEO overseeing North American operations, while Graham Rankin continues as Co-CEO for UK operations. The RCM division helps organizations manage receivables without purchasing consumer debt.

Financial Services: Tyler Hatch, former COO of Financial Services, is appointed Co-CEO of this division, which provides digital payment products and credit access programs. Hatch played a key role in establishing the company's Health Spending Account program and strategic partnership with an Alberta health benefits administrator.

The restructuring aims to scale the company's capital-light business model while maintaining its commitment to ethical, customer-first financial solutions.

Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced a strategic partnership with an established Alberta-based health benefits administrator, effective March 25, 2025. The unnamed partner has over 30 years of experience and has managed claims for more than 300,000 individuals.

The partnership focuses on scaling Everyday People's proprietary Health Spending Account (HSA) Mastercard platform across Canada. The agreement enables joint marketing and management of HSA benefit plans through a co-branded prepaid Mastercard solution, supported by Everyday People's program management services and technology infrastructure.

The company targets a market of 8-9 million working Canadians, noting that the initiative requires no capital to scale while driving significant net margins. The partnership is currently active and aligns with Everyday People's strategy to expand its digital financial services.

Everyday People Financial Corp. (EPFCF) has achieved a significant debt reduction of $14.9 million between July 2024 and February 2025, resulting in annualized interest savings of $1.7 million. The reduction came from two main sources:

1. The EP Homes business line transition led to a $8.3 million debt reduction (73% decrease) through inventory sales, dropping from $11.4M to $3.1M, saving $1.0M in annual interest.

2. Financial Services settlement agreements resulted in a $6.6 million debt reduction with $720,000 in annual interest savings.

The company announced plans to apply for uplisting from TSXV to TSX, aiming to increase visibility and market access. Additionally, the Board approved 570,000 RSUs for officers and management, vesting one year from grant date.

Everyday People Financial Corp. (EPFCF) reports significant expansion in its Revenue Cycle Management (RCM) business, with five existing key client relationships expanded and three new client relationships established since Q2 2024. This growth follows the strategic acquisitions of General Credit Services, Groupe Solution Collect Solu, and Everyday People Financial Solutions.

The expanded client base represents a 70% increase in RCM clients, building on the recent CCS Group Holdings acquisition in November 2024. While specific client details remain confidential, these performance-based relationships are expected to generate substantial revenue growth based on historical performance.

The company also reports the issuance of 120,000 common shares through RSU redemptions, bringing total outstanding shares to 118,654,361.

Everyday People Financial reported strong Q3 2024 financial results with significant growth across key metrics. Revenue increased 89% to $17.8 million for Q3 and 71% to $48.3 million for the nine months ended September 30, 2024. The company turned from a loss to profit, with Q3 net income before tax of $1.6 million, up 451% year-over-year. Adjusted EBITDA grew 172% to $3.1 million in Q3 and 231% to $8.6 million for the nine-month period. The company expects a record profitable finish to 2024 and stronger performance in 2025, supported by the CCS Group Holding acquisition.

Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has completed the acquisition of CCS Group Holdings through its subsidiary BPO Collections The transaction involves a total cash payment of C$4,473,563, with C$4,247,625 paid at closing and C$225,938 held back for 90 days. Additionally, 2,233,565 common shares were issued at C$1.00 per share.

The deal includes a deferred payment of C$711,703 over 2 years and potential performance-based payments of up to C$711,703. The acquisition is funded through equity and debt, including a C$6.0 million bank loan with a 5-year term. CCS, founded in 1988, provides debt collection services in the UK and is regulated by the Financial Conduct Authority.

Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced that its subsidiary, BPO Collections , will acquire CCS Group Holdings for approximately C$8.4 million. The acquisition includes a cash payment of C$5.4 million and the issuance of 2,233,564 Everyday People shares. CCS Group, founded in 1988, provides debt collection services in the UK and is regulated by the Financial Conduct Authority.

To fund the acquisition, BPO has secured a C$6.0 million (£3.3 million) loan from a leading UK bank with a 5-year term. The company expects CCS to contribute an annual EBITDA of C$1.1 million to C$1.4 million. The acquisition is set to close on October 29, 2024, subject to regulatory approvals.

Additionally, Everyday People has issued 969,257 common shares from RSU redemptions and appointed Maureen Griffiths as the new Corporate Secretary.